Canva – AVT Oracle NetSuite Case Study
Canva is a graphic-design tool website, founded in 2012. It uses drag-and-drop format and provides access to over a million photographs, graphics, and fonts and is used by both non-designers as well as professionals. Headquartered in Sydney, Canva employs over 200 staff and is currently valued at $1 billion.
Challenges
- De-centralised Financial Management
- Compliance and Reporting took a lot longer to prepare
- Labour intensive transaction entry and month-end close processes
- Multiple currencies
- Dependence on detective controls
Canva’s Business Objectives
- A platform for finance to scale and support rapid business growth
- Multi entity & multi-currency business management
- Advanced financial management including Consolidation, Accounting, Tax and Payroll
- Better Segmented Reporting and Analytics (Department, Class, Location, Projects) to drive business strategy
- Integrated Business Processes
- Shift to preventative controls with approval workflows
AVT Engagement
- Deployed Oracle NetSuite ERP financials to run all global business operations
- Help Streamline AP and AR process, financial management and business reporting
- Enable Reporting for multi-location and multi-currency business management and oversees business operations
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