Unclaimed Property Management
Chesapeake UPCS®
Chesapeake’s Unclaimed Property Compliance System (UPCS) automates the legally required but time-consuming processes related to the tracking, documentation and regulatory compliance elements of unclaimed property management. This includes property owner search letter generation, and follow-up for more than 100 types of unclaimed property. When you implement UPCS, you can expect:
More – control. UPCS maintains a permanent audit trail and transaction log of all activities. A powerful built-in report writer generates state-specific reports, both summary and detail, on all compliance activities. Additional tools help identify errors, duplicate payments, and available exemptions, providing further controls to ensure that your unclaimed property payments are accurate.
Better – compliance and workflow. UPCS comes with a database of statutory requirements for all 54 reporting districts built in. What’s more, Chesapeake continuously updates these requirements to help you stay in compliance. And automatic user notification of critical reporting deadlines helps ensure that time-sensitive activities do not “slip through the cracks.”
Faster – unclaimed property processing. Automating the generation of search letters, check disbursement, and follow up boosts productivity. Easy to use “wizards” lead users rapidly through the various functions. And UPCS includes a host of streamlining features, like bar coding to simplify tracking and processing of returned search letters, and a custom import tool that eliminates data reformatting.
Chesapeake UPCS – compliance simplified. To find
out more about the benefits that UPCS can deliver to your financial operations,
click the links below.
Click HERE to contact us or call 410-356-6805 for more information.