Unclaimed Property

The Unclaimed Property (UP) module provides efficient and automated handling of unclaimed payments. Such items as Capital Credits, Accounts Payable, and Payroll checks are managed appropriately within the system. Utility and membership deposits can also be included in this module. Unclaimed Property is fully integrated with the General Ledger, Cash Manager and all other applicable modules. This subsidiary ledger provides a complete audit trail in managing these obligations through transaction history. Security enabled users also have the ability to manage the unclaimed property by using the “Send to State” or “Apply to Billing” functions. As required, the user may also transfer selected unclaimed property to paid-in capital.

Unclaimed Property Delivers:

Claimant Maintenance

On demand processing of uncashed Capital Credits, Payroll and Accounts Payable checks - with transactions seamlessly entered into General Ledger.
Transaction entry screen available for adjustments.
On demand processing of service charges applicable per check or claimant ID, with transactions seamlessly entered into General Ledger.
On demand processing of applying unclaimed property to billing application - with transactions seamlessly entered into General Ledger.
On demand processing of “Sent to State”.
Claimant inquiry that summarizes all unclaimed property information, including status of property, dates and transactional history.