Financial analytics.iLumen Inc., a financial information and technology company headquartered in Atlanta, has released Version released version - release 2.1 of its iMonitor[R] financial monitoring and benchmarking network. iMonitor is an automated system for electronically gathering and analyzing financial reporting data from small mid-market enterprise (SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ) customers to provide leading-edge, standards-based benchmarking and trend analysis to the banking and accounting industries. Built on a modular three-tier architecture to ensure data integrity and scalability, new features in iMonitor 2.1 include an automated browser-based data import engine that enables the uploading of financial information from any end-user accounting software, as well as from CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. trial balance systems. New data management capabilities include data cleansing See address cleansing and data hygiene. , financial account standardization and automated data mapping Data mapping is the process of creating data element mappings between two distinct data models. Data mapping is used as a first step for a wide variety of data integration tasks including:
Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. back end, along with centralized data storage, are the foundation for the network's benchmarking and trending capabilities iMonitor 2.1 provides a data repository of private company financial data that is continuously updated with periodic submissions of required and requested financial and operational information from the customers of participating banks and CPAs. iMonitor has the ability to evaluate trends and peer group comparisons to report changes in key financial metrics. As the knowledge base expands, iMonitor will track individual metrics as they change monthly, quarterly or on a trailing 12-month basis. This provides a statistically valid analysis to help monitor a company's performance against an industry or the regional/national economy. Full-scale rollout of iMonitor is expected to be completed during the third quarter. For more information on iLumen and iMonitor, visit www.ilumen.com or call 888.663.8003. |
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