ATLANTA, Oct. 25, 2007 (PRIME NEWSWIRE) -- Vision Software Solutions, LLC, a software development and support company specializing in business solutions for community banks and credit unions, and iLumen, Inc., the leading provider of private company financial information, today announced a joint marketing agreement.
iLumen will integrate its customer facing financial information network with Vision Software Solution's fisCAL(r) system to streamline the collection and standardization of financial data. iLumen allows companies to electronically upload their financial data and loan compliance documents directly from any accounting system to their banker. Customers will benefit from online access to performance dashboards on their companies as well as benchmarking comparisons. Bankers will benefit from efficiencies in data collection, access to industry trends and having a more direct connection to their customers.
"We are dedicated to providing our customers with solutions that optimize business processes, reduces costs, improve financial analysis and lower risk," said Barry Brinson, President of Vision Software. "Our partnership with the iLumen Financial Information Network will allow us to further that commitment by connecting bankers with their customers in a secure, interactive, online portal. The ability to custom brand the iLumen Network will be a key competitive differentiator for our customers who want a true end-to-end credit monitoring solution."
"Vision Software Solutions provides banks and credit unions robust credit monitoring solutions that enable bankers to make better commercial loan decisions," said Robert H. Woosley, Chief Executive Officer of iLumen. "The iLumen Network is a perfect compliment to products like fisCAL because it offers a valuable front end solution that connects a bank's customers to iLumen's national network of private companies and advisors."
About Vision Software Solutions
Vision Software Solutions is a leading provider of software to community banks and credit unions with solutions that optimize business processes, reduce costs, improve financial analysis, and lower risk. Their financial analysis software, fisCAL(r), enables easy, accurate commercial loan decisions. fisCAL's comprehensive analysis includes: ratios, trends, cash flow, breakeven, projections, credit history and scores, and industry peer-group comparisons. Exception and covenant tracking and loan monitoring is available through their ExceptionComplete product.
Additional information can be found at: www.fiscalsoftware.net.
About iLumen
iLumen, Inc. (www.iLumen.com), an Atlanta-based financial services company, provides a financial information network that enables virtual business communities. iLumen allows private companies to submit, analyze, aggregate and deliver their financial data in collaboration with their trusted financial advisers including banks, accounting firms and other authorized third parties. iLumen connects private companies with leading accounting firms, financial institutions and industry partners in a secure online environment. The company utilizes proprietary (patent pending) technology and business processes to deliver the first and most widely used business financial network of its type.
For more information visit www.ilumen.com or call 888.663.8003. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.