Keron foundation
About client
“Keron Foundation is dedicated to implementing and supporting initiatives that promote sustainable infrastructure development throughout Armenia, placing a strong emphasis on generating positive social impact across several core areas: Culture, Education, Healthcare, Sports, and Territorial Development.
Concurrently, Keron works to improve Armenia’s global awareness and perception, positioning the nation as an ideal destination for living, working, and entrepreneurship. This strategic effort is aimed at attracting top-tier global talent to contribute to the country’s development.”
Project information
Service
Outsourced CFO
Project Status
Ongoing
Industry
Foundation
Arts, culture and sport
Location
Yerevan, Armania
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
Green Rock foundation
About client
“The Green Rock Foundation was established by its parent company, Green Rock, to powerfully advance the mission of driving destination development in Dilijan. Anchored by an unwavering commitment to the local community, the Foundation focuses on initiatives designed to enhance the quality of life for residents through strategic efforts in education, skill-building, and community-driven projects.
At its core, the Green Rock Foundation aims to empower the people of Dilijan, fostering a vibrant, inclusive environment and supporting both local economic growth and sustainable tourism. By implementing innovative activities and programs, the Foundation seeks to position Dilijan as a premier destination, renowned for its cultural richness, unique experiences, and strong community spirit.
The Foundation’s holistic approach to building a thriving, sustainable future for Dilijan is structured around four key pillars:
Education: The Foundation empowers individuals by providing learning opportunities and skill development to unlock their full potential. A flagship project under this pillar is the implementation of a Hospitality School in Dilijan, designed to provide professional education that will directly accelerate the region’s economic growth.
Culture: The Foundation actively seeks to preserve and promote Dilijan’s rich heritage, thereby fostering a strong sense of pride and identity within the community. A successful initiative here was the creation of the first permanent Virtual Reality (VR) exposition in the local museum to seamlessly blend cultural promotion with new technology.
Environment and Sustainability: This pillar focuses on initiatives that protect natural resources and encourage eco-friendly practices for a greener future. To promote sustainable travel, the Foundation implemented Dilijan’s first eco-responsible taxi service for tourists.
Community Development: The Foundation is dedicated to improving the quality of life for residents through inclusive programs and infrastructure that support social and economic growth. A successful project for this pillar was organizing the first Regional Tourism Forum in Dilijan, effectively promoting MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism and establishing Dilijan on the map of regional MICE destinations.
Together, these four pillars ensure the Foundation’s work is comprehensive, integrated, and impactful, creating a sustainable legacy for Dilijan and its people.”
Project information
Service
Outsourced CFO
Project Status
Ongoing
Industry
NGO
Arts, culture and sport
Location
Yerevan, Armania
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
Impact HUB
About client
Impact Hub Armenia Social Innovation Development Foundation, known as Impact Hub Yerevan, is a non-profit organization registered and based in Armenia. The organization operates with a clear mission: to actively support social impact projects and enterprises that drive the positive development of the nation.
Since opening its doors in February 2016, Impact Hub Yerevan has established itself as a central platform for social change. It has designed and implemented over 20 incubation and educational programs and hosted more than 500 educational workshops and events. Within its inspiring social innovation space, the organization currently hosts over 350 members representing upwards of 100 projects and organizations from every sector in Armenia.
Project information
Service
Financial Monitoring and Evaluation
Project Status
Ongoing
Industry
Foundation
Arts, culture, sport, education and production
Location
Yerevan, Armania
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Sardarapat FC
About client
Sardarapat Football Club (SFC) opened its doors in 2021, establishing a state-of-the-art training center in Armavir, Armenia, dedicated to providing high-standard football education for both male and female players on a daily basis.
SFC’s professional coaching staff draws inspiration from established European training standards to deliver a unique and highly effective approach to football development in Armenia. The Club focuses on personalized, individual programs designed to help every player reach their full potential. Furthermore, SFC players—both boys and girls registered in the Football Federation of Armenia (FFA) championships—benefit from access to the top-tier training methodology of Racing Club de Lens, a respected French Ligue 1 club, conveyed directly by the local Sardarapat coaches.
Project information
Service
Outsourced CFO
Project status
Ongoing
Industry
Sport
Location
Armavir, Armenia
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
ReOpen Media
About client
ReOpen Media Broadcasting Network is dedicated to producing unique, high-quality content that accurately reflects Armenia’s rich culture, history, and contemporary realities. The network’s core mission is to actively engage Armenians globally—both domestically and across the diaspora—to amplify the Armenian voice on the world stage. Functioning as more than just a news source, ReOpen serves as a vital platform for community dialogue and collective solutions, strategically encouraging individuals to embrace new perspectives and drive positive change.
Project information
Service
Outsourced CFO
Project Status
Concluded
Industry
Media
Location
Yerevan, Armania
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
H2M Health consultancy
About client
H2M FOR HEALTH CONSULTANCIES CO LLC is a limited liability corporation established in 2022 in the Emirate of Dubai, operating under a permit from the Department of Economic Development as a dedicated health consulting and planning company. The firm was founded by a distinguished group of experts and pioneers within the healthcare industry.
Healthcare Service Planning
H2M’s consulting expertise encompasses comprehensive service planning and operational efficiency. The Company assists clients with feasibility study preparation, assessing staffing needs and resources, and identifying operational challenges. This work includes conducting regulatory compliance and inefficiency reviews, as well as managing facility turnaround and complete restructuring to optimize performance.
Healthcare Facilities Planning
The firm specializes in the strategic planning and design of healthcare facilities, ensuring adherence to international and local standards and guidelines. This comprehensive service involves:
Creating or reviewing architectural and MEP (Mechanical, Electrical, and Plumbing) designs, while carefully evaluating spaces, equipment maneuverability, critical dimensions, and circulation areas to ensure highly functional design.
Conducting meetings with end-users and medical staff to precisely identify equipment requirements and determine the optimal project approach and analysis.
Preparing detailed project reports outlining functional planning units, accommodations, and the comprehensive medical equipment list that will influence the final medical design and facility services.
Developing detailed Room Layout Plans (RLP), which include electromechanical service requirements, in close coordination with other engineering disciplines.
Preparing accurate bills of quantities and cost estimates for various categories of healthcare projects, covering individual rooms, specialized departments, and the entire facility.
Project Management
H2M focuses on the meticulous planning and organization of projects and their resources. This includes identifying and managing the entire project lifecycle, integrating it seamlessly with a user-centered design process, effectively assembling the necessary project team, and guiding the team efficiently through all phases to ensure successful project completion and delivery.
Project information
Service
Business Plans/ Investment Advisory
Project Status
Concluded
Industry
Healthcare
Location
Dubai, UAE
Project goals
The role of a business plan is to outline a company’s vision, strategy, and financial projections, serving as a roadmap for growth and a tool to attract investors and stakeholders.
- Defining the company’s mission, vision, and objectives
- Evaluating industry trends, target audience, and competitive landscape
- Outlining business model, marketing, sales, and operational strategies
- Including revenue projections, budgeting, and funding requirements
- Acting as a guide for implementation, tracking progress, and making adjustments
The purpose of a business plan is to provide a structured roadmap for business growth, guiding decision-making, securing funding, and ensuring strategic alignment with market opportunities.
Project goals
Investment advisory provides individuals and businesses with expert guidance on financial investments, asset allocation, and risk management to optimize returns and achieve financial goals.
- Evaluating the client’s financial situation, goals, and risk tolerance
- Analyzing market trends, investment options, and potential risks
- Developing a personalized investment plan based on findings
- Executing the investment plan by allocating funds accordingly
The purpose of investment advisory is to help clients make informed financial decisions, maximize returns, and manage risks through strategic investment planning and expert guidance.
Aregak Bakery & Cafe
About client
Aregak Bakery & Cafe is a social enterprise project of the Emili Aregak Centre (EAC) of Armenian Caritas, which serves as Gyumri’s support and resource center for youth with disabilities aged 2 to 18. Established in September 2018, Aregak became the first fully inclusive and barrier-free bakery and coffee shop in Gyumri. This pioneering initiative was co-financed by the European Union, the Austrian Development Cooperation, and Caritas Austria.
The concept for Aregak Bakery & Cafe originated from a clear need identified by EAC staff: the severe lack of post-program opportunities for young adults with disabilities in the city. Despite receiving therapy and guidance at the Emili Aregak Centre, these young individuals frequently struggled to find a meaningful role in the Gyumri community. Their entry into the labor market was typically obstructed by both physical barriers—such as inaccessible workplaces and transportation—and pervasive cultural and attitudinal barriers, including stigma and a lack of specialized training. The Bakery & Cafe was thus created to directly address these systemic obstacles.
Project information
Service
Financial M&E
Project status
Concluded
Industry
HoReCa
Location
Gyumri, Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Luys Ta
About client
LuysTa, the official representative of the “SmartBuy” brand in Armenia, is a leading wholesaler and retailer of tools and construction materials. The company is recognized as a confident market leader due to its unparalleled price-to-quality ratio and extensive inventory of more than 3,000 products. Luys Ta consistently partners with construction companies, developers, and designers, providing a strong commitment to quality assurance.
Project information
Service
Outsourced CFO
Project status
Ongoing
Industry
Wholesale and Retail Trade
Location
Armenia
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
Hosq
About client
HOSQ is an international cultural organization dedicated to the fostering and development of the creative industries on a global scale. The organization works to build bridges between diverse cultural fields, providing strategic platforms that recognize and honor exceptional talents. HOSQ focuses on creating vibrant ecosystems for creators, innovators, and cultural leaders, ensuring that artistic and creative contributions are both visible and sustainable. Its initiatives are geared toward elevating professional standards within the creative sector and actively promoting cross-cultural dialogue and collaboration worldwide.
Project information
Service
Outsourced CFO
Project status
Ongoing
Industry
Foundation
Location
Armenia
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
National Network Armenia
About client
Founded in 2024 in Yerevan, Armenia National Network Foundation is a non-profit media and cultural organization. Its mission is to promote Armenian civilization, preserve statehood, and build a trusted ecosystem of strategic communication.
Project information
Service
Outsourced CFO
Project Status
Ongoing
Industry
Media and marketing
Location
Yerevan, Armenia
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.
ZarMan
About client
ZarMan is a social enterprise that specializes in the creation and production of innovative “talking notebooks” and certified, ecologically clean developmental games.
ZarMan operates with a dual mission: its products are developed by a multidisciplinary team of experts—including psychologists and speech therapists—to ensure high educational value, while its production model is powerfully inclusive. All games are handcrafted and production employs individuals from vulnerable families and persons with disabilities.
Project information
Service
Financial Monitoring and Evaluation
Project Status
Concluded
Industry
Manufacturing
Industry
Location
Yerevan, Armania
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Ardook
About client
Ardook is a unique social enterprise dedicated to creating sustainable employment for mothers of disabled children, many of whom are single parents. Their innovative model provides professional washing and ironing services from the home, eliminating childcare barriers. By utilizing couriers for pickup and delivery, and providing all necessary equipment and training, Ardook serves both residential and commercial clients. The organization is aligned with key UN Sustainable Development Goals, has secured international awards and EU grants, and is committed to expanding its mission to ensure everyone has the opportunity for a decent living.
Project information
Service
Financial Monitoring and Evaluation
Project Status
Concluded
Industry
NGO
Location
Yerevan, Armania
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
HDIF
About client
The Homeland Development Initiative Foundation (HDIF) is a registered non-governmental organization in the Republic of Armenia committed to initiating, facilitating, and nurturing sustainable economic opportunities across the country, particularly within rural communities, towns, and cities, as well as among vulnerable population groups.
HDIF is dedicated to regional economic development by creating jobs that provide a living wage in Armenian communities. A core objective of the Foundation is the economic empowerment of women, which is achieved by providing crucial training and vital skills that enable them to succeed as independent business operators and entrepreneurs. Through focused training on essential business-related topics, HDIF actively encourages and cultivates entrepreneurship across the nation.
Project information
Service
Financial M&E
Project status
Concluded
Industry
NGO
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
CeramaZart
About client
CeramaZart Cultural Center, established by the GOY Humanitarian Foundation in 2022, serves as a powerful social enterprise dedicated to humanitarian and cultural recovery. Its core mission is to provide vital support and professional opportunities to artists and individuals forcibly displaced by the 2020 Artsakh war and 2023 exodus.
Anchored by a specialized ceramics workshop-studio, the center is committed to the revival of traditional Armenian pottery. CeramaZart meticulously breathes new life into centuries-old ornaments, carpet patterns, and bird-letter motifs, ensuring the preservation of cultural heritage while simultaneously providing displaced artists with essential creative, educational, and economic opportunities.
Project information
Service
Financial M&E
Project status
Concluded
Industry
NGO
Arts and crafts
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Golden Bakery
About client
Golden Bakery is a well-established and prominent brand in Armenia, widely recognized for its high-quality arabic pita bread and bakery products. It operates as a large-scale producer and supplier, providing a wide array of fresh baked goods to markets, supermarkets, and individual consumers across the country. The company is a key player in the domestic food industry, maintaining a focus on consistent quality, wide distribution, and traditional Armenian recipes alongside modern baking standards.
Project information
Service
Financial M&E
Project status
Concluded
Industry
HoReCa
Production
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Indigami
About client
Indigami is a specialized child development center that reimagines education, ensuring every day is a journey of new discovery. The Center implements a highly personalized, alternative program that utilizes varied pedagogic methods tailored to each specific age group. Guided by common developmental milestones, Indigami’s core philosophy is to continuously challenge children with age-appropriate tasks, fostering their ability to overcome obstacles while naturally discovering their inherent abilities and skills.
This child-centered model transforms the learning process into an active collaboration, allowing each child to progress at an individual pace while developing their full potential—physically, socially, emotionally, morally, and intellectually. Indigami places special emphasis on the soft adaptation of children to a new environment and building early communication skills with peers. Beyond the classroom, children engage in external, non-formal educational events like visits to theaters and museums.
Project information
Service
Business plans, Financial Modeling, Financial M&E
Project status
Concluded
Industry
Education
Location
Armenia
Project goals
The role of a business plan is to outline a company’s vision, strategy, and financial projections, serving as a roadmap for growth and a tool to attract investors and stakeholders.
- Defining the company’s mission, vision, and objectives
- Evaluating industry trends, target audience, and competitive landscape
- Outlining business model, marketing, sales, and operational strategies
- Including revenue projections, budgeting, and funding requirements
- Acting as a guide for implementation, tracking progress, and making adjustments
The purpose of a business plan is to provide a structured roadmap for business growth, guiding decision-making, securing funding, and ensuring strategic alignment with market opportunities.
Project goals
Financial models are powerful tools that represent a company’s operations numerically, capturing past, present, and projected future performance.
- Gathering relevant historical data
- Defining key assumptions with the client
- Building customized tailor made models
Financial models offer a clear framework for critical activities including but not limited to budgeting, forecasting, risk management, company valuation, asset valuation, and capital allocation helping businesses understand their financial outlook and make well-informed decisions.
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Bagel Shop Armenia
About client
Bagel Shop Armenia is distinguished as Yerevan’s first specialized bagel shop, dedicated exclusively to crafting high-quality, authentic bagels. The company is committed to delivering the most delicious and freshest bagels daily, quickly establishing itself as a premier destination for this specialized baked good in the Armenian capital.
Project information
Service
Financial M&E
Project status
Concluded
Industry
HoReCa
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Fin. Co
About client
Fin.Co is a highly regarded accounting firm in Armenia known for providing high-quality and affordable accounting services tailored to the needs of businesses across all sizes. The firm specializes in delivering essential financial services and compliance solutions, ensuring that micro, small, medium, and large enterprises benefit from accurate, reliable, and efficient financial management. Fin.Co’s reputation is built on making professional-grade accounting expertise accessible to the broader Armenian business community.
Project information
Service
Financial Modeling
Project status
Concluded
Industry
Finance
Accounting
Location
Armenia
Project goals
Financial models are powerful tools that represent a company’s operations numerically, capturing past, present, and projected future performance.
- Gathering relevant historical data
- Defining key assumptions with the client
- Building customized tailor made models
Financial models offer a clear framework for critical activities including but not limited to budgeting, forecasting, risk management, company valuation, asset valuation, and capital allocation helping businesses understand their financial outlook and make well-informed decisions.
Arvestaran
About client
Arvestaran is a dedicated non-governmental organization focused on providing essential developmental and therapeutic support to individuals of children with autism. The organization’s core mission is to empower participants by focusing on the crucial advancement of their living, social, and self-advocacy skills.
Arvestaran achieves this through specialized programs that often incorporate art, vocational training, and social interaction, helping individuals integrate more fully into society. The organization plays a vital role in increasing independence and promoting the dignity and inclusion of individuals with developmental differences in Armenia.
Project information
Service
Financial M&E
Project status
Concluded
Industry
NGO
Education
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Armenia & Beyond
About client
Armenia and Beyond is a premier travel agency specializing in transforming travel dreams into reality, offering expert guidance for both journeys within Armenia and worldwide destinations. The agency serves as a comprehensive travel partner, offering a full suite of services that include flights, travel insurance, guided tours, accommodation, and curated local experiences. By providing specialized expertise in both Armenian culture and global logistics, Armenia and Beyond ensures seamless, enriched, and expertly managed journeys for every client.
Project information
Service
Financial Modeling, Managemanet Advisory
Project status
Concluded
Industry
Travel and Tourism
Location
Armenia
Project goals
Financial models are powerful tools that represent a company’s operations numerically, capturing past, present, and projected future performance.
- Gathering relevant historical data
- Defining key assumptions with the client
- Building customized tailor made models
Financial models offer a clear framework for critical activities including but not limited to budgeting, forecasting, risk management, company valuation, asset valuation, and capital allocation helping businesses understand their financial outlook and make well-informed decisions.
Project goals
Management advisory helps companies refine their strategies, optimize performance, and streamline operations. This service offers expert guidance in areas like strategy, finance, risks, sales, etc.
- Conducting needs assessment
- Identifying management pain points and inefficiencies
- Setting clear objectives and expected outcomes
- Identifying gaps in managerial and financial performance
- Supporting organizational change and transformation efforts
The purpose of management advisory is to provide expert guidance and strategic solutions to enhance decision-making, optimize operations, and drive sustainable business growth.
Milko
About client
Milko CJSC, established in the spring of 2019 in Armenia, is a dedicated producer of top-quality ethnic cheese and dairy products. The company specializes in crafting a diverse variety of artisanal items, including popular products such as Halloumi, Akkawi, and Labne. Milko’s commitment to quality is underscored by its exclusive use of 100% natural milk, positioning it as a premium supplier within the Armenian dairy market.
Project information
Service
Financial M&E
Project status
Concluded
Industry
HoReCa
Production
Location
Armenia
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Sahman NGO
About client
“Sahman” NGO is an Armenian non-profit, non-governmental organization established in 2011. Its primary mission is to provide essential support to the border communities of Armenia.
The organization focuses on implementing highly transparent, sustainable development programs across agricultural, social, educational, and cultural sectors. Sahman initially concentrated its activities in the Tavush region, later expanding to Gegharkunik, and significantly intensified its efforts in the border villages of Syunik and Artsakh following the conflicts beginning in November 2020.
Project information
Service
Business plans
Project status
Concluded
Industry
NGO
Location
Armenia
Project goals
The role of a business plan is to outline a company’s vision, strategy, and financial projections, serving as a roadmap for growth and a tool to attract investors and stakeholders.
- Defining the company’s mission, vision, and objectives
- Evaluating industry trends, target audience, and competitive landscape
- Outlining business model, marketing, sales, and operational strategies
- Including revenue projections, budgeting, and funding requirements
- Acting as a guide for implementation, tracking progress, and making adjustments
The purpose of a business plan is to provide a structured roadmap for business growth, guiding decision-making, securing funding, and ensuring strategic alignment with market opportunities.
Apricot
About client
Founded in 2018, Apricot is a impactful social enterprise that drives both economic inclusion and sustainable growth by creating meaningful employment for individuals with disabilities. The company specializes in the production of high-quality wooden souvenirs and herbal teas. Apricot has successfully created professional opportunities for over 40 individuals, directly fostering greater social integration within the community and substantially improving the livelihoods and financial independence of its employees.
Project information
Service
Financial Monitoring and Evaluation
Project Status
Concluded
Industry
Social Enterprise
Location
Yerevan, Armania
Project goals
Financial Monitoring and Evaluation is a systematic process of tracking, analyzing, and assessing financial performance, ensuring that financial resources are being used efficiently.
- Establishing financial indicators
- Regularly gathering financial data
- Comparing actual v/s budgeted performance
- Assessing financial risks and implementing risk mitigating strategies
- Preparing periodic evaluation reports
- Providing findings and recommendations
Financial M&E helps companies achieve greater financial efficiency, mitigate risks, and drive sustainable growth.
Hub Artsakh
About client
Hub Artsakh was established in Stepanakert in September 2021, the organization demonstrated profound resilience by persevering through the challenges of gas shortages, blackouts, the blockade, and eventual displacement. During this period, the organization successfully designed and implemented over eight comprehensive programs, including the introduction of Artsakh’s first dedicated coworking and ideation space. Their greatest achievement lies in cultivating a vibrant community of changemakers, connecting driven individuals locally and globally.
Following the September 2023 attack, the center served as a crucial safe haven for its community members. Now based in Yerevan, the organization swiftly resumed operations by October 2023, adapting its focus to address the evolving needs of the displaced population, with a current emphasis on livelihoods and employability. The organization is now a strong partner within the network of NGOs dedicated to providing continued support to the population from Nagorno-Karabakh.
Project information
Service
Management Advisory
Project status
Concluded
Industry
NGO
Location
Armenia
Project goals
Management advisory helps companies refine their strategies, optimize performance, and streamline operations. This service offers expert guidance in areas like strategy, finance, risks, sales, etc.
- Conducting needs assessment
- Identifying management pain points and inefficiencies
- Setting clear objectives and expected outcomes
- Identifying gaps in managerial and financial performance
- Supporting organizational change and transformation efforts
The purpose of management advisory is to provide expert guidance and strategic solutions to enhance decision-making, optimize operations, and drive sustainable business growth.
Aragats Perlite
About client
Aragats Perlite OJSC is a leading mining company that has been producing various perlite fractions since 1961. The company operates in a region globally renowned for having ore of exceptional perlite quality, making it the premier source in all of Armenia for rare perlite primary products.
Project information
Service
Financial Health Check, Managemanet Advisory, Risk Advisory
Project status
Concluded
Industry
Mining
Industry
Location
Armenia
Project goals
Offering a thorough analysis of a company’s financial status, examining key areas like financial reporting, cash flow management, accounts payable and receivable, and financial policies.
- Conducting an onsite review
- Assessing critical aspects of the company’s financial operations, including reporting, working capital and accounts management
- Analyzing collected data
- Providing detailed findings and recommendations
Financial health checks highlight gaps and inefficiencies providing a roadmap for enhancing financial practices, improving operational efficiency and supporting sustainable growth.
Project goals
Management advisory helps companies refine their strategies, optimize performance, and streamline operations. This service offers expert guidance in areas like strategy, finance, risks, sales, etc.
- Conducting needs assessment
- Identifying management pain points and inefficiencies
- Setting clear objectives and expected outcomes
- Identifying gaps in managerial and financial performance
- Supporting organizational change and transformation efforts
The purpose of management advisory is to provide expert guidance and strategic solutions to enhance decision-making, optimize operations, and drive sustainable business growth.
Project goals
The role of risk advisory is to help businesses identify, assess, and mitigate potential risks, ensuring regulatory compliance, operational resilience, and long-term strategic success.
- Identifying financial, operational, regulatory, and strategic risks
- Ensuring adherence to industry standards, laws, and best practices
- Developing strategies to minimize threats and enhance resilience
- Tracking risk exposure, analyze trends, and provide actionable insights for decision-making
- Preparing contingency plans for unexpected disruptions
The purpose of risk advisory is to help businesses proactively identify, assess, and mitigate risks, ensuring stability, regulatory compliance, and sustainable growth.
Targeting
About client
Targeting is a strategic business service provider that guides clients through the complex landscape of growth by offering specialized expertise in marketing, business automation, website creation, and branding. Targeting is committed to developing innovative solutions and new formats specifically designed to translate ambitious business objectives into tangible, measurable results.
Project information
Service
Outsourced CFO
Project Status
Concluded
Industry
Professional Services
Location
Yerevan, Armania
Project goals
Delivering expert financial management, assisting businesses with strategic planning, cash flow management, fundraising, long-term financial planning, and overall financial oversight.
- Conducting a comprehensive financial health check
- Optimizing financial policies and procedures
- Implementing financial controls ensuring regulatory compliance
- Creating detailed budgets and projections
- Providing customized financial reports
- Monitoring and evaluating the company’s financial performance
This service provides businesses with the financial clarity and leadership necessary to make informed decisions and achieve their growth goals.