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Press Release
BDO Seidman Alliance And iLumen Announce Strategic Relationship
ATLANTA, GA, May 3, 2005
The BDO Seidman Alliance, a nationwide association of independently
owned local and regional CPA firms, and iLumen Inc., a financial information
and technology company headquartered in Atlanta, today announced a strategic
relationship to provide financial monitoring and benchmarking services
to BDO Seidman’s alliance member firms. The BDO Seidman Alliance
is a professional affiliation of over 250 independent accounting and consulting
firms. The BDO Seidman Alliance is affiliated with BDO Seidman, one of
the largest professional business services firms in the United States.
“iLumen is the leader in private company financial monitoring and
benchmarking technology and services,” said Michael O’Hare,
Executive Director, BDO Seidman Alliance . “BDO Seidman Alliance
firms are among the leaders in providing professional services to private
businesses. iLumen’s services will allow our alliance firms to electronically
receive, continuously monitor and benchmark private company financial
information from each of their business clients.”
“iLumen’s service provides a simplified method for our clients
to submit monthly financial information electronically through a secure
data portal,” said John Carpentier, partner with Tarpley & Underwood
(a BDO Seidman Alliance CPA firm). “We use iLumen’s services
to monitor growth or decline in key financial metrics, as well as to evaluate
trends and make benchmarking comparisons. Our CPAs and clients immediately
receive analysis, alerts and information on the financial condition of
their businesses. With iLumen’s technology, we have a competitive
advantage in the marketplace. Now we can react to the changing financial
condition of our clients during the course of the year, enabling us to
build far better client relationships.”
“Before iMonitor, private companies had no effective way to understand
if their business was growing as compared to relevant industry peer groups,”
said Robert H. Woosley, Co-founder and Chief Executive Officer of iLumen.
“Clients of BDO Seidman Alliance firms will now have the ability
to close out their interim books and in one step upload their information
to their CPA and see trending industry comparisons on a trailing twelve
month, trailing quarterly and annual basis. The result is a better informed
CPA and a better served private company.”
About BDO Seidman
BDO Seidman, LLP is a national professional services firm providing assurance,
tax, financial advisory and consulting services to private and publicly
traded businesses. For more than 90 years, we have provided quality service
and leadership through the active involvement of our most experienced and
committed professionals.
BDO Seidman serves clients through more than 30 offices and 250 independent
alliance firm locations nationwide. As a Member Firm of BDO International,
BDO Seidman, LLP serves multi-national clients by leveraging a global network
of resources comprised of more than 600 member firm offices in 105 countries.
BDO International is a worldwide network of public accounting firms, called
BDO Member Firms, serving international clients. Each BDO Member Firm is
an independent legal entity in its own country.
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. |
