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Adevinta, the global leader in online classified advertising, aids individuals in finding what they need within their local communities. With eleven brands spanning the globe, they strive to create a world where people share more and waste less.
In FIQAS, Adevinta has found a flexible and collaborative partner to manage centralized billing and initial collection phases through an outsourced model across various labels, product types, and revenue streams in multiple countries.
Within this Managed Service, FIQAS handles weekly, monthly, and ad-hoc billing, monitors and processes payments, conducts reconciliation with sub-ledgers, and manages complete accounts receivable, including the collections process
FIQAS also provides advice and oversight for the dunning process to systematically reduce DSO (Days Sales Outstanding). Additionally, FIQAS delivers comprehensive financial reports as a foundation for Adevinta’s SAP system.
FIQAS extends this Managed Service to Adevinta’s brands, including Marktplaats (Netherlands), Kijiji (Canada, Italy), Gumtree (Australia, South Africa, Poland), Motors.co.uk (UK), eBay Kleinanzeigen (Germany, Austria), and 2dehands.be/2ememain.be (Belgium).
FIQAS’ service to Adevinta undergoes annual certification for ISAE 3402. This certification demonstrates not only the establishment of a robust management plan for processes executed on behalf of Adevinta (ISAE 3402 report type 1) but also FIQAS’ complete control over the execution of the outsourced business processes (ISAE 3402 report type 2). FIQAS additionally undergoes biannual SOX audits..
The FIQAS solution, realized in Abillity®, operates within a centrally managed setup as a blueprint for all (international) billing flows. This setup offers an end-to-end solution for the entire collection process, providing maximum web-based visibility into the current status of invoices. Adevinta achieves a systematic reduction in DSO through FIQAS services.
About Adevinta
Adevinta is the world’s largest online advertising company, with twelve brands operating worldwide. FIQAS offers a managed first phase collection service (invoice generation and distribution, payment processing, and accounts receivable management) for Adevinta’s brands, including Marktplaats (The Netherlands), Kijiji (Canada/Italy), Gumtree (Australia/South Africa/Poland), Motors.co.uk (UK), eBay Kleinanzeigen (Germany/Austria) en 2dehands.be/2ememain.be (Belgium).
