The NPTA Alliance to Join the iLumen Financial Information Network
Connecting Members to the People, Information and Resources They Need to be Successful
October 11, 2007, Atlanta, GA – The NPTA Alliance and iLumen, Inc. announced today an agreement to deliver the iLumen Financial Information Network to NPTA members. The NPTA Alliance is the association for the $60+ billion paper, packaging and supplies distribution industry.
“Our members look to us to actively support their success by delivering networking, advocacy, education, and research that focuses on the health of the distribution channel,” said Newell Holt, CEO of the NPTA Alliance. “Our partnership with iLumen furthers our commitment to helping our members focus on improving their financial and operational performance by connecting them to the people, information and resources they need to be successful.”
“The NPTA Alliance understands that their members need access to real-time financial analysis and benchmarking comparisons in order to stay competitive,” said Robert H. Woosley, Chief Executive Officer of iLumen. “The iLumen Network allows NPTA members to take the information they already compile in their accounting software, easily upload that data and have it automatically standardized for true apples-to-apples comparisons.”
“This partnership represents a great opportunity for our members,” said Rachel Eckhaus, VP Finance of Strauss Paper Co., Inc. and member of NPTA. “We’ve participated in benchmarking efforts in the past but with limited success because of the effort involved and the time it took to compile results. We knew we needed a better way and ease of use was paramount. With iLumen it literally only takes two minutes a month to upload data and the results are truly meaningful.”
About NPTA
The NPTA Alliance (formerly the National Paper Trade Association, inc.), founded in 1903, is the association for the $60+ billion paper, packaging, and supplies distribution industry. NPTA's mission is to actively support the success of our members through the delivery of networking, advocacy, education, and research that focuses on the health of the distribution channel. The NPTA Alliance has 2,000 member locations and its official publication, Paper & Packaging magazine, is received by nearly to 16,000 readers in the industry. For more information, go to www.gonpta.com.
About iLumen
iLumen, Inc. (www.iLumen.com), an Atlanta-based financial services company, provides a financial information network that enables virtual business communities. iLumen allows private companies to submit, analyze, aggregate and deliver their financial data in collaboration with their trusted financial advisers including banks, accounting firms and other authorized third parties. iLumen connects private companies with leading accounting firms, financial institutions and industry partners in a secure online environment. The company utilizes proprietary (patent pending) technology and business processes to deliver the first and most widely used business financial network of its type.
For more information visit www.ilumen.com or call 888.663.8003. iLumen™ and iMonitor® are trademarks of iLumen, Inc., all rights reserved.