MNP leverages MindBridge to enhance audits and risk assessment
Canada’s 5th largest full-service chartered accountancy and business advisory firm to streamline external audit processes with artificial intelligence
Ottawa, December 9, 2020 — MindBridge, the pioneer in AI-powered risk and fraud detection solutions for financial professionals, today announced their strategic supplier relationship with MNP LLP, one of the largest accounting firms in Canada. The firm will utilize MindBridge’s intelligent risk assessment and detection technology for external audits, saving them time and resources to reallocate to growth endeavours.
MNP already has strong relationships with their clients, MindBridge will serve to further strengthen those by driving more targeted interactions pre, during, and post engagement. By using MindBridge to analyze all the transactional details flowing through the clients’ business and highlighting the trends, anomalies, and patterns the MNP team will stay laser focused on delivering high-quality audits and valuable insights. MNP will be able to investigate more independently, focus on areas that are more meaningful to the business performance of their clients, and report on those areas with increased confidence.
David Danziger, Senior Vice President, Assurance & National Leader, Public Companies at MNP noted his firm’s top down, technology-first strategy, and the impact that AI and machine learning will have on MNP’s auditing procedures: “Utilizing MindBridge makes us more agile, efficient, and able to better serve our clients. The MindBridge AI platform saves us time we didn’t know we had. We’re training more, hiring more, and expanding our horizons. We look forward to the future of our relationship with MindBridge.”
“Working with MNP brings us closer to the future of audits and accounting. The future is automation, advisory, and AI. We’re proud to begin this journey with one of the most storied accounting firms in Canada. We’ll work closely with MNP’s team to continually evolve the functionality to provide them with ever increasing value,” adds Eli Fathi, CEO of MindBridge.
This relationship is surely the first of many to come out of our industry in the coming years. As artificial intelligence expands its influence, financial experts can expect the world’s firms to benefit from its efficiency, automation, and quality of work.
For more information about how your organization can benefit from the MNP-MindBridge relationship, contact Randy Mowat, Senior Vice-President, Marketing.
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MindBridge is a privately held FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional or intentional errors (fraud). Using MindBridge, organizations across multiple industries can minimize financial loss, reduce corporate liability, and focus on providing higher value services to their clients. MindBridge was named by the World Economic Forum as a Technology Pioneer in 2020, in recognition for transforming the accounting and financial services professions’ ability to analyze data. For more information, visit www.mindbridge.ai
About MNP LLP
MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world.
Senior Vice-President, Marketing