Cryptocurrency Impact on Unclaimed Property Recovery
The rise of cryptocurrency is fundamentally complicating the management and recovery of unclaimed property. For companies that hold or custody digital assets, the intersection of traditional escheatment laws — which were designed for bank accounts and paper securities — and... Read More →
The Digital Shift: How ACH and Electronic Payments Are Reshaping Unclaimed Property
For decades, unclaimed property compliance has been the silent administrative burden of thecorporate world. Traditionally, companies relied heavily on paper checks to fulfill obligations tovendors, employees, and shareholders. When those checks went uncashed, they inevitablyaged, eventually becoming reportable unclaimed property.... Read More →
The Ghost in the Ledger: How AI is Solving the $100 Billion Unclaimed Property Crisis
For most finance and compliance departments, “unclaimed property” is the administrative equivalent of a recurring migraine. Whether it’s an uncashed payroll check, a dormant savings account, or a forgotten vendor credit, these “ghost” assets represent a massive compliance liability. With... Read More →
Risk Considerations For Recovery
Risks of Claiming For a corporation, the risk is not just about the paperwork; it is about “poking the bear.” While recovering assets (like uncashed vendor checks or tax refunds) can improve the bottom line, it often signals to state... Read More →
Unclaimed Property Recovery Checklist
This checklist is designed to help your company determine if outsourcing the recovery of unclaimed property is the right strategic decision. By answering the following questions, you can assess your current situation, identify potential challenges, and understand the benefits that... Read More →
Don’t Leave Your Company’s Money On The Table
Is your company leaving Its money on the table? In today’s intricate corporate world, managing unclaimed property—like old payroll checks, vendor payments, or customer credits—is a significant challenge. With each U.S. state having its own unique and ever-changing laws, businesses... Read More →
Outsourcing the Recovery of Your Unclaimed Property
Benefits of Outsourcing Asset Recovery Unclaimed property—such as forgotten bank accounts, uncashed checks, refunds or abandoned safe deposit boxes—poses challenges for businesses. Outsourcing the recovery process can be a strategic decision, and here’s why ROI matters: Cost Efficiency: Outsourcing allows... Read More →
Boomerang’s 5 Advantages Over In-House Asset Recovery
It is not an uncommon occurrence for a company to approach Boomerang Asset Recovery after having attempted to manage their own in-house unclaimed property recovery efforts. While their individual motivations for making such a switch can vary, our clients tend... Read More →