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iLumen upgrades iMonitor financial planning platform

19 October 2004  |  294 views  |  0 Source: iLumen Incroporated

iLumen Incorporated, a financial information and technology company headquartered in Atlanta, today announced the release of Version 2.3 of the iMonitor® financial monitoring and benchmarking platform.

iMonitor is a proprietary (patent pending) technology for electronically gathering and analyzing private company financial reporting data that provides next generation standards-based trend analysis and benchmarking to the banking, accounting and corporate risk markets. Features of this latest upgrade include new trailing 12-month calculations, average growth rate calculations, trend analysis charts, enhanced alerting, and a visually interactive analysis dashboard.

"This upgrade of iMonitor simplifies the collection of private company data while maximizing the quantity and quality that users can analyze for client portfolio management, benchmarking and credit risk assessment," said Robert H. Woosley, co-founder and chief executive officer of iLumen. "The dashboard and charting enhancements extend the functionality of the iMonitor platform which is changing the way professionals in banking, business and accounting view and analyze private company financials."

iMonitor's new interactive dashboard displays annual balances and growth rates historically for up to 5 years, along with a new bar chart view for trend analysis. It increases the user-friendly nature of iMonitor and provides pertinent information and links to client-specific areas within the system. Rolling 12-month analysis calculations for target and prior period and average growth thresholds were also added. Alert thresholds can be set at a global level and automatically applied to all new or existing clients.

Other new features in iMonitor include an advanced map editor that makes the mapping and account review process easier and more efficient.
iMonitor's Universal Account Code Structure (UACS) taxonomy is now template driven with the ability to setup and assign industry specific mapping templates. A new 'Upload Due/Send Reminder' alert system notifies users when an upload is due from a client. Upload frequency, either monthly, quarterly, and annually can be individually set for each client.

"iMonitor Version 2.3 is engineered to speed up the implementation and adoption process as well as improve interaction between users and submitting companies," Woosley added. "This new release improves financial transparency and the new expanded dashboard interface brings everything together in a single well-organized and visually intuitive view. It provides expanded client portfolio management, charting and performance enhancements that will benefit banks, CPAs and corporate users."

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