Misys Obtains SAS 70 Type II Examinations for Misys Confirmation Matching Service and Opics Plus
LONDON, May 5, 2010 /PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and services company, today announces that it has recently completed separate examinations in conformity with the AICPA's Statement on Auditing Standards No. 70 (SAS70), Service Organizations, covering both its Misys Confirmation Matching Service and Misys Opics Plus software-as-a-service (SaaS) offerings. The SAS70 examinations were performed by the independent accounting and auditing firm Ernst & Young LLP.
Completion of the SAS 70 Type II examinations indicates that selected Misys processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The examinations included controls related to logical access to systems, programs and data; change management; processing controls; environmental controls and physical security.
A SAS 70 examination is widely recognised, because it represents that a service organisation has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers. A Type II report not only includes the service organisation's description of controls, but also includes detailed testing of the design and operating effectiveness of that service organisation's controls.
Hach Hashasian, Sr. Director of SaaS Operations & Compliance at Misys Treasury Capital Markets, elaborates: "Having completed these two SAS 70 examinations, Misys Confirmation Matching Services and Opics Plus customers and their respective auditors will be able to use the reports to assess the internal controls at Misys as they relate to an audit of their financial statements. They allow user organisations' managements to obtain assurance on the design and operating effectiveness of the controls at Misys in a cost-effective manner. The Type II compliance provides our customers with cost savings while also reinforcing the value of the people, processes and technology that are at the heart of Misys' business model."
Misys is committed to providing high quality, best practice operations in its expanded SaaS delivery and undertaking annual SAS70 exams is, in part, evidence of that commitment.
Misys Treasury & Capital Markets has 20 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes and multiple product distribution channels.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking and Treasury & Capital Markets
+44(0)20-3320-5530
[email protected]
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
[email protected]
SOURCE Misys plc
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