Recovering unclaimed property is complicated and time consuming. Most companies don’t have the staff or resources to properly find, scrutinize and secure unclaimed property.
AP Recovery makes it simple. Our team has extensive asset recovery experience as well as established relationships with state claims examiners, making the process flow seamlessly.
Our team searches records of federal, state and local unclaimed property administrative agencies in all 50 states and 3 Canadian provinces.
We do extensive research to substantiate the property is owned by you then assemble the pertinent documentation required by each administrative agency to recover funds.
Our team reviews, confirms and answers any additional requests for information until the funds are recovered.
We deliver an in depth and thorough review. Every step of the way we work closely with you, ensuring the most thorough review with the maximum recovery.
Unclaimed Property (sometimes referred to as “Abandoned Property”) refers to accounts that have generated no activity or contact with the owner for one year or longer. Unclaimed Property includes a variety of sources such as checking accounts, stocks, uncashed dividends, refunds, customer overpayments, utility security deposits, mineral royalty payments and more.
Corporations may have substantial amounts of monies that are unclaimed due to ongoing complexities of the business environment. AP Recovery works with you to locate unclaimed funds which can be taken as income and positively impact your company’s bottom line.
In the United States, there is an estimated $58 billion in unclaimed property.
According to the National Association of Unclaimed Property Administrators (NAUPA), in fiscal year 2015, of the $7.63B unclaimed property reported, only $3.235B was returned to rightful owners.
The advantage of having AP Recovery handle our abandoned property filings is that we don’t
have to do anything other than sign some forms! AP Recovery does it all from soup to nuts and the
checks just keep rolling in. Also, they clearly have the expertise and contacts with the states
that we do not have, that makes this part of our audits with AP Recovery so successful.
Accounts Payable Director,
Large Healthcare Institution
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