What's the biggest problem we hear from Accounting and Finance teams? Inaccurate financials. This leads to a lengthy month-end close process, inaccurate revenue reporting, and agonizing audits. Sound familiar?
Take Canva, the popular online design platform. Canva's rapid growth had their finance department playing catch-up. High transaction volume, growing business complexity, and siloed financial data made it difficult to accurately report revenue numbers. Canva's CFO knew that their existing revenue recognition processes would not scale with the business' growth. It simply wasn't sustainable for their Accounting team to keep aggregating data manually from multiple payment service providers, like Stripe, PayPal, and Apple Pay.
Can you relate? Download this case study to learn how Canva:
- Increased accuracy of revenue reporting and forecasting, eliminating reliance on estimates
- Shortened month-end close to less than 2 days, with no surprises at month-end
- Simplified their audit process