Megasys has successfully completed the SSAE 18 assessment and has been awarded compliant assessment following an intensive, independent review by Elliott Davis, a national accounting firm.

The SOC 1 audit (part of SSAE 18) is widely recognized for the intensive scrutiny it puts systems of the organization, through, in terms of their control activities related to business processes, which are relevant to user entities’ internal control over financial reporting. The SSAE 18 audit is the new standard and supersedes the SSAE 16 report. The major changes present in SSAE 18 include:

Vendor Management
Complementary Subservice Organization Controls
Written Assertion Requirement

With now over 70 installations, 2017 celebrated another successful year of Omega customer base growth. The Megasys User Group event held in June was an integral part of our growth through user participation and great system feedback. We enhanced features with current partner integrations, added new features, and implemented key enhancements to improve the Omega System experience.

The most significant change was the release of the new Omega user interface, which simplified the menu system and modified the main account view, taking advantage of additional screen width.

Heading into 2018, we will continue adding new functionality that will keep us on the leading edge of technology. Several new partner integrations and key features are also expected for release.

Megasys would also like to extend a heartfelt welcome to the newest Omega customers that helped shape our year:

Foti Financial Group
Midwest Acceptance
Platinum Auto Finance
Premier Acceptance
RedRock Financial
Southeast Auto Financial
Thrift Investment Corporation

If you’re interested in learning more about the Omega Originations and Servicing System, please contact us at 800-927-4490, or email us at sales@megasys.net. We’d love to hear from you!

Happy New Year!