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Technology Platform
The Power of iMonitor
All of iLumen’s private company financial monitoring and benchmarking services are powered by iMonitor, our proprietary, patent-pending technology platform. The power of iMonitor comes from the ability to completely automate and standardize the gathering, mapping, analyzing and reporting of financial information from monthly financial data submissions.
How it Works
The iMonitor network is accessed through a secure iMonitor-powered data portal within a customer branded website. Submitters upload a trial balance report directly from their accounting software into the iMonitor network every month. The information is then standardized and mapped, analysis is conducted and reports are created. Once analyzed, custom-designed email alerts, based on early warning indicators or related analytical-based thresholds, are sent directly to the desktop of their CPA, banker or corporate trade partner.
Portfolio Monitoring
The Portfolio Dashboard is the starting point for managing your client portfolio. From here you can access all the major areas of the application. The upload status of each of your companies is displayed.
Client List
The client list is an adoption management tool that simplifies introducing the data upload system to clients and tracking their use. The screen lists the clients, status of those clients, number of periods the company has uploaded and the office and party responsible for the client.
Variance Flags
This table highlights the status of any variances that have been set for the company. Alerts can be set against specific targets or against prior periods using current period data or rolling 12 month data. These settings can be set for each individual company. Variance can be set from one to 100, depending on the company.
Private Company Benchmarking
iLumen’s Private Company Benchmarking service is enabled by the iMonitor
network of private company financial submissions. The repository is populated
with periodic electronic submissions of accounting data from the customers
of participating banks, CPAs and large corporations and is refreshed each
time financial information is submitted.  |
