Identify and recover assets that have gone unclaimed. We help medical manufacturers recover funds owed to them vendors and government agencies.
Is Your Organization Recovering Unclaimed Property?
When organizations think about unclaimed funds, the emphasis is usually on reporting and remitting uncashed checks and aged receivables. These compliance obligations are mandatory. Escheating open liabilities to the proper jurisdiction is necessary to avoid penalties.
However, while you’ve been fulfilling your responsibilities, you may be overlooking assets owed back to your organization. These funds often go unnoticed, and unrecovered, yet can add up to a significant dollars.
Starting an Unclaimed Property Review
Starting a SpendMend Unclaimed Funds Review is simple. Provide a list of your known entities or subsidiaries, and our team begins our work. Using SpendMend’s proprietary database—compiled from hundreds of public and private records—we expand and refine your list by identifying additional naming variations, including DBAs, legacy names, and entities impacted by mergers or divestitures. This ensures the most comprehensive search possible and maximizes potential recovery opportunities
Unclaimed Property Review Features
Detailed Analysis
Broad Coverage
We account for name variations, acquisitions, divestitures, and organizational changes
Proprietary Database
Aggregates public data to enhance accuracy and decision-making insights
End-to-End Process
SpendMend manages claim forms and approvals across every relevant jurisdiction
Custom Reporting
We deliver tailored reports showing recovery progress, trends, and key outcomes
Ongoing Support
Our expert team provides full support from discovery through final asset recovery
Unclaimed Property Review Benefits
Effortless Onboarding
Risk-Free Model
Gain-share approach eliminates upfront costs and financial risk while maximizing value
Cash Optimization
Unlock immediate improvements in cash flow and long-term financial performance
Process Visibility
Uncover inefficiencies and gaps to improve financial decisions
Partner Alignment
Enhance collaboration and transparency with stakeholders and partners
Strategic Insights
Uncover data-driven opportunities to enhance operational and financial performance
Pitfalls of Going It Alone
While most jurisdictions maintain online search portals that allow owners to identify and claim assets, managing a comprehensive unclaimed funds review internally is often far more complex and time-consuming than it appears. Variations in reporting rules, entity name discrepancies, and incomplete records can easily lead to missed opportunities or inefficient searches.
The process is too complex to effectively manage across 50+ jurisdictions with differing process requirements.
Teams often lack the databases, specialized expertise, and technology required for a comprehensive review.
The process is time-intensive and demands continuous oversight and coordination with multiple state examiners.
Without specialized expertise and tools, organizations recover only a fraction of available funds.
“There are literally billions of dollars in unclaimed property held by state governments and treasuries in the U.S.”
— National Association of Unclaimed Property Administrators (NAUPA)