For All Corporations, Not Just Insurers
Unclaimed Property Audits: No Laughing Matter
In recent months, unclaimed property audits have resulted in multi-million dollar settlements. If you haven't heard, here's an objective legal summary you'll want to read. Audits can be disastrous---and because of recent settlements, many state government officials are expanding auditing staff to push even harder. If your compliance is in question, you may want to alert your compliance or legal department.
We have a solution. Our software and services work together to protect you from non-compliance penalties. Still learning about these unique reporting requirements? Unclaimed property includes items such as uncashed checks, unclaimed dividends, insurance benefits, security deposits, and overpayments that were never received by (or returned to) the owner. Read more about unclaimed property reporting.
There are several convenient paths to unclaimed property compliance, designed to meet every need.
- Outsource unclaimed property reporting to StoneRiver experts
- Install TRACKER® Unclaimed Property software on your network to streamline compliance
- Use TRACKER over the Internet as a hosted application (SaaS)
If you prefer to outsource unclaimed property reporting, simply submit your records to StoneRiver, and our experts will generate due diligence letters and state reports to thoroughly expedite your compliance.
If you choose TRACKER Unclaimed Property reporting software, it consolidates abandoned property records from multiple sources across your enterprise. The system simplifies your compliance with due diligence requirements, and generates all the necessary reports for state officials on time, with amazing accuracy.
Nearly 4,000 companies use TRACKER software to ensure compliance with state specific filing requirements.
Key Features
- Streamline the entire unclaimed property reporting process
- Put current reporting requirements for each state at your fingertips, so you don't have to monitor changes
- Provide wizards to guide you step-by-step through the filing process
- Import unclaimed property records from any source system with ease
- Automate the creation of search letters and documentation of due diligence activity
- Identify any errors, duplicate payments, and exemptions
- Notify you of critical reporting deadlines to prevent time-sensitive activities from being overlooked
- Produce accurate reports according to the specifications of each state
- Provide pre-approved formats for state reports to ensure compliance
- Generate checks/disbursements to accompany state reports
- Maintain a permanent audit trail and transaction log of all activities
- Forecast unclaimed property liability years in advance
- Provide user-defined reporting fields and a custom report writer to track unique reporting needs
Register today for a live, Web-based overview of TRACKER Unclaimed Property reporting software. Or, contact a StoneRiver representative for additional information
APECS
Abandoned Property Escheatment and Compliance System (APECS™) is now a StoneRiver compliance solution, and we are pleased to welcome APECS clients into our vibrant client community.