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Escheat BOLO Contact P2 Energy Solutions, [email protected], for more information or for a demonstration. EMPOWERING THE PEOPLE WHO POWER THE WORLD Denver | Houston | San Antonio | Fort Worth | Calgary | Bogotá | London | Tunis | Dubai | Singapore | Perth | Bangkok www.P2energysolutions.com The intuitive Escheat module helps companies stay compliant at all times by automating unclaimed- property processes and eliminating time-consuming manual methods. Organizations are experiencing an increase in unclaimed property audits and collection efforts, stricter reporting requirements, and enforcement of shortened dormancy periods. It is labor-intensive and costly for companies to comply with the different requirements of each jurisdiction. Since disposition and reporting requirements frequently change, companies without an automated system must allocate personnel to monitor compliance changes and update in-house procedures. The Escheat module automates the compliance challenge for the U.S. and its jurisdictions, allowing users to capture all the due diligence regulations for each state and then scan outstanding revenue suspense to identify potential “Escheatable” owners. This enables the streamlining of unclaimed property processes, relieving users of cumbersome manual methods, and giving them a true real-time response to meet compliance demands. Benefits • Automatically pulls unpaid revenue owner detail meeting the statute requirements. • Updates the Unclaimed Property module. • Allows the user to keep track of the status of each owner. • Generates a report that the user can utilize for reporting the unclaimed property to the appropriate agency. Features • Defines company specific unpaid property information (system set-up). • Defines unique unclaimed property requirements per agency. • Evaluates owners to determine if they qualify as unclaimed property owners. • Tracks and manages the due diligence process. • Processes unclaimed property and generates the appropriate transactions.

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EscheatBOLO

Contact P2 Energy Solutions, [email protected], for more information or for a demonstration.

EMPOWERING THE PEOPLE WHO POWER THE WORLD

www.P2energysolutions.com

The intuitive Escheat module helps companies stay compliant at all times by automating unclaimed-property processes and eliminating time-consuming manual methods.

Organizations are experiencing an increase in unclaimed property audits and collection efforts, stricter reporting requirements, and enforcement of shortened dormancy periods. It is labor-intensive and costly for companies to comply with the different requirements of each jurisdiction. Since disposition and reporting requirements frequently change, companies without an automated system must allocate personnel to monitor compliance changes and update in-house procedures.

The Escheat module automates the compliance challenge for the U.S. and its jurisdictions, allowing users to capture all the due diligence regulations for each state and then scan outstanding revenue suspense to identify potential “Escheatable” owners. This enables the streamlining of unclaimed property processes, relieving users of cumbersome manual methods, and giving them a true real-time response to meet compliance demands.

Benefits

• Automatically pulls unpaid revenue owner detail meeting the statute requirements.

• Updates the Unclaimed Property module.

• Allows the user to keep track of the status of each owner.

• Generates a report that the user can utilize for reporting the unclaimed property to the appropriate agency.

Features

•Definescompanyspecificunpaidpropertyinformation (system set-up).

•Definesuniqueunclaimedpropertyrequirementsper agency.

• Evaluates owners to determine if they qualify as unclaimed property owners.

• Tracks and manages the due diligence process.

• Processes unclaimed property and generates the appropriate transactions.

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