In a joint announcement today, iLumen Inc., a financial information and technology company, and The Leading Edge Alliance, an alliance of major independent accounting and consulting firms, announced a strategic partnership to offer iLumen's financial monitoring and benchmarking services to its member firms.
iLumen will also supplement The Leading Edge's annual benchmarking survey by automating a portion of the survey as well as providing ongoing comparative trends for participating firms.
"The Leading Edge Alliance is one of the premier accounting associations and their members are seen as thought leaders in the accounting profession," said Robert H. Woosley, Chief Executive Officer of iLumen. "The Leading Edge Alliance understands the unique challenges of its members and sought to find a technology that automated the exchange of real-time, financial information from their private company clients."
"We have been following iLumen as an emerging trend and watched as they've gained traction within the accounting profession," said Gary Shamis, Chairman of The Leading Edge Alliance. "We wanted to give our members preferred access to iLumen's innovative financial monitoring and benchmarking services so they can begin to realize competitive advantages and efficiencies within their own firms."
"The need for interim, trending financial information and industry benchmarking has been a major concern for many of our member firms," said Karen Kehl-Rose, President of The Leading Edge Alliance, "We did our research and feel that iLumen delivers a solution that not only addresses this problem but allows CPAs to enhance client relationships throughout the year."