ATLANTA, March 22, 2005 (PRIMEZONE) -- iLumen Inc., a financial information and technology company headquartered in Atlanta, today announced a strategic relationship with the RSM McGladrey Network to provide financial monitoring and benchmarking services to their member firms. The RSM McGladrey Network is a professional affiliation of independent accounting and consulting firms with 90 members throughout the United States.
The RSM McGladrey Network is affiliated with RSM McGladrey, one of the largest business services firms in the United States. RSM McGladrey has integrated iLumen's financial monitoring and benchmarking technology into their service offering known as RSM McGladrey Business Connection. Business Connection enables real-time financial communication between RSM McGladrey business advisors and their clients. The underlying technology provides a simplified method for clients to regularly submit company financial information electronically through a secure data portal. The data is used to monitor growth or decline in key financial metrics, as well as to evaluate trends and make benchmarking comparisons. Clients immediately receive analysis alerts and information on the financial condition of their business.
"RSM McGladrey's Business Connection has given our firm a competitive advantage, and there is a growing demand for this service from RSM McGladrey Network member firms," said Dan Brooks, Executive Director of the RSM McGladrey Network. "iLumen solves the challenges of collecting and analyzing interim financial data for the accountant. It also provides the added benefit of giving clients access to the same high level of analysis and detailed financial reports."
"RSM McGladrey Network firms will use iLumen's service to electronically receive and continuously monitor private company financial information from each of their business clients," said Robert H. Woosley, Co-founder and Chief Executive Officer of iLumen. "By implementing iLumen's service, RSM McGladrey Network firms will be able to react to changing business trends with their clients and be better positioned to serve their unique financial needs."
"Implementing Business Connection for our members is part of our continuing effort to provide the latest advances in accounting technology to improve each member's level of professional service and make them more marketable to their clients," said Kaye Lauritsen, Managing Director of the RSM McGladrey Network. "Our members will benefit immediately from having access to electronically enabled financial monitoring and benchmarking services. Our focus, as always, is to give members the tools to be successful, and iLumen's service will help make that happen."
About the RSM McGladrey Network
The RSM McGladrey Network is the premier affiliation of independent accounting and consulting firms in the nation. Our main focus is to help build and sustain high performing accounting and consulting firms. This is done by leveraging the resources of RSM McGladrey, McGladrey & Pullen, several strategic alliances, other RSM McGladrey Network firms, and RSM International. Services include practice management, practice development, financial management, client service and people/training resources.
For more information about the RSM McGladrey Network visit www.rsmmcgladreynetwork.com or contact Bette Luna at 800-537-7118.
About iLumen
iLumen, Inc. is a financial information technology company that delivers and manages private-company data gathering and analysis solutions designed to solve critical problems in risk management, financial compliance and financial oversight within the banking, accounting and corporate environments. iLumen's services are based on a proprietary (patent pending) data warehousing engine known as iMonitor that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies.
For more information about iLumen's financial monitoring and benchmarking services visit www.ilumen.com or call 404-446-1600. iLumen(tm) is a trademark of iLumen, Inc., all rights reserved.
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