Evolving to Meet Our Clients’ Needs
MNP is ever-evolving, introducing new and expanded service to deliver more value and opportunity to our clients. These include new services that align us with the upper mid-market, demonstrating our recourse and ability to offer greater efficiencies to high net worth individuals and companies. In F19, we introduced the following services as part of our core service lines:
Transaction Accounting Advisory Services (TAAS)
TAAS is a new group of dedicated national team members who are helping clients implement new IFRS and U.S. GAAP accounting standards. The team will specifically handle technical projects and other complex transaction accounting, such as purchase price allocation entries or step acquisition accounting, for existing audit and advisory clients.
MNP’s Blockchain services provide insight to clients seeking information on how the technology works and how blockchain can benefit their business. The service outlines the advantages of blockchain for businesses, helps clients identify specific opportunities within their organization and develops proof of concept or pilots to test blockchain concepts and business models.
Ethics Alert Services
MNP's Ethics Alert Services provides a secure, anonymous and easy-to-use channel for our client's employees and other stakeholders to report incidents of unethical or irregular activity and to express their concerns or suggestions for improvement. Our reporting structure enhances early detection of problems and offers clients more time to effectively manage threats, mitigate damages and deter future events.
Over the next six months, we also expect to introduce the following service delivery practices:
Outsourced Accounting Services
Outsourced Accounting Services group will elevate the firm’s client offerings by delivering cloud-based solutions tailored specifically to each clients’ unique needs. Businesses will benefit from reduced costs and improved efficiencies through the outsourced accounting services, while we will increase the firm’s capacity to deliver more value to our clients, strengthening our position as trusted advisors.
“Using cloud tools to automate and speed up data entry will free up clients’ time from administrative tasks and allow them to focus on their business by making decisions based on the current information in their system. Our clients will also be able to have better business discussions with their MNP advisor on the current and future state of their business and allow MNP to provide more relevant consulting and advisory services to its clients,” says Shayne Dueck.
Family Office Services
MNP’s Family Office Services will work with families and individuals with high net worth and high complexity by offering a wholistic approach to their overall financial well-being. By integrating financial planning, wealth advisory and governance into the existing tax, assurance, accounting and consulting services clients may be currently receiving, the family office approach is able to map out a plan, keep them informed, keep them organized, keep them on track and identify new opportunities.
“Family Office Services help to organize and prioritize goals and drive the implementation of strategies. It acts as a sounding board and provides oversight of the entire family situation.” says Tina Di Vito, “Every family decision impacts every other decision, and cascading decisions need overarching management.” Family Office Services will launch as a pilot in the GTA during Q2, with additional locations coming online by year-end.