New Omega Feature: PassTime’s Encore GPS Wireless Device!

PassTime’s Encore Wireless GPS Device is Now Supported!

Go Wireless with Encore GPS!

Locate, Monitor, and Protect your Assets!

PassTime’s Encore battery-powered GPS solution provides the ability to track, monitor, and protect your assets directly within the Omega Servicing Loan Management System.

Encore Wireless GPS Benefits include:

Pin-point GPS tracking
Advanced battery technology (up to 4+ years of battery life)
A simple self-activation process to use the device when you are ready
Integrated power modes that allow you to maximize power life with the features that fit your needs

Integrated power-mode options include:

Endurance: Auto locates the asset twice per day
Trip: Reports the location of the asset at the end of a trip when the asset is not moving
Active: Tracks the asset when it is moving and reports its location when it is stopped
Recovery: Locates asset while it is moving and when it is stopped

Get Started Today!

If you are interested in getting signed up for the PassTime integration or to learn more about the Omega Loan Management System, please contact the Megasys Sales Department at 800-927-4490 or email sales@megasys.net.

Customer Portal – Paperless Feature

Go Paperless!

Save time and money on postage and mailing

The Customer portal provides your customers a personalized self-service option and helps reduce customer service calls. Your customers can view their account information, payment history, complete payment transactions, submit messages, view, and upload documents, including documents that you make available to them through your Omega system.

Paperless feature:

Ability in the Customer Portal for your customers to turn on paperless documents and not receive paper mail.
New control within Omega Documents > Form Manager to allow the system to still create paper statements/documents for paperless Omega Customer Portal users or completely stop paper copies based on each document template’s setup in the Form Manager.

Get Started Today!

If you are interested in getting signed up for the Customer Portal or to learn more about the Omega Loan Management System, please contact the Megasys sales department at 800-927-4490 or email sales@megasys.net.

OmegaScan New Supported Area!

OmegaScan

Scan documents directly into the Omega Loan Management System from any PC!

OmegaScan Integration powered by Dynamic Web TWAIN

Since the release of OmegaScan this past fall, we have added the ability to scan documents within the following menus:

AP Voucher Entry – New!
Vendor Maintenance
Dealer Maintenance
Document Manager – includes option to move or link documents to a customer’s account

Scanning functionality is supported for TWAIN complaint devices using any mainstream browser (Chrome, Firefox, and Safari) on Windows, macOS, and Linux.

For current Omega subscribers, OmegaScan is a self-service feature. For pricing and activation, simply go to the Omega main menu, Setups -> Optional Features.

Get Started Today!

If you are interested to learn more about Omega, please contact the Megasys sales department at 800-927-4490 or email sales@megasys.net.

OmegaScan now supported in new areas!

OmegaScan

Scan documents directly into the Omega Loan Management System from any PC!

OmegaScan Integration powered by Dynamic Web TWAIN

Since the release of OmegaScan this past fall we have added the ability to scan documents within the following menus:

Vendor Maintenance
Dealer Maintenance
Document Manager – includes option to move or link documents to a customer’s account

Scanning functionality is supported for TWAIN complaint devices using any mainstream browser (Chrome, Firefox, and Safari) on Windows, macOS, and Linux.

For current Omega subscribers, OmegaScan is a self-service feature. For pricing and activation, simply go to the Omega main menu, Setups -> Optional Features.

Get Started Today!

If you are interested to learn more about Omega, please contact the Megasys sales department at 800-927-4490 or email sales@megasys.net.

Megasys – 2022 Reflection

2022 celebrated another successful year of Omega customer base growth. This past year we continued to add new features and enhancements to improve the Omega Loan Management System experience. The most notable major enhancements are expected for release early this year!

Notable features released in 2022:

OmegaScan – Allows users to scan documents directly into Omega from any PC.
Customer Portal Paperless Feature – Self-service option added for customers to turn on paperless option within their portal including various new controls within Omega.

Sneak preview on major feature releases coming soon!

OmegaAnalytics (beta released) – provides a user-friendly graphical interface to your Omega data to quickly create your own reports, charts, graphs and dashboards using real-time data from your Omega system.
OmegaSign (beta released) – works directly within your Omega Originations and Servicing systems to provide an out of the box eSignature and document vaulting solution.
Omega Application Portal (beta released)– provides an application portal for your customers to submit applications. Submitted applications will flow directly into Omega Originations for underwriting.
Recovery Database Network (RDN) integration (beta released) – allows users to create an RDN case within Omega View Account and the information will automatically create a case in RDN.
Omega Sub Accounts (beta released) – add and track other amounts owed by a customer within an existing account that does not affect the contractual balance of the account and does not incur interest. A later second phase will include other balance insurance functionality.
Paymentus integration (beta released) – offers Omega clients the ability to accept ACH, credit card, or debit card payments directly within Omega Servicing and the customer portal environment.
Repay integration – offers Omega clients the ability to accept ACH, credit card, or debit card payments directly within Omega Servicing and the customer portal environment. A second phase will allow users to instantly fund ACH payment requests for customers, vendors and dealers.

Megasys would like to extend a heartfelt thank you to our current customers and welcome our newest Omega customers that have helped shape our year.

We look forward to hosting our MegaBash celebration event in Long Beach, CA September 6-7, 2023. Save the Date!

If you are interested in learning more about the Omega Loan Management System, please contact us at 800-927-4490 or sales@megasys.net.

We’d love to hear from you!

Happy New Year!

New Integrated Scan Feature

OmegaScan

Scan documents directly into the Omega Loan Management System from any PC!

OmegaScan Integration powered by Dynamic Web TWAIN

Scan documents from any PC with your provided scanner and upload the file directly within Omega Originations application entry, Omega Servicing new account entry and view account.

Scanning functionality is supported for TWAIN complaint devices using any mainstream browser (Chrome, Firefox, and Safari) on Windows, macOS, and Linux.

For current Omega subscribers, OmegaScan is a self-service feature. For pricing and activation, simply go to the Omega main menu, Setups -> Optional Features.

Get Started Today!

If you are interested to learn more about Omega, please contact the Megasys sales department at 800-927-4490 or email sales@megasys.net.

New Customer Portal Paperless Feature

Go Paperless!

Save time and money on postage and mailing

The Customer Portal provides your customers with a personalized self-service option and helps reduce customer service calls. Your customers can view their account information and payment history. They can also complete payment transactions, submit messages, upload documents and view documents, including billing statements that you make available to them through your Omega system.

New Paperless features Added:

Ability in the Customer Portal for your customers to turn on paperless documents and not receive paper mail.
New control within Omega Documents > Form Manager to allow the system to still create paper statements/documents for paperless Omega Customer Portal users or completely stop paper copies based on each document template’s setup in the Form Manager.

Sign Up Today!

If you are interested to get signed up for the Customer Portal or learn more about the Omega Loan Management System, please contact the Megasys sales department at 800-927-4490 or email sales@megasys.net

Newly Released – Automated Dayends!

Automated Dayends is Now Available!

The automated dayend Omega base system feature is now available within the Scheduler Maintenance program.

Scheduler Maintenance Features:

Choose your frequency and time to automatically run your dayend process. Before or after job stream processes will automatically run as usual with the dayend when setup with the Scheduler.
View current activity for selected schedules
View recent history for selected schedules
Shows all processes for active schedules

Please visit the Omega Help center for instructions on how to setup your Job streams and dayend process on an automated schedule!

Please contact Megasys Support at support@megasys.net or 714-952-9554 if you have any questions.

New Automated Schedule Feature!

The new Omega base system feature automates manual Job Stream processes!

Schedule Maintenance Features:

Choose your frequency and time to automatically run up to 5 manual job stream processes
View current activity for selected schedules
View recent history for selected schedules
Shows all processes for active schedules

Watch for news coming soon of our next step-the ability to automate your dayends. The dayend portion of this feature is available for beta testing before full release.

Questions? Please contact Megasys Support at support@megasys.net or 714-952-9554. If you would like to be considered as a beta tester for the auto dayend feature please email Megasys Installations at installations@megasys.net.

Omega Customer Portal is now included with base system!

We are excited to announce the Omega Customer Portal is now included with the base system!

The Customer Portal provides your customers with a personalized self-service option and helps reduce customer service calls. Your customers can view their account information including payment history, complete payment transactions, submit messages and upload and/or view documents, including billing statements and other documents that you make available to them through your Omega system.

Several new features have been added to help you better manage, and allow your customers to self-service their accounts!

New self-service features:

PayNow feature – allows your customers to make a onetime immediate payment without needing to log into the portal (for ExpiTrans users only, at this time).
New Profile features – new options for your customers to add new or edit existing phone numbers in the portal.
Notify Me options for your customers to select their preferred notification method(s) (email, text, or both) when a new document is available for them in the portal.

New Omega controls and features:

New setting in Omega to manage your customers’ ability to edit or add new phone number(s) in the portal’s User Profile.
New payment amount settings to better control your customers’ pay options in the portal.
New task management controls to receive customer notifications from the portal.
Text-to-Pay – You can direct your customers to the portal via Omega Text-to-Pay. In your text template, you’ll need to include your portal URL. If you are a ExpiTrans subscriber, you can use a direct link to pay using the Omega Text-to-Pay via Pay Now URL (Other providers will be added at a future time).*

*texting within Omega requires an agreement with our integrated partner, Solutions by Text.

Contact Us Today

(800) 927-4490

sales@megasys.net

New Static Pool Analysis Reports!

Create your own static pools with our easy-to-use reports!

Omega can help your lending company manage risk to predict and prevent losses. Our new Static Pool feature includes three built-in reports that track long-term performance of groups of accounts entered in a given month, quarter, or year.

Key data measurements include number of accounts funded, current balance, and various loss statistics.

Static Pool Analysis Reports:

Static Loss – pools by month, quarter, or annually. Filter results by branch, class, dealer, and portfolio.
Loss Summary by Dealer – Similar to Static Loss, grouped by dealer.
Raw Data Report – Includes all data points in all periods and shows loss statistics by pool that includes values as of run date and each month end.

Static Pool Analysis Reports are included with all Omega system editions.

Questions?

Support 714-952-9554 or Sales 800-927-4490

New Customer Portal Features

Customer Portal:

The Omega Customer Portal provides your customers with personalized service. Customers can view their account information, complete payment transactions, submit messages, and view documents, including statements that you make available to them through your Omega system. With an open line of communication, you will boost customer satisfaction and reduce customer service calls.

Other Key Features:

Customize portal display for account, collateral and demographic information
Add company logo and background image for a personalized touch
Include or exclude accounts by admin and remark code status
Configure global and branch-level settings for contact us, payment consent, legal and privacy and terms and conditions statements

Sign Up Today

Contact Megasys Sales at 800-927-4490 to schedule a demo!

New Electronic Document Presentment

Attach Electronic Documents for Easy Viewing!

New Omega document options allow users to attach PDF documents generated by the Omega system to accounts. Attached documents are viewable within the View Account screen, and optionally via the Customer Portal and Dealer Portal. Documents are easily located by date, description or creator.

For questions, contact Megasys Support at 714-952-9554

MEGASYS PARTNERSHIP WITH DEALERTRACK EXPANDS TO INCLUDE LOS INTEGRATION

Megasys Partnership with Dealertrack expands to include LOS integration for faster loan decisions with auto dealers in addition to expedited Auto Title Management

ORANGE, Calif.—April 25, 2018 – Megasys, Inc., the leading provider of complete loan servicing systems for the consumer finance industry, announced today a new facet of their integral partnership with Dealertrack. The latest partnership integration quickens the indirect loan decisioning process with dealers utilizing Dealertrack’s industry-leading Credit Application Network solution.

Megasys already relied on Dealertrack to manage the Electronic Lien & Title (ELT) process for their lenders, where state mandates require both dealers and lenders adopt a fully digital titling solution between them and their governing DMV office. Megasys chose Dealertrack as their preferred ELT provider because of the ease of integration along with perfecting capabilities that speed the entire application-to-title process and lien/title management that helps mitigate fraud risk.

Now with the same ease of integration for the F&I portion of Lenders’ auto lending processes, the Omega Loan Origination System has improved service for their subprime automotive lenders by automating the credit application delivery and decision process to provide real-time approvals, declines and counter-offers back to dealers.

“The vast majority of dealers in the subprime finance industry use Dealertrack’s Credit Application Network,” said Theo Austin, President of Megasys, Inc. “We are excited to expand our partnership with such a trusted industry leader. This Dealertrack integration supports our growing customer demand to provide seamless integration to streamline the credit application process.”

“By integrating with Megasys’ Omega LOS, Dealertrack’s network of lenders can receive credit applications from their dealers in real time and return automated decisions – cutting down time consumers must spend in the F&I office,” said Cheryl Miller, Vice President & General Manager of F&I Solutions at Dealertrack, a Cox Automotive brand. “This drastically improves satisfaction with the entire buying process.”

For more information about Dealertrack, visit www.Dealertrack.com.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations. Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly, browser–based solution that streamlines account servicing operations through loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill down capability, making Omega the most complete package available for a consumer finance company. For more information please visit www.megasys.net .

About Dealertrack
Dealertrack is the leading provider of digital solutions to the automotive retail industry. Whether you’re a dealer, a lender, a manufacturer, or a state agency, our integrated and intuitive approach to products and services makes your workflows more efficient, transparent, and profitable. From our pioneering Digital Retailing tools—bridging the gap between the online and in-store experience—to our lender network (the largest in North America), Dealertrack is the only company helping enable the transformation of auto retailing. Dealertrack is a part of Cox Automotive. For more information please visit www.coxautoinc.com.

Official Release Article: http://www.prweb.com/releases/2018/04/prweb15438834.htm

OMEGA OFFERS SAME AS CASH CONTRACTS!

Omega now supports the capability to service Same as Cash contracts (also known as “SAC”) for direct and indirect loan types. This promotional feature allows a customer to avoid any interest charges if an account is paid off by a certain date.
Contact Megasys Support for details at 714-952-4490 or support@megasys.net