SAS 70 Type II Audit Enhances The Proprietary Premium Finance System of Automated Installment Systems, Inc. (AIS) For Client-Owned/Captive Premium Finance Companies

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 12, 2010 -- Saint Louis, MO and Orange, CA - Automated Installment Systems, Inc. (AIS - The First Name In "Own Your Own"® Premium Financing)(www.automatedinstallment.com) announced it has again successfully completed the Statement on Auditing Standards No. 70 (SAS 70) Type II audit of the controls of AIS as they relate to the processing of premium finance payments, most recently for the period 1/1/2009 - 12/31/2009.

This is the sixth (6th) consecutive year for the Type II audit for AIS and it further demonstrates AIS's commitment to provide advanced data management and third party administration services to its clients as measured against the highest standards for service delivery, for client-owned, captive, premium finance companies. The audit included the data center space and operations at 955 Executive Parkway, Suite 106, Saint Louis, Missouri and at 500 North State College Blvd., suite 1100, Orange, California.

SAS Type II audit confirms AIS controls for processing of premium finance payments

As value added for its clients, AIS continues to undergo the annual Type II audit which confirms that AIS's controls as they relate to the processing of premium finance payments have been reviewed and tested by an independent certified public accounting firm in accordance with standards established by the American Institute of Certified Public Accountants to validate that controls have been suitably designed to achieve the control objectives specified and are operating effectively.

SAS 70 Type II audit is value added and validation for AIS customers and their auditors

"AIS's annual SAS 70 Type II audit is one of the more important investments we make to keep our clients on the cutting edge of technology," said Thomas Michael (Mike) Wood, AIS Chairman. "AIS is committed to continuous improvement of the quality and capabilities of our proprietary "Epitome"® System. We provide our clients with highest levels of security and reliability in our cutting edge technology data center and processes. These operational levels are essential for businesses dealing with Sarbanes-Oxley and other industry or regulatory compliance requirements. We know of no other third party administrator for client-owned, captive, premium finance companies that undergoes an annual SAS Type II audit," Wood said. ""By our achieving and maintaining the SAS 70 certification AIS is unique in its ability to provide client-owned premium finance companies the added value and validation that they and their auditors truly need from a premium finance company third party administrator."

About AIS

AIS, headquartered in St. Louis, MO, is the leader in client-owned, "Own Your Own"®, insurance premium financing company development, management and third party administration. AIS originated the concept of outsourced services for premium financing in the early 1980's. Read More @ http://www.automatedinstallment.com/

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