Expansionist plans from Chan & Naylor

Accounting firm Chan & Naylor plans to expand with the launch of a distribution network and a centralised management system, and has appointed Karnig Momdjian as new chief operating officer to oversee the process.

Momdjian is a former accountant who was also director of IT with Deloitte and senior executive at Solution Six.

The firm will be offering a partnership model for independent accounting firms that are interested in forming a partnership with Chan & Naylor, representing the brand and sharing resources through a ‘hub and spoke’ information system, according to the firm’s chief executive, Sal Carrero.

The partnership model may also appeal to firms considering succession plans, he said.

Chan & Naylor’s private practice management program is operated via its Envision management tool, which is also made available via eknowhow Accounting and reaches 1,316 individuals and 415 accounting practices, the firm stated.

The firm said it would look to extend its reach through the Envision program and other tools such as online forums and participation in industry groups.

The firm’s Knowledge Connect information resource will support the distribution strategy and should be ready within three months, according to Chan & Naylor.

“I am confident that by extending our expertise and reputation we will offer new partner firms peace of mind when it comes to keeping up with compliance issues, more effective marketing and promotion, improved knowledge management and above all more opportunity and productivity,” Carrero said.