Misys Obtains SAS 70 Type II Examinations for Misys Confirmation Matching Service and Opics Plus
Poster: SySAdmin
Posted on May 5, 2010 at 2:35:01 AM
Misys Obtains SAS 70 Type II Examinations for Misys Confirmation Matching Service and Opics Plus
LONDON, May 5, 2010-- 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
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
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, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
LONDON, May 5, 2010-- 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
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
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, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com