Setup and Support Details Pro Enterprise
Browser Based system (hosted by Amazon EC2)
  • Access via the Internet
  • No hardware or software to install
Included Included
In-house server and other hosting options may be selected by customer.   Included
Direct database access and web services.   Included
Online Technical Support via e-mail or fax Included Included
Live Technical Support via phone Included Included
Live 24/7 Technical Support   Included
Graphical User Interface Included Included
Dashboard Widgets: Graphical, interactive snapshots of your company's data.
  • Multiple customizable widgets per module home screen.
  • Advance Historical Reporting: Widgets and various other reports include class-wide and branch-wide historical values, which provide context for the current values. Historic data points include “End of Previous Months,” “Same Day In Previous Months,” etc.
Sample Widget

6

Included

8

Included
Unlimited Users
  • Create and maintain as many user accounts as you need, with no additional fees.
Included Included
Unlimited Branches to handle multiple satellite offices. Included Included
Unlimited Account Types
  • Interest Bearing or Pre-Compute
  • Indirect Sales Finance Contracts or Direct Consumer Loans
  • Supports Standard, Odd First Payment, Interest-Only and Balloon Payment amortization methods
Included Included
Central Information Concepts
  • Links accounts to a single customer master
  • Robust Account Lookup
Included Included
Role-based access control makes user security management easy.
Included Included
One-click access to online, electronic documentation and tutorials. Included Included
Sandbox available for your user training and testing. Included Included
Pre-Configured system codes and templates to help get you started. Included Included
Booking Features Pro Enterprise
Accepts New and Aged Accounts. Included Included
Computes yield, APR, and Add-On Rate. Included Included
Automatically calculates and tracks dealer discount, reserve, and withhold for indirect accounts. Included Included
Dealer Checks and Full Dealer Processing and Accounting.
  • Automatically generate dealer checks for new accounts.
  • Checks can be printed immediately or batched and paid at a later time.
Included Included
Customizable Origination Fees and Dealer Advance Adjustment items can be attached to new accounts (in addition to Discount, Reserve and Withhold). Included Included
Bulk Account Import: Automatically import multiple accounts from a datafile using a one step process. Included Included
Dealer Portal: Dealers can submit and review applications, view dealer specific reports, and send and receive secure electronic messages. Included Included
Account Servicing and Collections Features Pro Enterprise
Collection Task Queue System for follow-up tracking. Included Included
Automatic Workflow and Task Queueing: Tasks automatically assigned users or user groups based on customizable triggers. Included Included
User customizable fields for complete account tracking. Included Included
Collections screens with access to all Loan, Customer, Payment History, Collector Notes, Collateral, Insurance, Credit Bureau details and more.
  • Spouse or Cosigner Details
  • Quick access to other accounts for the displayed customer
  • Changes to Demographic Information automatically stores previous details
Included Included
E-mail address link for sending e-mails to customers. Included Included
Credit Reporting: Automated submission of credit reporting data to your chosen credit bureaus. Included Included
Insurance Tracking
  • Track customer-provided insurance policies.
  • System reports provide notification of accounts with expired or soon-to-expire policies.
Included Included
Repo Tracking
  • Track collateral through all stages of the repossession process, from the selection of repo agent(s) to the sale of collateral and collection of deficiency balance.
  • Automatically generate and transmit repo documents.
Included Included
Enhanced Collections
  • Automatically assign delinquent accounts to collectors in order of priority.
  • Set priority using our customizable scoring metrics.
  • Generate real-time work queues of delinquent accounts.
  • Integrated scheduled follow-up queueing.
Included Included
Omega Professional API: Integrate borrower account status and electronic payments onto your website.
* An additional fee for bandwidth usage related to this feature will apply.
Optional Optional
Teller Features Pro Enterprise
Teller screens for efficient Payment, Late Fees and NSF processing.
  • Ledger card details
  • Display detailed Payoff calculations
Included Included
Manual Custom Payment Sequences
  • Users can select which outstanding fees are to be paid during payment posting.
Included Included
Customizable Payment Types Included Included
Print Customer Receipts and Deposit Slips Included Included
Extension Payment Processing Included Included
Drill Down access to Teller Drawer details.
  • Teller Drawer Report includes totals of Cash, Checks, and Vault Transfers.
Included Included
Recast feature recalculates interest for check reversals, back-dated transactions, etc. Included Included
Electronic Payments
  • Send and receive payments electronically within Omega
  • Supports bank account and credit card payments
  • Supports 3rd party payment solutions, such as Western Union and MoneyGram
Included Included
Automated Custom Payment Sequences
  • Pre-configure the order in which interest and outstanding fees are paid.
  • Sequence order is automatically applied during payment posting.
Included Included
General Ledger Features Pro Enterprise
Fully integrated, real-time General Ledger updating Included Included
Yearend Closing can be delayed without an interruption in processing. Included Included
Multiple Years Retained Included Included
Customized Financial Statements Included Included
Separate or Consolidated Financial Statements for Multiple Branches. Included Included
Reports and Document Options Pro Enterprise
Generate Loan Documents, Payment Coupons, and Billing Statements. Included Included
Flexible Reporting generation and storage. Included Included
Generate reports formatted in MSWord, MSExcel, PDF, or as data files. Included Included
Query Builder: Create basic account lists and data files using customizable data filters. Included Included
Advanced Query Builder: Create custom account lists and data files using customizable advanced data filters. Included Included
Digital Documents. Megasys provides pre-designed, digitized mail merge documents for billing statements, late notices, servicing letters, etc. Included Included
Custom Digital Documents. Additional, custom digital documents can be created and maintained. Included Included
Direct Loan Contract, to be modified to your jurisdiction requirements. Included Included
Tax Forms: Generate year end tax forms for vendors, dealers and customers. Included Included
DocSafe
  • Secure online document storage system saves Omega-generated reports and documents securely for later use.
  • Also allows you to import and save external documents.
Included Included
Document Triggers
  • Automatic generation of digital documents based on customizable variables such as balance, account status, etc.
Included Included
Job Stream
  • Pre-configure a group of reports to be run continuously.
  • Reports can be run manually with a single-step process, or automatically at a pre-determined time (i.e., at the end of the day, at the end of the week, etc).
Included Included
Enhanced Booking, Dealer, Collections and Accounting Pro Enterprise
Master Dealer Tracking
  • Link dealers with multiple locations together when processing dealer payments and generating reports.
  • Allows multiple locations to be evaluated as a single dealer group.
Included Included
Portfolio Tracking
  • Group loans by Portfolio to track a related group of accounts.
  • View reports and Financial Statements by Portfolio.
Included Included
Accounts Payable
  • In addition to dealer checks, generate and track payments to customizable vendors.
  • Payments can be made via check or electronic transfer.
Included Included
Optional Features Pro Enterprise
Originations Module
  • Workflow Modes: Entry, Preselection, Decision, Verification, Final Review
  • Automatic Credit Report Review
  • Automatic letters of declination, approval letters, and welcome packages
  • Pre-determine your dealer reserve / withhold rates
  • Application tracking and dealer analysis tools keep you competitive in the financial services industry
Optional Included
Insurance Processing
  • Finance and track lender provided insurance policies.
  • Calculate premium and refunds.
  • Calculate commission and fee earnings.
  • Automatically update the general ledger with all insurance activity.
Optional Included
Database Download:
  • Provides a complete copy of your Omega database as of the previous date.
  • Microsoft SQL Server compatible database.
  • Generate custom reports and can be integrated into your existing data warehouse.
Optional Included
Included Feature included with this Omega edition Key Features List of Key Features
Optional Optional feature available for purchase   Printer Friendly Print