Property holders deserve more than just what is legally required. MarketSphere’s specialists evaluate each client’s needs to implement innovative strategies customized for their unique circumstances. This approach aims to achieve statutory compliance, save time and money, and reduce the adverse effects of unclaimed property on client businesses and their employees.
MarketSphere’s unclaimed property solutions are designed for organizations of all sizes and industries. With a collaborative, team-based approach, MarketSphere applies the right blend of skills to every client engagement. Whether a company needs to complement an in-house unclaimed property team or outsource all unclaimed property responsibilities, MarketSphere offers a precise level of service for each client’s needs.
Unclaimed property compliance differs in every organization, depending on the industry, property types, geographic location and other factors. MarketSphere’s experts know states’ unclaimed property laws inside and out, so they can efficiently manage unclaimed property obligations and provide dependable, long-term compliance.
MarketSphere’s approach to outsourcing provides flexible service options, allowing clients to concentrate on more strategic areas of their business. These outsourcing services include:
Every unclaimed property holder must follow state guidelines requiring outreach to property owners aimed at reunification. The process is complex and resource-intensive for in-house staff. Keeping up with ever-changing legislation, maintaining meticulous records of last-known owner contact and managing many responses are daunting. Any deviation from state-mandated rules increases the organization’s risk of noncompliance.
MarketSphere’s proven, time-tested due diligence services fulfill state statutes and reduce the administrative burden by:
Understanding and correctly applying allowable reporting exemptions can be challenging. Unfortunately, companies often fail to take advantage of exemptions, resulting in higher escheatment amounts than necessary. MarketSphere’s proprietary exemption analysis tool and proven process have reduced the amount some clients escheat to the states, positively impacting their bottom line.
MarketSphere’s exemption analysis tool:
Established businesses may raise audit red flags if they have never filed an unclaimed property report, have gaps in their reporting history, have underreported or excluded common industry property types, or have submitted incomplete or incorrect reports.
MarketSphere offers risk assessment solutions to: