Narek Abgaryan, CFA, FRM

Narek Abgaryan, the CEO of Hundred MS, is a seasoned financial expert with a rich background in corporate strategy and management consulting. Holding prestigious CFA and FRM certifications, Narek has consulted for numerous US and EU firms, specializing in setting up efficient accounting departments. An alumnus of Saïd Business School, University of Oxford, and Hult International Business School, his expertise is grounded in both academic excellence and practical experience. At Hundred MS, Narek leads with a focus on innovative financial solutions and strategic business growth.

Digital tablet with financial charts and graphs symbolizing advanced business planning and valuation strategies

Mastering the Art of Business Planning and Valuation: A Modern Approach

Deciphering the Complexities of Business Strategy and Value in the Digital Age In the ever-evolving landscape of the business world, the importance of a meticulously crafted business plan and a well-calculated business valuation cannot be overstated. These foundational elements serve as the keystone in building a sustainable, growth-oriented enterprise. As we venture further into the digital age, the complexities surrounding strategic financial planning and business valuation have magnified, demanding not only a deeper understanding of financial principles but also an agility to adapt to rapid market changes and technological advancements. The art of business planning extends beyond mere financial projections and market analyses; it encompasses a holistic view of a company’s strategic direction, competitive positioning, and operational framework. Similarly, business valuation is more than a numerical exercise; it’s a multifaceted evaluation that encapsulates market potential, business models, and the intrinsic value of innovations and intellectual property. In this dynamic environment, precision, insight, and adaptability become the pillars upon which successful strategies are built. As we delve into the nuances of business planning and valuation, it’s crucial to recognize the role of modern technologies in reshaping these processes. The integration of advanced analytics, big data, and artificial intelligence has ushered in a new era of strategic planning, where data-driven insights pave the way for more informed decision-making and valuation accuracy. This transformation is not about replacing the human element but enhancing it, ensuring that entrepreneurs and business leaders are equipped with the best tools to navigate the complexities of today’s business challenges. In this blog, we will explore the critical aspects of effective business planning and valuation, offering insights into the modern approaches that are setting new standards in strategic and financial analysis. Join us as we unravel the intricacies of crafting robust business strategies and valuations that stand the test of time and market volatility. The Pillars of Effective Business Planning Strategic Foundation At the core of every successful business plan lies a solid strategic foundation. This foundation is built upon a comprehensive understanding of the market landscape, including a deep dive into competitive analysis, customer segmentation, and industry trends. A well-defined business model that clearly articulates the value proposition, revenue streams, and operational mechanisms is essential. This strategic groundwork ensures that the business plan is not just a document but a roadmap guiding every decision and action towards achieving the company’s goals. Financial Acumen Equally crucial to the strategic foundation is financial acumen, which involves a thorough analysis of financial needs, projections, and health. Effective business planning requires detailed budgeting that accounts for both current resources and future funding requirements. Financial projections, including income statements, cash flow forecasts, and balance sheets, provide a quantitative framework for evaluating the business’s potential for profitability and growth. This financial analysis must be both realistic and aspirational, grounded in current data but forward-looking enough to capture the business’s growth trajectory. Operational Strategy The operational strategy outlines the practical steps needed to turn the business vision into reality. This includes identifying key operational processes, resource allocation, technology requirements, and potential bottlenecks. A robust operational plan ensures that the business can deliver on its value proposition efficiently and scale its operations as it grows. It also includes contingency planning to address potential challenges and risks that may arise in the business’s lifecycle. Market Engagement No business plan is complete without a clear strategy for market engagement. This encompasses marketing and sales strategies that outline how the business intends to attract and retain customers. It involves identifying the most effective channels for customer acquisition, crafting compelling messaging, and developing sales tactics that convert interest into revenue. A well-planned market engagement strategy not only drives revenue growth but also builds brand equity and customer loyalty. Adaptability and Continuous Improvement In today’s fast-paced business environment, adaptability is a key pillar of effective business planning. The ability to pivot and iterate in response to market feedback, technological changes, and internal performance metrics is vital. A dynamic business plan is not set in stone; it evolves as the business learns and grows. Incorporating mechanisms for continuous improvement and feedback loops ensures that the business remains agile and can capitalize on new opportunities as they arise. Together, these pillars form the bedrock of effective business planning, ensuring that startups and established businesses alike have a clear, actionable strategy that drives decision-making and guides the organization toward its long-term objectives. Navigating Business Valuation Understanding Valuation Methodologies Business valuation is a complex process that requires a deep understanding of various methodologies and how they apply to different types of businesses. Methods such as the Discounted Cash Flow (DCF) analysis, market comparables, and asset-based valuation each offer unique insights into a company’s worth, taking into account future earnings potential, industry benchmarks, and tangible assets, respectively. Navigating these methodologies demands not only financial expertise but also a strategic understanding of how each method aligns with the business’s goals and market position. The Importance of Market Trends Market trends and industry dynamics play a crucial role in business valuation. Factors such as emerging market opportunities, competitive landscape shifts, and regulatory changes can significantly impact a company’s valuation. A comprehensive valuation process involves analyzing these external factors to understand their potential effects on the business’s financial health and growth prospects. This analysis ensures that the valuation reflects not just the current state of the business but also its future potential in the context of broader market trends. Financial Health and Projections At the heart of business valuation is an analysis of the company’s financial health and projections. This includes a thorough review of historical financial statements, revenue models, cost structures, and cash flow analysis. Future financial projections are equally important, as they provide a window into the company’s growth trajectory and profitability potential. These financial insights form the backbone of the valuation, offering a quantifiable measure of the business’s worth. Strategic Value and Intangible Assets Beyond the numbers, business valuation also considers the strategic value and intangible assets of a company. Elements such as brand equity, …

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Oracle NetSuite ERP Implementation Guide

Oracle NetSuite ERP Implementation: A Comprehensive Guide to Success

Introduction  In the intricate mosaic of modern business operations, the profound impact of a well executed ERP (Enterprise Resource Planning) system stands out prominently. A robust ERP  implementation is not just a software upgrade; it’s akin to instilling a new heartbeat in an  organization. Imagine having razor-sharp financial reporting that paves the way for  informed decision-making or achieving a level of process optimization that ensures every  workflow is executed with unparalleled efficiency.    This is the magic of a well-implemented  ERP, and Oracle NetSuite stands at the pinnacle of this transformative journey. Oracle NetSuite’s vast capabilities extend far beyond mere process streamlining. Its highly integrated architecture means that data isn’t just stored; it’s interwoven across various modules, painting a comprehensive picture of business operations. Every sale, every customer interaction, every inventory change – all captured and connected seamlessly.  And the true beauty lies in its adaptability. Unlike traditional systems where businesses have to contort their operations to fit the software, NetSuite is refreshingly customizable. It molds itself, adjusting and aligning with the unique contours of your business, ensuring that it serves you and not the other way around.  Join us as we delve into the expansive universe of Oracle NetSuite ERP implementation,  unlocking its myriad benefits and illustrating how it can be the catalyst for your business’s next leap forward.  The Big Picture  In the realm of ERP implementation, starting with the widest lens—the biggest picture—is not just recommended, it’s essential. The foundational pillars of any business, namely its Mission,  Vision, Objective, and Values, are more than mere corporate statements. They offer profound insights into a company’s strategic direction, its ethos, and its long-term growth trajectory. Understanding these elements provides a compass, guiding every subsequent decision and action in the ERP implementation process.  Consider the burgeoning sector of ESG (Environmental, Social, and Governance)  companies. For them, aligning with their core principles could mean prioritizing partnerships with clean energy suppliers when setting up their supply chain modules in the ERP. But it doesn’t end there. A luxury fashion brand, rooted in exclusivity and artisan craftsmanship,  might prioritize modules that track the origin and authenticity of materials, ensuring that every product aligns with their pledge of uniqueness and quality. Similarly, a healthcare company, with a mission centered around patient care, might focus on integrating real time patient data modules to enhance treatment efficacy.  These examples underscore a pivotal truth: The very essence of a company, its Mission,  Vision, Objective, and Values, when deeply understood and aligned with, can transform an  ERP implementation from a mere technical exercise into a strategic tool for holistic growth  and alignment. Dissecting the Current Landscape  Venturing into the heart of ERP implementation requires an intimate understanding of your  existing business operations, workflows, and the skeletal framework that holds it all together – the management structure. It’s a step that demands more than cursory glances; it calls for  immersion.  Approaching this stage requires a blend of patience and meticulous scrutiny. Think of it as  conducting a comprehensive health check-up for your business, where every pulse, every  heartbeat, and even the faintest irregularities need to be detected and assessed.  Each workflow, no matter how minor it appears, holds significance. From the constraints  that limit productivity to the nuances of managerial styles that shape team dynamics,  everything is placed under the microscope. The hierarchies that dictate reporting, the  manual tasks that consume precious hours, and even the very justification for a process’s  existence must be examined.  It’s a time to challenge the status quo. Why is a particular task performed manually when  automation can enhance efficiency? Why does a certain reporting structure exist, and can  it be optimized for better communication? These are the kind of questions that not only  shed light on current operations but pave the way for transformative changes.  By viewing the existing operations from multiple vantage points, businesses can identify  gaps, redundancies, and areas of potential innovation. This thorough understanding lays  the groundwork for an ERP system that’s not just a replica of the current state but a blueprint  for a more streamlined, efficient, and future-ready organization.  The Financial Nexus  The financial module stands as the heart of any ERP software, constantly pumping data,  transactions, and insights to every other department, facilitating their efficient functioning.  Within the Oracle NetSuite ERP ecosystem, this financial core is particularly intricate,  reflecting the complex tapestry of today’s corporate financial environments.  Yet, a persistent challenge in many implementations is a gap that often goes unnoticed  until it’s too late: the chasm between NetSuite expertise and deep-rooted corporate  finance knowledge. This isn’t just about knowing how to click through NetSuite’s financial  module; it’s about understanding the why behind each financial process, transaction, and  report.  One might liken this to being fluent in a language but not grasping the culture from which it  originates. You can get by, but the depth of understanding and richness of experience is  missing. When implementing the financial module, a shallow dive can lead to missed opportunities, misalignments, and, in the worst cases, glaring errors that have cascading repercussions.  That’s why it’s crucial to bridge this knowledge gap. Our other blog titled “The Recipe for  Success: Merging Finance with NetSuite Implementation” delves deep into this topic. We’ve unpacked the essence of combining finance expertise with NetSuite skills to ensure a  seamless, robust, and, above all, effective ERP implementation. The secret sauce, as we  discovered, is in this powerful fusion. And for those keen on truly mastering this blend, it’s a  read we highly recommend.  Charting the Path Ahead  Once the current landscape of a business is meticulously mapped out, the compass must  then point towards the future: Where does the company aspire to be? Understanding this  trajectory is paramount in shaping the framework of the ERP system. It’s like plotting a  voyage – knowing the destination is as crucial as understanding the starting point.  Many companies approach ERP implementation with a vague sense of ‘improvement’ in  mind. However, genuine success lies in the details. Is the company …

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ERP implementation

ERP Implementation

About Company The client is a SaaS start-up in its early revenue stage. The company renders Cloud services in 20+ countries and experienced rapid growth of operations during the disruption of the global workplace caused by the pandemic. Situation The company expanded globally and decided to switch from a legacy system to Oracle NetSuite OneWorld to facilitate 20+ subsidiary operations. The client reached Hundred MS for full ERP implementation covering everything from ERP Set Up to data migration. The Challenges The company’s current systems were not able to match the scale and complexity of its operations which had multiple departments and business verticals. Significant manual processes were impacting operational speed and efficiencies Lack of self-service capabilities for end-users due to limitations in the legacy system thereby increased dependency on the IT team for requisite information reports from the ERP. The Solution Hundred MS provides business process optimization and software implementation services that include: Detailed study of business model, processes involved, current usage of legacy systems, manual workflows Detailed design of to-be processes with workflows, controls, validations, and data points Detailed plan of ERP implementation including set up, migration, testing, cut-over, and go-live Preparation of emergency action plan in coordination with the stakeholders Design and set up of users and their access based on roles Set up of master data, retrieving information from legacy system, user inputs for data gap Design of layouts and reports from ERP Correction of existing legacy data to suit new ERP set up migration Migration of opening balances with validations and testing Functional training to users on the new ERP Go-live and post-go-live stabilization The Impact The company was able to address all its business needs through the new ERP  including, processes, reporting, controls, and validations as a result of strong design and implementation. Impact on regular operations was very minimal due to significant saving in bandwidth of staff in the implementation of ERP.   ERP Implementation | NetSuite One World | Process design and optimization | Data migration Narek Abgaryan, CFA, FRM CFA, FRM – CEO of Hundred MS

cost effective accounting

Cost-Effective and Timely Bookkeeping

About Company CDG (Consumer Durable Goods) manufacturing company in the list of top three producers in the industry. Situation CDG company accumulated a Mountain of unprocessed bills and invoices. A part of the invoicing process required manual data entry into various commercial systems that took significant time from the core accounting team.  The latter caused significant disputes and ultimately a loss of revenue. A Pile of unprocessed bills resulted in missed due dates, duplicate payments, and month-end close delays. The Challenges The manual processes inherently assume increased error rates and often become a source of frustration for the staff due to their monotonous and boring nature. Although it is possible to reduce manual work through system integrations and process optimizations, some jobs heavily rely on manual processes. Not only does that cause a loss of revenue or increased costs but also it often causes loss of team motivation and high attrition rates in accounting departments. The Solution Hundred MS provides highly cost-effective, accurate, and consistent bookkeeping services to augment accounting teams and help them focus on their core competencies. Our services included: Three-way match (PO, Bill, Receipt) Bill posting in ERP and statement reconciliation Payments scheduling to maximize available early pay discounts Master Cost Sheet Maintenance Variance Reporting Streamlined Invoice Submission (automated process and follow-up) Collection coordination Payment to Invoice Matching Account Reconciliation The Impact The company significantly reduced costs and errors in the books, reconciled the balances with all the vendor bills and customers, and obtained consistency. The company significantly lowered attrition and employment costs. Data Entry | Reconciliation | Bookkeeping | Process design and optimization Narek Abgaryan, CFA, FRM CFA, FRM – CEO of Hundred MS

Narek Abgaryan
Narek is the CEO and co-founder of Hundred MS. With a dynamic career that spans investment firms, asset management, risk management, and corporate finance, Narek has demonstrated a profound ability to navigate and innovate within the financial sector. His work across various countries and in diverse financial domains reflects a global perspective and an adaptable, forward-thinking approach. He Brings a wealth of knowledge and experience from the worlds of finance and technology. As a distinguished graduate of the University of Oxford and Hult International Business School, Narek has earned a reputation for excellence in the financial domain. His credentials, including the esteemed CFA and FRM certifications, are a testament to his deep understanding and expertise.
CFA, FRM
Narek Abgaryan
CFA, FRM, Fund Manager & CEO
Narek is the CEO of Hundred CJSC. Before embarking upon this position, he accumulated 7+ years of multinational experience including the positions of CEO, Head of Research and Member of the Board at various licensed and regulated investment companies. Narek is a graduate of Hult International Business School, Armenian State University of Economics and is currently pursuing his education at Saïd Business School of the University of Oxford. Narek is a CFA charter holder and a certified FRM.
Our Mission
Our mission is to extend our partner-based, specialized and cost-effective cooperation to our clients to enable them to focus on their long-term strategy and leverage their core competencies around value-creating activities, thereby boosting Armenia’s economic development.
Our Vision
We have a deep conviction that the financial system is the pillar of our civilizations. Economies that are exploding with growth are the ones that adopted modern finance. We aim to reach a reality where access to unconventional finance technics should be within reach of every economic unit. This shall empower everyone to allocate their human and financial capital more purposefully and innovatively for the benefit of a secure, wealthy, and responsible society.
Objectives
In "Hundred" CJSC, we are structuring our goals to revolve around the best interests of our investors and business partners. The basis we build our strategy on is satisfaction of expectations of our Clients, by bringing substantial profits to them through ethical management of investments, assets and portfolios. In the path of achieving the set tasks, we target new financial products adapted to the Client’s needs and offer variety combinations of interdisciplinary innovations. Following our set of values, we see our short-term goal in becoming one of the leading players in the domestic market, pursuing the long-term ambitious goal of integration into regional and global financial markets.
Corporate Values
We believe that earning the trust of each Client cements the next layer of the foundation of the Company’s reputation. Financial relations are built on trust; thus, our reputation is the heart of our business. Our allocentric approach to dealing with clients ensures that we always put their interests first. We do our utmost to make sure that our decisions are utterly disconnected from the greed when it comes to rendering our services. Promulgating ethics and adhering to the highest professional standards are the bedrocks of our corporate values.
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Are You Ready to Transform Your Businesses’ Financial Landscape?
Are You Ready to Transform Your Businesses’ Financial Landscape?
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Levon Garibyan
Levon, the co-founder and Business Development Director of Hundred MS, brings over a decade of international experience to his role. His career spans managing private firms with diverse business profiles across the UK, UAE, and Russian Federation. Levon has not only excelled in steering these companies towards growth but has also specialized in business development strategy and fundraising. His expertise in these areas has significantly contributed to the expansion and success of these firms. Levon's academic background is equally impressive, having studied at Cranfield University School of Management and Moscow State University of International Affairs (MGIMO), where he honed his skills in business management and international affairs.
Levon Garibyan
Levon is the Business Development Director and Strategy Specialist of the company. He acquired international experience of more than 10 years, managing private firms with various business profiles in UK, UAE and Russian Federation. Levon studied in Cranfield University School of Management and Moscow State University of International Affairs (MGIMO).
Business Development, Strategy & Fundraising
David Tarkhanyan
David is the co-founder of Hundred MS and the CEO of Hundred MS GmbH. His track record in delivering innovative financial solutions and driving performance improvement initiatives showcases his ability to lead complex projects and navigate the intricate world of finance. David's breadth of experience has equipped him with the unique ability to understand and address the multifaceted challenges businesses face today. His exceptional qualifications, marked by the CFA and FRM certifications, reflect his deep commitment to financial mastery and strategic insight. David's career is characterized by a wide-ranging experience in investment banking, performance management, controlling, and reporting, among other critical financial domains.
David Tarkhanyan
David Tarkhanyan
David Tarkhanyan
Financial Controlling Investment Banking
David is the co-founder of Hundred MS. He is a Banking specialist with a focus on Financial Controlling, Planning, and Performance Management. His experience extends more than 10 years in various investment banks in Vienna and Frankfurt. David studied Physics at Bauman University and Industrial Engineering at the American University of Armenia.