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Canva – AVT Oracle NetSuite Case Study

 In Business Systems, Case Studies, ERP Projects AU/NZ/UK

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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