A business owner is unsure about the legal process and timelines for escheating uncashed checks (vendor and payroll) to the state, including state-specific dormancy periods and due diligence letter requirements.

Workarounds Described

• manually researching state dormancy periods
• potentially skipping due diligence letters

Implied Software Gaps

• Automated tool that calculates state-specific escheatment deadlines based on check type
• System that generates and tracks due diligence letters for uncashed checks

EscheatFlow Compliance Hub

A web-based compliance tool that tracks uncashed checks, calculates state-specific dormancy periods, and automates due diligence letters and state reporting. It replaces manual tracking and legal research, ensuring businesses avoid penalties and lost property.