Reporting deadlines drive demand for the better mouse trap.
CEDAR RAPIDS, IOWA — (November 5, 2013) — Just a month after marking its twenty-thousandth subscriber to UPExchange — ETM's acclaimed system for unclaimed property reporting and the only offering of its kind on the market that is available from the cloud — ETM now has more than 23,000 holders of unclaimed property subscribed. This is in addition to the 25 states that now accept online, electronic reports and/or payment submissions for unclaimed property, with more states in implementation.
“If necessity is the mother of invention, reporting deadlines are the mother of necessity” said Layton Olson, CEO at ETM. “With November 1 as a reporting deadline for many jurisdictions, thousands of holders of unclaimed property were looking to automate and simplify their reporting processes. Especially with cloud delivery, UPExchange gives them the improvements they want, along with the accuracy and compliance they need.”
UPExchange™ is a web application that makes unclaimed property compliance simple. To meet end-user requirements, it's accessible from anywhere with just a browser, and sends reports and payments to multiple states entirely online. To meet IT requirements, it's delivered from the cloud. To meet security requirements, it uses real-time database protection, monitoring, auditing, and breach-prevention that follow PCI DSS, and SSAE 16 best practices. To meet business requirements, it is a complete unclaimed property administration system that includes compliance and audit tools to assist in managing the various state specific reporting, due diligence and record retention requirements. It's endorsed officially and exclusively by NAUPA (the National Association of Unclaimed Property Administrators)
ETM is a web-application-development firm that specializes in providing statutory financial reporting, tax-compliance, and unclaimed property reporting services, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM has served nearly 50,000 companies and is the leading provider of software to automate and file financial information to meet numerous regulated reporting requirements. In 2010, ETM developed a web application for Unclaimed Property reporting. ETM has pioneered the development of electronic filing specifications and electronic payment to the state regulatory departments.
For more information about ETM, please visit www.byETM.com, call 855-737-1688, or e-mail sales@byetm.com.
