<PAGE>

-----------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                                    FORM 10-Q

(Mark One)

[X]           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1998

                                       OR

[ ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

            FOR THE TRANSITION PERIOD FROM __________ TO ___________

                        COMMISSION FILE NUMBER: 33-45417

                              THE BISYS GROUP, INC.

             (Exact name of registrant as specified in its charter)

          DELAWARE                                        13-3532663

(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                        Identification No.)


                    150 CLOVE ROAD, LITTLE FALLS, NEW JERSEY

                                      07424

                    (Address of principal executive offices)
                                   (Zip Code)

                                  973-812-8600

              (Registrant's telephone number, including area code)

INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING
THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS
REQUIRED TO FILE SUCH REPORT(S), AND (2) HAS BEEN SUBJECT TO SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS.

YES   X    NO 
     ---      ---

INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF
COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE:

            CLASS                        SHARES OUTSTANDING AT APRIL 30, 1998
--------------------------------         ------------------------------------


Common Stock, par value $.02 per share              26,647,902 

                        This document contains 14 pages.
                                              ----

-------------------------------------------------------------------------------

<PAGE>




                              THE BISYS GROUP, INC.

                               INDEX TO FORM 10-Q

<TABLE>
<CAPTION>

PART I.  FINANCIAL INFORMATION                                                                              PAGE
<S>                                                                                                        <C>
         Item 1.  Financial Statements

                   Condensed Consolidated Balance Sheet as of March 31, 1998
                        and June 30, 1997                                                                   3

                   Condensed Consolidated Statement of Operations for the three and nine
                        months ended March 31, 1998 and 1997                                                4

                   Condensed Consolidated Statement of Cash Flows for the nine months
                        ended March 31, 1998 and 1997                                                       5

                   Notes to Condensed Consolidated Financial Statements                                     6


         Item 2.  Management's Discussion and Analysis of Results of Operations and                         9
                  Financial Condition



PART II.  OTHER INFORMATION                                                                                11

           Item 6.  Exhibits and Reports on Form 8-K                                                       12

SIGNATURES                                                                                                 13

EXHIBIT INDEX                                                                                              14

</TABLE>


                                       2
<PAGE>


<TABLE>
<CAPTION>

                                                                  PART I

                                                       ITEM 1. FINANCIAL STATEMENTS

                                                  THE BISYS GROUP, INC. AND SUBSIDIARIES
                                                   CONDENSED CONSOLIDATED BALANCE SHEET
                                              (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
                                                               (UNAUDITED)

                                                                                    March 31,               June 30,
                                                                                      1998                    1997
                                                                                ------------------     -------------------
ASSETS
<S>                                                                                  <C>                   <C>
Current assets:
  Cash and cash equivalents                                                           $   116,168           $      79,951
  Accounts receivable, net                                                                 70,521                  59,987
  Deferred tax asset                                                                        5,760                   5,083
  Prepaid expenses and other                                                                7,426                   6,980
                                                                                      -----------            ------------
     Total current assets                                                                 199,875                 152,001
Property and equipment, net                                                                35,900                  32,111
Intangible assets, net                                                                     75,800                  75,719
Other assets                                                                               13,397                   5,254
                                                                                      -----------            ------------
     Total assets                                                                     $   324,972            $    265,085
                                                                                      ===========            ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
  Accounts payable                                                                    $    10,107            $      6,673
  Other current liabilities                                                                79,238                  57,687
                                                                                      -----------            ------------
     Total current liabilities                                                             89,345                  64,360
Long-term debt                                                                              1,599                   1,585
Deferred tax liability                                                                      9,851                   6,860
Other liabilities                                                                           1,125                     361
                                                                                      -----------            ------------
     Total liabilities                                                                    101,920                  73,166
                                                                                      -----------            ------------
Stockholders' equity:
  Common stock, $.02 par value, 80,000,000 shares authorized,
  26,439,698 and 25,235,288 shares issued and outstanding, respectively                       529                     505
  Additional paid-in capital                                                              166,384                 153,775
  Retained earnings                                                                        56,139                  37,639
                                                                                      -----------            -------------
     Total stockholders' equity                                                           223,052                 191,919
                                                                                      -----------            ------------
     Total liabilities and stockholders' equity                                       $   324,972            $    265,085
                                                                                      ===========            ============
</TABLE>







The accompanying notes are an integral part of the condensed consolidated
financial statements.



                                       3
<PAGE>


<TABLE>
<CAPTION>

                                                  THE BISYS GROUP, INC. AND SUBSIDIARIES
                                              CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                                  (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                                               (UNAUDITED)

                                                  Three Months Ended                          Nine Months Ended
                                                       March 31,                                  March 31,
                                       ------------------------------------------ -------------------------------------------
                                               1998                 1997                  1998                  1997
                                               ----                 ----                  ----                  ----
<S>                                        <C>                  <C>                    <C>                   <C>
Revenues                                      $      98,951       $       83,961         $     281,844        $      231,153
                                              -------------       --------------         -------------        --------------
Operating costs and expenses:
  Service and operating                              56,251               44,586               164,140               125,383
  General and administrative                         13,873               13,809                43,451                40,564
  Selling and conversion                              4,195                3,098                12,729                 9,063
  Research and development                            2,875                2,491                 8,600                 7,621
  Amortization of intangible assets                     965                  886                 2,744                 2,724
  Merger expenses and other charges                       -                1,500                11,998                 1,500
                                              -------------       --------------         -------------        --------------
Operating earnings                                   20,792               17,591                38,182                44,298
Interest income, net                                  1,428                  665                 3,478                 1,662
                                              -------------       --------------         -------------        --------------
Earnings before income tax provision                 22,220               18,256                41,660                45,960
Income tax provision                                  8,888                7,304                16,691                18,385
                                              -------------       --------------         -------------        --------------
Net earnings                                 $       13,332       $       10,952         $      24,969        $       27,575
                                             ==============       ==============         =============        ==============

Basic earnings per share                     $         0.51       $         0.44         $        0.95        $         1.10
                                             ==============       ==============         =============        ==============

Diluted earnings per share                   $         0.49       $         0.42         $        0.92        $         1.05
                                             ==============       ==============         =============        ==============
</TABLE>














The accompanying notes are an integral part of the condensed consolidated
financial statements.



                                       4
<PAGE>


<TABLE>
<CAPTION>

                                                  THE BISYS GROUP, INC. AND SUBSIDIARIES
                                              CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                                              (IN THOUSANDS)
                                                               (UNAUDITED)

                                                                                                     Nine Months Ended
                                                                                                         March 31,
                                                                                        ------------------------------------------
                                                                                               1998                  1997
                                                                                               ----                  ----

Cash flows from operating activities:
<S>                                                                                    <C>                      <C>
Net earnings                                                                              $   24,969              $  27,575
Adjustments to reconcile net earnings to net cash provided by operating
  activities:
  Depreciation and amortization                                                               10,795                  8,651
  Loss on disposition or write-down of property and equipment                                  2,507                      -
  Deferred income tax provision                                                                2,314                  7,573
  Change in operating assets and liabilities, net of effects from acquisitions                 9,880                (21,632)
                                                                                          ----------              ---------
Net cash provided by operating activities                                                     50,465                 22,167
                                                                                          ----------              ---------
Cash flows from investing activities:
  Net cash acquired in acquisitions                                                            1,490                      -
  Capital expenditures                                                                       (13,149)               (12,763)
  Proceeds from sales of investments                                                           1,203                  3,000
  Purchase of investments                                                                     (6,515)                (3,000)
  Proceeds from sale of business                                                                   -                  3,827
  Purchase of intangible assets                                                               (1,564)                     -
  Other                                                                                          583                    453
                                                                                          ----------              ---------
Net cash used in investing activities                                                        (17,952)                (8,483)
                                                                                          ----------              ---------

Cash flows from financing activities:

  Repayment of debt                                                                           (2,115)                  (271)
  Proceeds from exercise of stock options                                                      4,450                  3,790
  Issuance of common stock                                                                     1,369                  1,079
                                                                                          ----------              ---------
Net cash provided by financing activities                                                      3,704                  4,598
                                                                                          ----------              ---------

Net increase in cash and cash equivalents                                                     36,217                 18,282

Cash and cash equivalents at beginning of period                                              79,951                 39,284
                                                                                          ----------              ---------

Cash and cash equivalents at end of period                                                $  116,168              $  57,566
                                                                                          ==========              =========
</TABLE>









The accompanying notes are an integral part of the condensed consolidated
financial statements.



                                       5
<PAGE>


                     THE BISYS GROUP, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                                   (UNAUDITED)

1.         THE COMPANY

           The BISYS(R) Group, Inc. and subsidiaries (the "Company") is a
           leading national provider of outsourcing solutions to and through
           financial organizations.

           The condensed consolidated financial statements include the accounts
           of The BISYS Group, Inc. and its subsidiaries and have been prepared
           consistent with the accounting policies reflected in the 1997 Annual
           Report on Form 10-K filed with the Securities and Exchange Commission
           and should be read in conjunction therewith. The condensed
           consolidated financial statements include all adjustments (consisting
           only of normal recurring adjustments) which are, in the opinion of
           management, necessary to present fairly this information.

2.         USE OF ESTIMATES

           The preparation of financial statements in conformity with generally
           accepted accounting principles requires management to make certain
           estimates and assumptions that affect the reported amounts of assets
           and liabilities and disclosure of contingent assets and liabilities
           at the date of the financial statements and the reported amounts of
           revenue and expenses during the reporting period. The most
           significant estimates are related to the allowance for doubtful
           accounts, intangible assets, merger expenses and other charges,
           income taxes and contingencies. Actual results could differ from
           these estimates in the near term.

3.         EARNINGS PER SHARE

           The Company has adopted FAS 128, "Earnings Per Share", in the second
           quarter of fiscal year 1998 and has restated earnings per share
           computed under the provisions of FAS 128 for all periods presented.
           FAS 128 supersedes APB 15, "Earnings Per Share", and changes the
           computation of earnings per share (EPS) by replacing the "primary"
           EPS requirements of APB 15 with a "basic" EPS computation based upon
           weighted average shares outstanding. It also requires dual
           presentation of basic and diluted EPS on the face of the income
           statement for all entities with complex capital structures.

           Basic and diluted EPS computations for the three months and nine
           months ended March 31, 1998 and 1997 are as follows (in thousands,
           except per share amounts):

<TABLE>
<CAPTION>

                                                        Three Months Ended                          Nine Months Ended
                                                             March 31,                                  March 31,
                                             ------------------------------------------ -------------------------------------------
                                                          1998                 1997                  1998                  1997
                                                          ----                 ----                  ----                  ----

BASIC EPS
<S>                                                    <C>                  <C>                     <C>                 <C>
Net earnings                                           $   13,332            $  10,952            $   24,969            $   27,575
                                                       ==========            =========            ==========            ==========

Weighted average common shares 
outstanding                                                26,374               25,118                26,227                24,995
                                                       ==========            =========            ==========            ==========

Basic EPS                                              $     0.51            $    0.44            $     0.95            $     1.10
                                                       ==========            =========            ==========            ==========
</TABLE>




                                       6
<PAGE>


<TABLE>
<CAPTION>

                                                           Three Months Ended                          Nine Months Ended
                                                                March 31,                                  March 31,
                                              ------------------------------------------ ----------------------------------------
                                                        1998                 1997                  1998                  1997
                                                        ----                 ----                  ----                  ----

DILUTED EPS
<S>                                               <C>                   <C>                      <C>                  <C>
Net earnings                                          $   13,332          $    10,952            $   24,969            $   27,575
                                                      ==========          ===========            ==========            ==========

Weighted average common shares 
outstanding                                               26,374               25,118                26,227                24,995

Assumed conversion of common shares 
issuable under stock option plans                            994                1,119                 1,021                 1,196
                                                      ----------          -----------            ----------            ----------

Weighted average common and common 
equivalent shares outstanding                             27,368               26,237                27,248                26,191
                                                      ==========          ===========            ==========            ==========

Diluted EPS                                           $     0.49          $      0.42            $     0.92            $     1.05
                                                      ==========          ===========            ==========            ==========
</TABLE>


           Options to purchase 985,000 shares of common stock at various prices
           ranging from $36.50 to $39.00 were outstanding at March 31, 1998, but
           were not included in the computation of diluted EPS because the
           options' exercise price was greater than the average market price of
           common shares.

4.         BUSINESS COMBINATIONS

           On August 15, 1997, the Company merged with Charter Systems, Inc.
           (Charter) by exchanging 588,945 shares of BISYS common stock and
           258,605 of BISYS equivalent stock options for all the outstanding
           shares and stock options of Charter.

           On August 29, 1997, the Company merged with Dascit/White & Winston
           and affiliated companies (DWW) by exchanging 134,396 shares of BISYS
           common stock for all the outstanding stock of DWW.

           On September 16, 1997 the Company merged with Benefit Services, Inc.
           (BSI) by exchanging 71,448 shares of BISYS common stock for all the
           outstanding shares of BSI.

           The acquisitions of Charter, DWW and BSI have been accounted for as
           poolings of interest, although historical financial statements have
           not been restated due to immateriality. The acquired companies'
           results of operations have been included in BISYS' results of
           operations effective July 1, 1997. Total stockholders equity at July
           1, 1997 decreased $1.9 million due to the impact of the acquisitions.
           The Company incurred a pre-tax charge of $5,263,000 during the nine
           months ended March 31, 1998 for costs associated with these mergers.
           The components of the charges are as follows:

<TABLE>
<CAPTION>

<S>                                                                                   <C>
                     Merger transaction expenses (legal and financial)                 $     1,805,000
                     Compensation related                                                    1,475,000
                     Facilities related                                                      1,100,000
                     Other                                                                     883,000
                                                                                       ---------------
                                                                                       $     5,263,000
                                                                                       ===============
</TABLE>



                                       7
<PAGE>


5.         REALIGNMENT CHARGE

           During the nine months ended March 31, 1998, the Company incurred a
           pre-tax charge of $6,735,000 to realign operations primarily in
           conjunction with a client of the Company's Fund Services division
           terminating its distribution and administrative agreements effective
           September 1997. The components of the charge are as follows:

<TABLE>
<CAPTION>

<S>                                          <C>
                Compensation related          $2,247,000
                Facilities related             2,016,000
                Systems related                1,752,000
                Other                            720,000
                                            ------------
                                              $6,735,000
                                            ============

</TABLE>

6.         COMMITMENTS

           In March 1998, the Company entered into an agreement requiring the
           Company to make future payments in exchange for the right to resell
           computer software user licenses. In addition, the Company committed
           to pay an annual support fee based on the actual number of user
           licenses resold. The future payments are as follows for the fiscal
           years ended June 30:

<TABLE>
<CAPTION>

<S>                                                         <C>
                             1999                          $1,000,000
                             2000                           3,000,000
                             2001                          11,500,000
                                                           ----------
                                                          $15,500,000
                                                           ==========
</TABLE>


                                       8
<PAGE>



ITEM 2.             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The Company provides outsourcing solutions to and through financial
organizations which is reported as a single segment. The operating margins for
each business unit of the Company are not significantly different. The following
table presents the percentage of revenues represented by each item in the
Company's condensed consolidated statement of operations for the periods
indicated:

<TABLE>
<CAPTION>

                                                       Three Months Ended                          Nine Months Ended
                                                            March 31,                                  March 31,
                                            ------------------------------------------ -------------------------------------------
                                                    1998                 1997                  1998                  1997
                                                    ----                 ----                  ----                  ----
Revenues                                            100.0%               100.0%                100.0%                100.0%
                                                 ---------            ---------             ---------             ---------

Operating costs and expenses:
<S>                                               <C>                 <C>                    <C>                  <C>
  Service and operating                              56.9                  53.1                 58.2                 54.2
  General and administrative                         14.0                  16.4                 15.4                 17.6
  Selling and conversion                              4.2                   3.7                  4.5                  3.9
  Research and development                            2.9                   3.0                  3.0                  3.3
  Amortization of intangible assets                   1.0                   1.1                  1.0                  1.2
  Merger expenses and other charges                     -                   1.8                  4.3                  0.6
                                               ----------            ----------           ----------           ----------
Operating earnings                                   21.0                  20.9                 13.6                 19.2
Interest income, net                                  1.4                   0.8                  1.2                  0.7
                                               ----------            ----------           ----------           ----------
Earnings before income tax provision                 22.4                  21.7                 14.8                 19.9
Income tax provision                                  9.0                   8.7                  5.9                  8.0
                                               ----------            ----------           ----------          -----------
Net earnings                                         13.4%                 13.0%                 8.9%                11.9%
                                               ==========            ==========           ==========          ===========
</TABLE>


COMPARISON OF THE THREE MONTHS ENDED MARCH 31, 1998 WITH THE THREE MONTHS ENDED
MARCH 31, 1997.

         Revenues increased 17.9% from $84.0 million for the three months ended
         March 31, 1997 to $99.0 million for the three months ended March 31,
         1998. This growth was derived from sales to new clients, existing
         client growth, cross sales to existing clients and revenues from
         acquired businesses, partially offset by lost business.

         Service and operating expenses increased 26.2% from $44.6 million
         during the three months ended March 31, 1997 to $56.3 million for three
         months ended March 31, 1998, and increased as a percentage of revenues
         from 53.1% to 56.9%. These increases resulted from additional costs
         associated with greater revenues.

         General and administrative expenses increased 0.5% from $13.8 million
         during the three months ended March 31, 1997, to $13.9 million for the
         three months ended March 31, 1998, and decreased as a percentage of
         revenues from 16.4% to 14.0%. The decrease as a percentage of revenues
         resulted from further utilization of existing general and
         administrative support resources.

         During the three months ended March 31, 1997, the Company incurred an
         additional commission charge of $1.5 million as a result of increased
         mutual fund assets serviced pursuant to the alliance with the mutual
         fund division of Furman Selz, LLC.

         Operating earnings increased 18.2% from $17.6 million during the three
         months ended March 31, 1997 to $20.8 million for the three months ended
         March 31, 1998, and remained relatively flat as a percentage of
         revenues from 20.9% to 21.0%.

         Interest income was $0.8 million greater for the three months ended
         March 31, 1998 compared to the same period in the prior fiscal year due
         to higher levels of invested cash and cash equivalents.

         The income tax provision of $8.9 million for the three months ended
         March 31, 1998 increased from $7.3 million for the three months ended
         March 31, 1997 primarily due to higher taxable income. The provision
         represents an effective tax rate of 40% for both periods.



                                       9
<PAGE>



COMPARISON OF THE NINE MONTHS ENDED MARCH 31, 1998 WITH THE NINE MONTHS ENDED
MARCH 31, 1997.

           Revenues increased 21.9% from $231.2 million for the nine months
           ended March 31, 1997 to $281.8 million for the nine months ended
           March 31, 1998. This revenue growth was derived from sales to new
           clients, existing client growth, cross sales to existing clients and
           revenues from acquired businesses, partially offset by lost business.

           Service and operating expenses increased 30.9% from $125.4 million
           during the nine months ended March 31, 1997 to $164.1 million for the
           nine months ended March 31, 1998, and increased as a percentage of
           revenues from 54.2% to 58.2%. These increases resulted from
           additional costs associated with greater revenues.

           General and administrative expenses increased 7.1% from $40.6 million
           during the nine months ended March 31, 1997 to $43.5 million for the
           nine months ended March 31, 1998, and decreased as a percentage of
           revenues from 17.6% to 15.4%. The dollar increase resulted from
           additional costs associated with greater revenues. The decrease as a
           percentage of revenues resulted from further utilization of existing
           general and administrative support resources.

           Operating earnings of $38.2 million for the nine months ended March
           31, 1998 decreased from $44.3 million for the nine months ended March
           31, 1997, and decreased as a percentage of revenues from 19.2% to
           13.6%. The decrease in operating earnings resulted primarily from one
           time charges of $5.3 million in connection with three acquisitions
           consummated during the fiscal first quarter ended September 30, 1997
           and a $6.7 million charge to realign operations.

           Interest income was $3.5 million for the nine months ended March 31,
           1998 compared to $1.7 million for the nine months ended March 31,
           1997 due to higher levels of invested cash and cash equivalents.

           The income tax provision of $16.7 million for the nine months ended
           March 31, 1998 decreased from $18.4 million for the nine months ended
           March 31, 1997. The provision represents an effective tax rate of 40%
           for both periods.

LIQUIDITY AND CAPITAL RESOURCES

           At March 31, 1998, the Company had cash and cash equivalents of
           $116.2 million and working capital of approximately $110.5 million.
           The Company has been able to finance its cash requirements through
           its cash flows from operations. At March 31, 1998, the Company had
           $0.1 million outstanding in the form of letters of credit. The
           interest rate on other outstanding long-term borrowings of $1.6
           million at March 31, 1998 was 7.75%.

           For the nine months ended March 31, 1998, operating activities
           provided cash of $50.5 million. Investing activities used cash of
           $18.0 million primarily for capital expenditures of $13.1 million and
           investments of $6.5 million, offset by cash acquired in acquisitions
           of $1.5 million and proceeds from sale of investments of $1.2
           million. Financing activities provided cash of $3.7 million from
           proceeds of $4.5 million from the exercise of stock options and $1.4
           million from the issuance of common stock, offset by repayment of
           debt acquired in a merger of $2.1 million.

MERGER EXPENSES AND OTHER CHARGES

           In connection with the acquisitions of Charter, DWW and BSI, the
           Company recorded transaction-related charges of $5,263,000 during the
           three months ended September 30, 1997. Additionally, the Company
           incurred a one time charge of $6,735,000 to realign operations
           primarily in connection with a client of the Company's Fund Services
           division terminating its distribution and administrative agreements
           effective September 1997.

           At March 31, 1998, approximately $4.9 million of costs to integrate
           new operations arising from prior acquisitions and costs relating to
           the realignment of certain operations are included in accrued
           liabilities on the accompanying balance sheet. Approximately $2.7
           million of such expenses were paid during the three months ended
           March 31, 1998.

           It is anticipated that the actions to realign and integrate the
           aforementioned operations will be substantially completed by June 30,
           1998.


                                       10
<PAGE>

YEAR - 2000

           The Company has and will continue to make certain investments in its
           software systems and applications to ensure the Company is year-2000
           compliant. The Company has formed a steering committee which has
           developed a comprehensive year-2000 compliance plan with an
           anticipated completion date for remediation efforts of December 31,
           1998. The financial impact to the Company has not been and is not
           anticipated to be material to its financial position or results of
           operations in any given year.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

           Except for the historical information contained herein, the matters
           discussed in this quarterly report are forward-looking statements
           which involve risks and uncertainties, including but not limited to
           economic, competitive, governmental and technological factors
           affecting the Company's operations, markets, services and related
           products, prices, and other factors discussed in the Company's prior
           filings with the Securities and Exchange Commission. Although the
           Company believes that the assumptions underlying the forward-looking
           statements contained herein are reasonable, any of the assumptions
           could be inaccurate. Therefore, there can be no assurance that the
           forward-looking statements included in this quarterly report will
           prove to be accurate. In light of the significant uncertainties
           inherent in the forward-looking statements included herein, the
           inclusion of such information should not be regarded as a
           representation by the Company or any other person that the objectives
           and plans of the Company will be achieved.



                                       11
<PAGE>



                                     PART II

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

           (A)    EXHIBITS

                  None

           (B)    REPORTS ON FORM 8-K

                  None

















                                       12
<PAGE>



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                              THE BISYS GROUP, INC.




Date: May 15, 1998                            By:   /s/ Dennis R. Sheehan
     -----------------------                     -----------------------------
                                              Dennis R. Sheehan
                                              Executive Vice President and Chief
                                                Financial Officer
                                              (Duly Authorized Officer)











                                       13
<PAGE>


<TABLE>
<CAPTION>

                              THE BISYS GROUP, INC.
                                  EXHIBIT INDEX


EXHIBIT NO.                   DESCRIPTION                         PAGE
<S>           <C>                                           <C>
27.1   Financial Data Schedule..............................(electronic only)

27.2   Financial Data Schedule..............................(electronic only)

27.3   Financial Data Schedule..............................(electronic only)

27.4   Financial Data Schedule..............................(electronic only)

27.5   Financial Data Schedule..............................(electronic only)

27.6   Financial Data Schedule..............................(electronic only)

27.7   Financial Data Schedule..............................(electronic only)
</TABLE>