Financial intelligence and end-to-end accounting services provider, Monily, helps a multinational beauty brand achieve its financial goals.
Monily recently partnered with CTZN Cosmetics, a beauty brand operating in the UK, UAE, Ireland, and the Netherlands to revamp their financial model and enabled them to procure USD 1.4 million funding for their business.—
Taking over the accounting and bookkeeping functions for all four entities of the cosmetics’ brand, the team of accountants and financial advisors at Monily analyzed, identified, and corrected legacy errors. They also developed processes for transactions across all regions to be timely recorded and presented, and ensured that all key stakeholders have access to accurate monthly financial statements.
With Monily’s CFO services, CTZN Cosmetics gained a clearer picture of their business’s financial health that helped them build and strengthen trust between the brand and their investors.
“This financial management revamp allowed us to expand our business further and make strategic decisions based on accurate financial insights”, shares Tariq Khan from CTZN Cosmetics.
Professional bookkeeping and accounting services help startups and small and medium-sized businesses thrive and reach their full potential by providing more financial clarity.
“CTZN Cosmetics is one of many visionary businesses that has been able to scale their business with better financial practices, encouraging other entrepreneurs to follow suit,” says Farwah Jafri, product owner, Monily. “We are proud to help this brand expand and grow its line of inclusive beauty products. Supporting forward-thinking businesses like these is what keeps us going,” she adds.
Monily was founded with a vision to empower business owners and build informed leadership. Backed by a team of world-class finance and accounting professionals that leverages industry-leading financial tools, we offer a full spectrum of bookkeeping and accounting services. Over the years, we have worked as strategic partners with startups, and small and medium-sized enterprises to help them gain critical oversight, reduce expenses and drive profitability.
Release ID: 89041476