Unclaimed Property Reporting’s Better Mouse Trap for Holders and for States
CEDAR RAPIDS, IA — Nov 6, 2014 — Less than five years after its introduction, UPExchange — ETM’s acclaimed system for unclaimed property reporting and the only offering of its kind on the market available from the cloud — now has more than 33,235 registered users (including 6,000 new holders in October alone) and more than 539 new company registrations. In addition, ETM now has 35 states accepting online, electronic reports and/or payments, with more states in discussion.
“As with everything, time is the factor that separates successful undertakings from not-so-successful,” said Layton Olson, CEO at ETM. “Given the steady growth in our user base, time seems to have proven UPExchange is a success, having fulfilled the needs for speed, efficiency, accuracy, cost-effectiveness, convenience, compliance, and comprehensiveness. It’s gratifying to know we’ve influenced an entire industry positively.”
UPExchange automates management and reporting of unclaimed property in accordance with state-sponsored regulatory requirements. It also enables holders to remit payments online to those states that accept them. It’s accessible from anywhere with a browser and can be configured to calculate dormancy requirements by state by property type, produce and document due diligence activities, create reports to each state’s specifications, and more. With cloud delivery and intuitive usability, many holders are up and running on UPExchange in as little as 60 seconds. And UPExchange is endorsed exclusively by NAUPA (the National Association of Unclaimed Property Administrators).*
About ETM
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.
* NAUPA’s endorsement pertains to the free holder-reporting software. Neither NAUPA nor its member states endorse any other products or services available to holders through ETM.
