Deloitte Canada and Omada team up to corner 'IdaaS' market

17 May 2018 Consulting.ca

Big Four consultancy Deloitte Canada has formed a strategic partnership with IT security solutions firm Omada. The partnership will combine Deloitte’s advisory and implementation expertise with Copenhagen-based Omada’s identity management and access governance platform.

Firms are under increasing pressure to boost the security of their information technology systems. The threat of cyberattacks and data breaches – as well as the need for regulatory compliance – is causing firms to look for effective digital security solutions.

One important areas is that of access governance, which governs what information/resources different actors in an organization have access to. IT administrators will make sure that the various individuals can get to information they need, but that sensitive information is restricted to the appropriate users. Access governance (AG) has grown in importance amid a heightened awareness of insider threat, as well as an increased emphasis on regulatory compliance: with a well-managed system, firms can point to who had access to specific info at which time.

Identity management is a related field wherein individuals are effectively identified and authenticated in order to access the organization’s IT system. Together, identity management and access governance make sure that the user is who they say they are, and that they only have access to the appropriate resources. The provision of this as an IT service is referred to as IdaaS – ‘identity management and access governance as-a-service.’Omada and Deloitte Canada Unite to Take the Lead on IdaaSLast month, Deloitte Canada announced that it was forming a strategic alliance with Copenhagen-based Omada – a market leading provider of identity management and access governance solutions. The Big Four accounting and consulting firm’s advisory and implementation expertise will be united with Omada’s identity management and access governance software platform to provide a leading IdaaS offering.

“The Omada software, paired with Deloitte’s full service advisory solution means we have lowered the entry point to identity and access management, making it easy, structured, and widely available for our joint clients,” said Veronika Westerlund, Omada Global VP of Channels and Alliances. “This is a solution our clients can sign up for to provide attainable compliance, security, and efficiency without the need to assemble a solution themselves.”

The collaborative Idaas offering will allow clients to benefit from advanced functionality, simpler deployment, and a low total cost of ownership. Deloitte Canada – which has 55 offices and over 8,000 staff – will advise clients with strategy and implementation of the Omada product.

Omada, which was founded in 2000 in Denmark, has no Canadian offices – though it does have two in the United States. The IT security solutions firm also has locations in Germany and the UK. The company was named IT Company of the Year 2004 by IDG Computer World, and has also been named an ‘International Growth Comet’ by MIT.

Commenting on the alliance, Deloitte Canada Partner Daniella Toledano said, “Our collaboration with Omada responds to an urgent need in the market for a solution which lowers the hurdle for companies to ensure security, efficiency, and compliance. Pairing Omada’s highly rated identity management and access governance solution with our leading Deloitte advisory services offers a valuable and triumphant combination for our clients.”

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Consulting firm MNP joins Global Cannabis Partnership

04 April 2019 Consulting.ca

Accounting and consulting firm MNP LLP has joined the Global Cannabis Partnership (GCP). The GCP is a not-for-profit collaboration of public and private sector organizations seeking to establish social responsibility standards for the international cannabis industry.

Legal cannabis is a multibillion dollar industry in Canada, and its pollen is being blown across the globe, with legal recreational cannabis laws in several US states and European countries currently planting the seeds of potential legalization.

Cannabis legalization brings with it a rush of capitalists seeking to make their fortune, many of whom are in need of sound guidance. A thriving consulting segment has rapidly sprung forth to support cannabis firms with strategy, data analysis, regulatory compliance, security, human resources, and any other business needs. At established consultancies, cannabis teams have generally been cobbled together from consumer packaged goods, and food and beverage sector teams, where there exists a good deal of relevant expertise.

MNP, Canada’s fifth-largest national accounting and consulting firm, was quick to jump on the cannabis bandwagon, and is now one of the industry’s leading advisors, servicing clients internationally.

Consulting firm MNP joins Global Cannabis Partnership

The firm has deep expertise advising industry clients on accounting, audit, tax, financial, and regulatory issues. MNP also supports cannabis industry clients with strategic planning, organizational performance, risk management, best practices and internal controls, and M&A.

As part of its growing role in the industry, MNP has joined the not-for-profit organization Global Cannabis Partnership (GCP). The St. John, New Brunswick-based organization is currently working to create a responsible cannabis framework to guide the safe production, distribution, and consumption of legal recreational cannabis.

Other members of the GCP include consultancies EY, PwC, Grant Thornton, and Cannabis Compliance Inc.

"MNP joined the GCP to collaborate with other industry leaders as the cannabis industry in Canada steps into the spotlight on a global stage," Glenn Fraser, national leader of both food and beverage processing and cannabis, said.

"When MNP decided to enter the cannabis industry in 2013, we made a point to integrate ourselves with the people and organizations propelling the Canadian cannabis industry forward. Through our membership with the Global Cannabis Partnership, we're at the table with our peers continuing the development of the adult-use recreational cannabis industry in Canada and beyond."

MNP joined the organization at the same time as four other companies: cannabis cultivator Canndescent; cannabis operator and franchisor ONE Cannabis Group; cannabinoid R&D firm Cronos Group; and cannabis producer Rubicon Organics. The five additions bring the GCP’s total membership to 37.

"As the industry continues to grow, our membership is expanding along with it," Kim Wilson, executive director of GCP, said. "We're thrilled to have these new members, who are committed to corporate social responsibility and making a positive contribution to the partnership. The diversity of our membership brings a broad perspective and expertise to the table, which will help us set standards and guidelines for best practices in the cannabis industry worldwide."

Related: MNP named a Best Employer in Canada for 11th year in a row