Financial Management System Improvements and Modeling

To reach their potential, our Clients continuously improve their performance – and sustain that improvement. We have professionals highly competent in financial consulting services in Armenia who can help our Clients meet these challenges. Our Consultants can deliver measurable and sustainable improvement in the performance of Client’s business by focusing on the areas of Finance management and modeling.

Drawing on our experience and a multidisciplinary approach, we can help with:

– Transforming the Client’s finance operating model
– Designing and managing outsourcing and shared service center arrangements
– Sharpening the Client’s financial performance management framework
– Designing and implementing financial systems
– Conceiving and implementing enterprise cost management systems
– Modeling the Client’s Business planning and strategic development projects

Offering our consulting services of Improvement of Financial Management System, we intensively use value-based management approach, which allows providing decision makers at all levels with the right information and incentives to make value-creating decisions.This way, Avenue Consulting Group maintains its unique place among financial consulting companies in Armenia.

Services related to the design and improvement of the financial management system and modeling include:

– designing the model of company performance (financial management control system),
– determining transparent responsibility for operational performance, costs and results in the whole organization,
– designing the process of setting and cascading objectives and tasks in the organization designing processes, methodologies and tools for operational and financial planning (including Performance Based Budgeting),
– designing and implementing changes to cost accounting systems supporting the performance management and budgeting process,
– designing and implementing systems of management reporting and management information,
– designing and implementing systems of measuring and evaluating operational performance linked with the system of employees’ assessment and motivation.

Karen Martirosyan

Partner, Head of Strategic Management Advisory Services


Phone: 00374 99 75 10 00

Karen has more than 19 years of professional experience in different positions, but he is strategic management consultant by his nature. Karen’s academic background and professional experience enable him to provide consulting services from large to small businesses, governments and international development organizations on strategic development and planning, financial management and planning, corporate finance, start-up consulting, marketing and export promotion, comprehensive researches and market analysis and etc. He applies his knowledge and skills in different assignments for corporate and state clients in a number of sectors of economy. Know-how transfer and knowledge sharing is his most valued principles during his work.


Contact Us

20/3 Yeznik Koghbatsi str
0010 Yerevan
Phone: +374 10 53 05 00
+374 60 48 83 80
Working hours:
Monday-Friday: 9:00 – 18:00
Saturday: Closed
Sunday: Closed