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Press Release
iLumen Signs Strategic Agreement with RSM McGladrey
ATLANTA, GA, March 27, 2003
iLumen Incorporated, a financial information and technology company headquartered in Atlanta, today announced the signing of a strategic customer agreement with RSM McGladrey. RSM McGladrey, one the largest accounting, tax and consulting organizations in the country, will pilot and deploy the new iMonitor® financial monitoring and benchmarking network throughout their practices in the United States.
RSM McGladrey plans to integrate iMonitor’s financial monitoring and benchmarking capabilities into their service offerings to their clients. iMonitor provides a simplified method for customers of the firm to regularly submit company financial information electronically through a secure iMonitor-powered data portal on the RSM McGladrey Web site. The data will help monitor growth or decline in key financial metrics, as well as evaluate trends and make benchmarking comparisons. RSM McGladrey clients will immediately receive analysis alerts and information on the financial condition of their business.
“The iMonitor network gives us a framework for real-time monitoring and accounting validation that will enhance data communication flow between accounting and tax professionals and their clients,” said Tom Rotherham, president and chief executive officer of RSM McGladrey. “Our goal is to better monitor our client’s financial trends and as a result provide more timely and informed services.”
“RSM McGladrey is among the first to integrate this new technology that can better connect their team with interim client financial information to help spot problem areas and provide early warning indicators,” said Robert H. Woosley, founder and chief executive officer of iLumen. “In addition, iMonitor’s benchmarking capabilities will provide RSM with trends and analysis based on high-quality, real-time data.”
“The iMonitor network provides a valuable service for our clients and we believe RSM McGladrey is well positioned to leverage this technology to bring us in closer touch with business,” added Rotherham. “Deployment of iMonitor sends a strong signal to our clients, the accounting profession, and the banking industry that RSM McGladrey will continue to be an innovator in providing leading edge services to our clients.”
“We applaud RSM McGladrey’s leadership on this initiative,” said Dr. William Chambers, managing director, Risk Solutions Group of Standard & Poor’s. “In this period of heightened concern for financial oversight and transparency, business service firms that work with mid-sized clients, as well as banks which lend to those companies, will greatly benefit from having quicker access to data, a better understanding of trends and availability to early warning business indicators which iMonitor provides.”
About RSM McGladrey
RSM McGladrey (www.rsmmcgladrey.com) offers middle-market companies business and tax consulting, wealth management, retirement resources, payroll services and corporate finance. RSM McGladrey serves clients from offices in the U.S. and is committed to helping its clients grow and prosper. RSM McGladrey also operates the RSM McGladrey Network, an affiliation of 82 independent accounting firms in the U.S. and Puerto Rico. RSM McGladrey is the U.S. member of RSM International, the sixth largest accounting and consulting organization in the world, with about 600 offices in 75 countries.
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 visit www.ilumen.com or call 404-446-1600. iLumen™ and iMonitor® are trademarks of iLumen, Inc., all rights reserved. |
