Addressing policies and procedures to create a solid foundation for your unclaimed property functions helps your organization:
- Save money
- Save staff time
- Prove your compliance effort
- Explain the big picture to leaders
- Preserve your company’s reputation
- Focus on more important business functions
- Prepare you for an audit and potentially improve results
- Integrate UP functions smoothly with other company processes
Tightening policies and procedures is one of the best ways to neutralize potential problems connected to unclaimed property—problems that can undermine your budget, corporate focus and reputation.