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Impact HUB

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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.