Streamlining financial operations — MONTA and Baltic Assist case study
Overview
Monta, our client for 3 years now, is revolutionizing the EV charging landscape by offering an integrated platform that powers EV infrastructure for drivers, companies, cities, and the electricity grid. Their unique software lays the foundation for a greener future where sustainability meets efficiency.
Employing close to 250 individuals, Monta stands out as a frontrunner in the industry, connecting all facets of the EV charging ecosystem, unlike any other competitor. For their innovative ideas, they were recognized as the Nordic startup of the year in 2023.
Since our collaboration began in 2021, we’ve been busy supporting Monta’s financial operations, providing essential bookkeeping services to manage their growth effectively.
Challenges
When Monta approached us in 2021, they needed support in streamlining their bookkeeping processes to better manage their financial operations.
One of the primary reasons Monta chose our team was through previous connections and recommendations.
Monta had clear goals in mind when partnering with Baltic Assist: with deadlines approaching for crucial tasks, they aimed to achieve greater efficiency and accuracy in their financial operations, ensuring timely completion of their objectives.
Solution
To address Monta's need for streamlined bookkeeping processes and improved financial management, we provided a comprehensive solution tailored to their business needs.
To ensure a smooth process, 2 accountants and 1 team lead were assigned to work closely with Monta, ensuring that Monta received personalized attention and support throughout our partnership.
With an average of 150 hours dedicated to Monta's financial tasks, our team's involvement has steadily grown to meet their evolving needs.
Our services cover essential financial functions such as:
- Full financial accounting
- Monthly consolidated reports
- Assistance during audits
- Salary reconciliations
- VAT reporting
In addition, we implemented a new ERP system when we noticed that the current one could not cope with the increasing workload. Based on our experience, our accounting team has pinpointed that Business Central 365 accounting software would be an efficient upgrade for the future.
With an increasing number of entities and expansion to foreign markets, such improvements paved the way for a successful and ongoing partnership.
Results
Our collaboration with Monta has brought about tangible improvements in their financial operations, enhancing efficiency and confidence. The implementation of Baltic Assist services has been smooth, with Monta appreciating our team's adaptability and helpfulness.
Overall, our partnership has allowed Monta to focus on their core activities while we handle financial management with expertise and dedication.
Have a question?
Get in touch!
Baltic Assist provides a comprehensive outsourcing solutions that saves costs, enhances efficiency, and strategic decision-making for your business.
Check out our other case studies
ORDERYOYO and Baltic Assist financial management case study
Learn how Baltic Assist streamlined OrderYOYO’s accounting and payroll, ensuring reliable, scalable financial management for growth.
How a dedicated financial partnership increased operational efficiency
Learn how Baltic Assist improved Nordgreen’s accounting, payroll, and reporting through an efficient, dedicated financial partnership.
How an accounting outsourcing project contributed to the overall efficiency of a retail business
Learn how Baltic Assist streamlined True Gum’s accounting, payroll, and bookkeeping, supporting sustainable growth and operational efficiency.