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