ATLANTA, April 5, 2006 (PRIMEZONE) -- iLumen, Inc. announced today that the iLumen Financial Information Network has made financial benchmarking analysis available for private companies in the Wholesale Trade Sector including comparative trend reports for the majority of the sub segments within the sector.
"Benchmarking analysis for the Wholesale Trade industry is the latest to be included in the expanding iLumen Financial Information Network. This industry is very dynamic and access to benchmarking trends and reporting is key to maintaining a competitive edge," said Robert H. Woosley, Chief Executive Officer of iLumen. "By contributing their financial information directly from their accounting software, private companies in this industry will be able to better understand their complete financial situation and make critical business decisions more quickly."
"Our clients recognize they are under tremendous pressure to stay competitive," said Keith Barfield, Shareholder, Barfield, Murphy, Shank & Smith. "Private companies in the Wholesale Trade industry pay special attention to key line items such as labor and transportation costs. They are looking to compare their financial performance to others in their industry in order to spot trends and adjust their businesses accordingly. iLumen allows these companies to know if their trends are in line with those in their specific industry sector, geographic region and similar company size."
"Financial benchmarking for the Wholesale Trade industry is notoriously hard to get and is often outdated," said Woosley. "Wholesale Trade members of the iLumen Financial Information Network benefit by accessing real-time analysis so they can focus on improving their unique business challenges and drive further efficiencies."
About iLumen Financial Benchmarking
iLumen technologies enable a private business to transmit financial information electronically and anonymously to the iLumen Financial Information Network and allows the private company to view their company's updated trends, dashboards and industry comparisons. The service is compatible with all electronic accounting packages and provides secure transmission of interim and year-end financial information. The iLumen Financial Information Network covers a growing number of industry sectors, classifications and groups.
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(r) that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.
For more information, visit www.ilumen.com.