Solutions

Today, the location and recovery of post-escheat corporate unclaimed property assets is a labor intensive and complex process that often results in only a fraction of available assets being recovered. Companies are limited by resources, technology and experience in their quest to recover the unclaimed funds that rightfully belong to them.  The current internet-based search tools provided by federal, state and local unclaimed property administration agencies are often inefficient, uninformative and often don’t provide accurate or comprehensive results. For these reasons, billions of dollars of unclaimed assets remain in the custody of these agencies.

To aid our clients in recovering what rightfully belongs to them, Boomerang Asset Recovery utilizes proprietary (APL) technology solutions that are capable of quickly locating large volumes of unclaimed property with a single automated search effort.  This results in the efficient location of corporate unclaimed property assets that otherwise would continue to remain unclaimed. For large conglomerates with corporate name and address lineage consisting of thousands of distinct business name and address criteria, our service provides a dramatic time and money savings solution with a guaranteed return on investment.

Boomerang's Proven Process

› Database Aggregation
Boomerang regularly acquires and aggregates scores of state and federal unclaimed property databases to create one master searchable database.

›Corporate Lineage Research
Many corporations are likely to have an extensive list of current and former business entities that have unclaimed property assets. Our extensive research sources ensure every potential current and former business name and address is included in our search criteria.

› Automated Property Locator (APL)
Unclaimed property assets containing data anomalies are extremely difficult and nearly impossible to locate by manually searching individual unclaimed property web sites. Boomerang’s unclaimed property location process is automated and will identify all property containing data anomalies in a matter of minutes. The benefit of the (APL) is the ability to “match” unclaimed property items that contain misspellings and other common data anomalies like:

» Acronyms - (BONY = Bank of New York)
» Abbreviations (Intl Bus Machines = IBM)
» Non-Standard Punctuation (AT&T, ATT, AT and T)    

› Claims Fulfillment Management
Boomerang’s services include acquisition, compilation and organization of all claim materials necessary for you to submit your property claims!
Boomerang Asset Recovery’s proven processes and experience deliver significant results that ensure you are truly locating ALL of your unclaimed property assets.

Contact us today to discover how we can enhance your unclaimed property recovery.