Sovos' Unclaimed Property (UP) Managed Service Solutions offer a comprehensive approach to managing and reporting unclaimed property for businesses. These solutions are designed to mitigate risks and uncertainties associated with unclaimed property management by providing tailored services that ensure compliance, efficient operations, and timely reporting. Sovos' team of experts and advanced systems integrate seamlessly with client operations, effectively extending their capabilities in handling unclaimed property matters. The company's approach is highly customized, taking into account each client's unique circumstances, including their current staffing levels, in-house expertise, budget constraints, and capacity for self-service. This personalized strategy allows Sovos to optimize the value of their services by striking a balance between the client's specific needs and the benefits derived from outsourcing unclaimed property management. By leveraging Sovos' expertise, businesses can stay ahead of the curve in terms of rapidly evolving state obligations related to unclaimed property. This proactive approach enables companies to focus on growth and innovation while ensuring compliance with complex unclaimed property regulations.

Key Features

Tailored Approach Sovos customizes its unclaimed property solutions to fit each client's unique needs and circumstances.

• Recommendations based on current staffing, expertise, budget, and self-service ability
• Maximizes value by balancing customer needs with outsourcing benefits

Comprehensive Services Sovos offers a full range of services to manage unclaimed property effectively.

• Compliance management
• Due diligence processes
• Reporting assistance

Expert Staff and Systems Sovos provides access to specialized knowledge and advanced technology.

• Acts as an extension of the client's team
• Utilizes sophisticated systems for efficient property management

Benefits

Risk Reduction Sovos helps minimize the risks associated with unclaimed property management.

• Ensures correct and timely reporting
• Keeps clients compliant with changing state obligations

Operational Efficiency By outsourcing to Sovos, businesses can streamline their unclaimed property processes.

• Relieves compliance, due diligence, and reporting burdens
• Allows companies to focus on core business activities

Expertise and Innovation Clients gain access to specialized knowledge and stay ahead of regulatory changes.

• Provides expertise needed for growth and innovation
• Keeps businesses updated on evolving state requirements