Artiffex platform to be rolled out across MNP’s core practice areas to simplify time-consuming day-to-day tasks, increase operational efficiency
Montreal, Quebec, October 13, 2021 – Artiffex, developers of the accounting industry’s only automated solution for the reconciliation of investment portfolios, today announced that it has signed a multi-year agreement for the national rollout of its platform with MNP, one of the largest national accounting, tax and business consulting firms in Canada.
The agreement follows a two-year pilot project with staff members across MNP. During this time, MNP saw increased efficiency in the reconciliation of investment portfolios, a core part of their service offering, through the automation of traditionally complex and cumbersome processes.
Artiffex will be rolled out across MNP’s core practice areas to further simplify these time-consuming day-to-day tasks throughout the firm, allowing MNP advisors take care of their client’s financial management. With Artiffex, MNP can now generate significant operational efficiency by reducing work in progress related to the reconciliation of investment portfolios, and ultimately better serve its clients.
“As the accounting industry continues its digital transformation, MNP is constantly looking for technology partners to streamline its operations, be more competitive, and become a more strategic advisor to clients across the country,” said Shayne Dueck, CPA, CA, MPAcc, Partner and Business Advisor at MNP. “During our pilot project with Artiffex, we experienced how impactful automating the reconciliation of investment portfolios could be for MNP. This powerful solution, coupled with Artiffex’s strong onboarding process and best-in-class customer support, created the foundation for MNP to roll out the Artiffex platform across our organization.”
Artiffex’s secure, cloud-based platform for data ingestion, reconciliation and reporting is trusted by accounting firms and family offices of all sizes to reconcile and report on investments. The patented, automated solution transforms unstructured financial data into a comprehensive set of reports and journal entries in minutes. Firms using Artiffex have improved operational efficiency by up to 80%.
“Being adopted by one of the largest accounting firms in Canada demonstrates our ability to consistently deliver on our promise to automate the investment accounting reconciliation process,” said Guy Vadish, founder and CEO of Artiffex. “We’re thrilled that MNP has chosen to expand our mandate to manage such an essential aspect of their business and look forward to working closely with their team across Canada to bring the power of automation to their entire organization.”
About MNP LLP
MNP is one of the largest national accounting and consulting firms in Canada, providing client-focused accounting, taxation and consulting advice. National in scope and local in focus, MNP has proudly served individuals and public and private companies for over 60 years. Through the development of strong relationships, MNP provides personalized strategies and a local perspective to help them succeed. For more information, visit www.mnp.ca.
Montreal-based Artiffex Inc. has developed the industry’s only automated solution for the reconciliation of investment portfolios. Artiffex’s secure, proven and patented solution is trusted by accounting firms and family offices of all sizes across North America. By eliminating manual data entry tasks related to tracking and reconciling investments associated to marketable securities, Artiffex’s clients are increasing operational efficiency by up to 80%. For more information, visit www.artiffex.com.