Gila Corporation Achieves SAS 70 Type II Certification

Gila Corporation, a nationwide leader in receivables management and business process outsourcing solutions, today announced the successful completion of the Statement on Auditing Standards No. 70 (SAS 70) Type II certification. Through this intense certification process, the Company’s technology platform and operational processes are tested and must adhere to strict industry standards, as verified by an independent auditor. This certification provides customers with the assurance that their data is properly managed and in compliance with the best practices in the industry.  

Gila Corporation serves the government sector through its Municipal Services Bureau (MSB) business unit and the financial services sector through its Gila Group division.

"With the completion of this SAS 70 audit, our clients are assured that we have the appropriate controls in place to meet the strict security standards they demand and deserve. Our customers expect a higher level of service from us and, in today’s competitive environment, we consider this SAS 70 certification an independent seal of approval," said Patrick J. Swanick, Chief Executive Officer of Gila Corporation. “We’re delighted to share our SAS 70 certification report with our clients and prospects, as another example of our firm’s professional credentials.”
 
A SAS 70 certification is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers’ auditors in a uniform reporting format.  The SAS 70 audit requires a thorough examination of the design of internal controls and business operations by an independent third party, comprised of Certified Public Accountants.

The issuance of the auditor’s report, prepared in accordance with SAS 70 guidelines, certifies that a service organization has had its control objectives and activities examined by an independent accounting and auditing firm.  The auditor’s report, which includes the service auditor’s opinion, is issued to the firm at the conclusion of the in-depth SAS 70 examination.

Earlier this year, the Company received the Professional Practices Management System (PPMS) certification from ACA International, the Association of Credit and Collections Professionals.  “With the SAS 70 and PPMS certifications, our clients can count on us for consistent and predictable performance, applying the highest levels of integrity and business ethics, as we carry out our duties on their behalf,” Swanick added.

About Gila Corporation
Founded in 1991, Gila Corporation is a leading nationwide provider of receivables management and business process outsourcing solutions. Headquartered in Austin, Texas, the Company offers outsourced collections, payment processing and call center services to governmental entities, financial services clients and higher education institutions across the country.  Through its strategic business units, Municipal Services Bureau (MSB) and Gila Group, the Corporation empowers more than 320 talented employees with advanced technology, data management tools, and leading edge business practices to exceed the expectations of its clients. MSB collects delinquent court fines, fees and debts for a wide variety of governmental entities. Gila Group specializes in outsourced collections and customer service functions for financial institutions.

Gila Corporation distinguishes itself based on its Experience, Execution, and Ethics. They have also achieved ACA International’s Professional Practices Management System (PPMS) certification. Currently less than 1% of the more than 6000 collection agencies provide the benefits of this certification to their Clients.  For more information, please visit www.GilaCorp.com or call # 1-800-568-7004.