Just Right Compliance™
Is your organization properly handling its stale-dated liabilities?
Can your staff manage constantly changing unclaimed property laws and reporting requirements?
Would you be concerned if you received an audit notification from one or more states?
MarketSphere can help. A partnership with MarketSphere can help you ensure compliance with all state unclaimed property laws, allowing you to concentrate on more strategic areas of your business. Our Unclaimed Property practice is comprised of top industry experts possessing audit, corporate and government experience. Serving as a Premier holder’s advocate, MarketSphere is a proven leader in the Unclaimed Property industry. Our expertise combined with our unique, proprietary technology will “right-size” your payments – and improve your internal processes long-term.
Our services include:
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“We benefited from MarketSphere’s in-depth expertise. You saved us a substantial amount of money.”
– Fortune 500 Telecom Company
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Learn more about our Unclaimed Property services and how you can achieve Just Right Compliance!
Risk Assessment
If you are unsure of your organization’s compliance, our diagnostic review will provide the necessary insights into your company’s specific exposure. MarketSphere has developed a concise, targeted process for quickly identifying areas of concern and providing a high-level analysis of overall risk. We analyze your past unclaimed property practices and any unclaimed property currently on your general ledger and, perhaps more importantly, your unclaimed property that should be reflected in the general ledger, but is not. Risk assessments can help you quantify potential risk and use this information to develop a risk-mitigation strategy. Our clients range from Fortune 100 to mid-size companies spanning virtually every industry. We bring experienced consultants to every engagement, so you will never pay to train our people.
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Liability Reduction Analysis
MarketSphere leverages decades of experience and deep unclaimed property knowledge to enable companies the ability to turn liabilities into income and achieve Just Right Compliance™. Our Liability Reduction Analysis service offering achieves this objective through the use of our unique and proprietary analyzer tools. As the first developers of such tools, we are able to identify, document and extract all applicable exemptions to minimize the total amount of property escheated. Simply, the tools are used to review records to the smallest level- penny level- and identify all records which meet characteristics of an exempt item. A report is then delivered, outlining savings based on countless pages of state statutes that have been built into the tools. MarketSphere is so confident in its analysis, we will not only defend it if it were to be called into question, but we would refund fees in the unlikely event we could not successfully defend our position. This analysis is so powerful, that on average, our clients have experienced a savings of 10 to 40 percent. Learn more!
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Audit Defense & Voluntary Disclosure Agreements
With states increasingly enforcing their unclaimed property laws and the number of state and third-party audits continuing to rise, businesses must be prepared to respond, or better yet, take preemptive measures to minimize the impact of an audit. Whether you have just been issued an audit notice or you are close to receiving your assessment, MarketSphere is uniquely positioned to help you navigate the audit process and negotiate the best possible final assessment. Our staff has over 75 years of combined unclaimed property experience with subject matter experts formerly employed by Big 4 audit and consulting firms, state government, third-party auditors and industry. Our services are designed to help companies of all sizes and in all industries to address potential audit risk. These services range from offering Pre-Audit Assessments to complete Audit Defense services where we manage the audit and represent your company in front of the state. In all cases, our experience allows for a streamlined process and the most effective use of your internal resources. Learn more!
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Annual Compliance & Reporting
The cost of mis-reporting your unclaimed property can be substantial. Report too much and you are taking money from your bottom line. Report too little and you are exposing your company to unnecessary audit risk. MarketSphere makes it easy to be compliant with the various state reporting laws. We provide broad-based expertise in all aspects of annual compliance and reporting. By outsourcing or co-sourcing this function, we can provide the services you need most - due diligence, response processing, final records review, report generation, and filing and payments. Furthermore, due to our experience with all types of companies, we understand, by industry, the unique property types that auditors would scrutinize. Together, our services will “right-size” your payments and improve your internal processes long-term. Learn more!
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Webinar: Sorting through Technology Options
Webinar: