NewsOLX India’s Invoicing Commences After Swift Implementation

OLX India’s Invoicing Commences After Swift Implementation

08 May 2019 Collection

FIQAS is rapidly implementing Abillity® as the system backbone for managed services across various entities of OLX.

After a swift implementation, Abillity® is now operational for OLX India, becoming the first OLX entity to utilize the new Abillity® front-end for accounts receivable processes.

India, with its population of approximately 1.3 billion, stands as the prime growth market for OLX. The anticipation is that OLX India’s market penetration will significantly increase in the coming years. This will result in a high volume of transactions, which FIQAS will process in real-time within Abillity®.

OLX India becomes the inaugural OLX entity to adopt the new Abillity® front-end. This tailored version of the Abillity® user interface for OLX provides specific functionalities for manual invoice entry for non-standard products (such as banners), credit invoicing, payment reconciliation, and report generation.

The distinctive aspect of the implementation for OLX India lies in the complex and distinct financial regulations concerning VAT remittance (‘GST on advance receipt’). The flexible Abillity® software, with minor adjustments, can accommodate these challenges.

Want more information?

Are you curious whether our platform is suitable for your organisation?
We’d love to have a conversation with you!

Willem Lemmers

Senior Consultant

+31 297 382323

Credit management starts at the core

In credit management, you make real impact where the invoice and payment (should) meet. It’s the source of insight and the trigger for action. Yet in practice, payment processing is often disconnected from credit management. Why is that?

More about Credit management starts at the core

FIQAS Finance event: adaptability is the key to success

On Tuesday 27 May, FIQAS is hosting an inspiring event on adaptability in finance, featuring speakers from PGGM and Professor Erik Scherder.
Be inspired by real-world experience, product vision and science. Attendance is free, but places are limited.

More about FIQAS Finance event: adaptability is the key to success

The power of the unhappy flow

Most software focuses on the ideal process. But it’s the exceptions where you can truly make a difference. Discover how to turn the unhappy flow into an opportunity. The result: less manual work and better control over your payment flows.

More about The power of the unhappy flow
View all newsitems