Unclaimed Property

Unclaimed property due diligence doesn’t have to consume all of your organization’s time and energy – and can actually be beneficial to your enterprise.

Almost all jurisdictions that collect unclaimed property requires holders to first attempt to contact the rightful owner before reporting the property, and it’s actually a good business practice to perform due diligence regardless of the statutory requirement.

Have you been able to keep track of the latest specific requirements for the jurisdictions your organization reports to accurately? We can manage the rules and deadlines for each one for you.

Trintech’s Unclaimed Property Compliance System® (UPCS) automates the escheatment process from start to finish, saving time and eliminating errors, noncompliance, and opportunities for fraud. When producing search letters with UPCS, the process is made as painless as possible with standard content as well as options for customization already included for each jurisdiction. Thousands of letters can be automatically generated, scheduled, and tracked for deliverability and responses significantly reducing the time required from your employees, especially when compared to manual methods.

Data Management & Reporting

Your unclaimed property data can be imported from any source, and each record will be automatically evaluated to determine the potential owner, applicable jurisdiction, reporting requirements, and any other applicable jurisdictional rules.

Search Letter Generation & Management

To make the search letter generation process as painless as possible, standard letter content, with options for customization, is included for each jurisdiction and thousands of letters can be generated and scheduled in a matter of minutes. Once dispatched, the deliverability, responses, and required follow-on actions are tracked and scheduled, making this process much more compliant and less time-consuming than manual methods.

Exemption Identification

Property that is exempt from unclaimed property laws in each jurisdiction is automatically recognized at the time of state report creation and due diligence is not performed on exceptions. Thus, you can eliminate any errors, wasted time, or confusion when it comes to keeping property that rightfully belongs to your company. UPCS identifies all jurisdictional exemptions, including gift cards, business to business payments, payroll, etc.

Featured Case Study

Case Study

G6 Hospitality

G6 Hospitality struggled significantly with error prone, manual processes that delayed identifying exceptions and reporting; exposing the company to annual write-offs averaging $1.5 million. Since implementing Trintech’s reconciliation solution, G6 Hospitality has achieved significant ROI. Learn more...

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