Case Study: Canstar achieves streamlined multi-entity financial reporting with Annexa and NetSuite

Canstar streamlines finance across 7 subsidiaries with Annexa

Canstar, Australia and New Zealand's largest financial research and ratings agency, faced significant operational challenges due to its reliance on a fragmented system of outdated software and spreadsheets. This led to unreliable processes, inefficient financial reporting, and an inability to manage multi-currency and inter-company transactions across its seven subsidiaries. To overcome this, Canstar partnered with vendor Annexa to implement Oracle NetSuite ERP.

Annexa implemented NetSuite to centralize Canstar's financial operations, providing a single source of truth. The solution automated key processes, streamlined multi-entity consolidation, and enabled real-time reporting. This transformation freed the finance team from manual workloads, allowed for efficient consolidated financial statements, and established a scalable platform for future integrations. The vendor Annexa provided crucial implementation and support services throughout this successful project.

Canstar

Chris Mitchell

Chief Financial Officer, Canstar