ATLANTA, Jan. 3, 2007 (PRIME NEWSWIRE) -- iLumen, Inc. announced today that Harland Financial Solutions Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), has formed an alliance to bring the iLumen Financial Information Network to Harland Financial Solutions' 6,000 plus financial institution clients.
The iLumen Network is a complementary solution to CreditQuest(r), Harland Financial Solutions' end-to-end commercial Credit Management System. The iLumen Network automates the direct flow and standardization of financial information from a private company's accounting system into CreditQuest. This enables financial institutions to make this process easier and more secure for their commercial customers while dramatically improving internal efficiencies to reduce costs.
The iLumen Network is offered by financial institutions to their commercial customers. The network provides unique insight into a business through analysis of their own financial performance with the added value of comparing their financial trends to industry averages.
"Harland Financial Solutions is a known leader in delivering innovative technologies to the financial industry," said Robert Woosley, President and CEO of iLumen, Inc. "The inclusion of the iLumen Network with CreditQuest extends Harland Financial Solutions' focus of delivering leading-edge solutions to their clients. In addition to improved internal processes, the iLumen Network allows financial institutions to offer differentiated services to their commercial customers that enhance the bank's role as a trusted financial advisor."
A company simply uploads a standard report out of their accounting system and into the iLumen Network when they close their books every month. The iLumen Network automatically maps this data to industry standards for export into existing financial systems. The iLumen Network is comprised exclusively of financial data anonymously contributed from private companies.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.
About iLumen
iLumen, Inc. delivers a financial information network for private companies and their trusted business advisors. The iLumen Network is an interactive online community of private companies that join the network to receive greater insight into their business, industry and marketplace through financial analysis, comparative benchmarking, industry intelligence and interactions with their peers. The iLumen Network utilizes proprietary (patent pending) technology and business processes that deliver and manage private company data gathering and analysis solutions. The iLumen Network is used by financial institutions, accounting firms and other businesses to solve critical problems in risk management, financial compliance and financial oversight.
For more information visit www.ilumen.com or call 404-446-1600. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.