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Addressing Escheatment Functionality and Reporting for Unclaimed Property in Cloud ERP

Businesses have a legal duty to notify customers that they are holding unclaimed property. In addition, the company is required to file an annual report and remit unclaimed funds to the state. This process is cumbersome, manually intensive, and requirements vary by state.

In today’s world, we are seeing the importance of real-time data and the digital transformation happening in finance organizations. Modern ERP technology helps capture and record transactions more real-time, but it has not streamlined nor provided out-of-the-box functionality to address the complicated escheatment process.

Join to hear from an expert at The Hackett Group as he covers:
• Utilizing existing data and building standard processes in the ERP to help define a streamlined standard operating procedure (SOP) for escheatment
• Providing the auditability needed for reporting
• Streamlining a solution with minimal complex customizations

Jun 8, 2022 01:00 PM in Eastern Time (US and Canada)