CultureAmp – AVT Oracle NetSuite Case Study

CultureAmp is an Australian “unicorn” Company that offers complete employee feedback and performance management solution. CultureAmp was launched in 2011 and acquired a “unicorn” status in 2019.

Challenges

• Compliance and Reporting took a lot longer to prepare
• Replication of Data & Effort
• Excel use was high, to overcome capability gaps in the core incumbent system
• Application of complex intercompany and foreign currency requirements was onerous

CultureAmp Business Objectives/Needs

• Platform to scale and grow the business Globally from $10m to $100m in 4 years
• Multi-entity business management, for a truly global business structure
• Advanced financial management including Consolidation, Accounting, Tax and Payroll
• Advanced revenue recognition, to future proof compliance with changing accounting standards
• Deeper technical accounting capabilities to move work managed from Excel
• Better Business Reporting and Analytics to drive business strategy
• Tighter integration between Business Processes that are cross-functional
• A mature API/App platform to connect multiple systems (ie. Salesforce) and leverage turnkey niche solutions
• Mobile access to users

AVT Engagement

• Deployed Oracle NetSuite ERP financials and Revenue Management 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