Case Study: Canva achieves accurate revenue reporting with Leapfin

Canva eliminates revenue estimates and streamlines 65 million-user reporting with Leapfin

Canva, an online visual communication and collaboration tool, faced challenges with its revenue recognition process due to rapid growth, enormous transaction volume, and siloed financial data. This made accurate reporting difficult and left the finance team vulnerable to surprises at month-end. To address this, Canva partnered with Leapfin for its revenue recognition solution.

Leapfin implemented a solution that processed high volumes of transaction-level data, applying automated accounting rules to each one. This eliminated Canva's reliance on estimates and spreadsheets, providing a single source of truth for revenue data. The results for Canva included accurate revenue reporting that required no post-month-end adjustments, the complete elimination of month-end surprises, and drastically simplified audits. Leapfin provided the foundation for Canva to support its continued exponential growth.

Canva