Escheatment is that regulation that requires you to turn over unclaimed or unapplied credit memos and payments to the State after a certain period. Due to the complexity of managing high volume accounts receivable operations, you may be in jeopardy even though, in fact, there were offsetting debit transactions which may have been misapplied or even written off.

Our audit staff, using our Cfari® technology, investigates and reconciles the accounts to uncover the offsets, if any, so you can clean up your books and avoid improper escheatment payments and penalties.

A professional and focused approach leads to greater recoveries with no interruption to your staff. Through a rigorous process, analytics, and expert auditing, we:

• Identify and apply the credits and payments where applicable
• Identify root causes and process improvement opportunities
• Establish an ongoing audit process
• Deliver end-of-engagement recommendations for best practices.