In 2012, Basware’s full-year net sales amounted to EUR 113 699 thousand, up 5.5%, and full-year operating profit was EUR 8 308 thousand. The decrease in license sales is partly attributable to the significant migration to SaaS services. The Automation Services business grew by 44.1% during the year as a whole.

We have also connected an increasing number of suppliers and buyers to our open network with new products and delivery methods during the year. In 2012, the transaction volume was 34 million in total, up 63.5%.

Alusta, the unified cloud-based platform for Purchase-to-Pay that was launched at the beginning of the year, was an important milestone in Basware’s strategic change and transition to service-oriented business. Alusta has been received well by our customers, and we will focus on migrating existing customers to it.

Basware’s transition process was accelerated in the fall by publishing an updated strategy that emphasizes our target of strong global growth. Basware aims to become the world's largest network of e-invoices and other electronic messages for buyers and suppliers by 2015.

The key objectives include accelerated growth in the transaction volume, strengthening our market position in selected key markets, more accurate segmenting of services and products to companies of all sizes, with particular attention on small and medium-sized enterprises, developing customer loyalty, and improving the company’s profitability.

Basware had 1,423 employees at the end of 2012. The growth in the number of personnel is mainly due to an increase in the number of personnel in the Indian unit and the acquisition of First Businesspost GmbH.

The development of profitability is particularly based on the adoption of a scalable sales and delivery model and launching a global efficient service production network at full steam.

Software as a Service (SaaS) – License sales relation 2008-2012