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Ilumen Inc

Atlanta, Georgia, United States

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General Info:

Organized in 2000, iLumen was formed to address the need for accounting firms to better manage and serve their business clients. Bob Woosley, co-founder and a senior partner in an Atlanta-based CPA firm, recognized that many of his business clients needed more regular contact and consulting from the firm. However, determining which clients were most in need of input from the firm proved challenging given the infrequency and difficulty in getting clients to submit their financials to the firm on a consistent basis. In addition, data on these clients did not exist in a single view because it was housed in the firm's disparate data systems and was not shared between offices. In an attempt to solve this problem, iLumen developed its proprietary data collection and standardization technology to serve the CPA market and as a result, secured a number of accounting firms as customers that wanted to grow their business practice, increase billable hours, and improve service to the business client. In 2003, the company's focus expanded to the banking marketplace as several top 100 banks became familiar with the technology and saw the opportunity to automate the management of their commercial banking portfolios. From these early market adopters, iLumen developed its integrated proprietary iDAP platform, Portfolio Connection, Customer Connection, and BizConnection software applications, all of which work to facilitate data flow, data integrity and data representation in a way that allows users to unlock the knowledge and power of financial data through analytics and business intelligence capabilities.

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