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Best practices for unclaimed property in a shared services environment
July 3, 2023
Q. We are currently evaluating our unclaimed property processes to review areas of opportunities in a shared service environment. Are there any best practices that can be shared?
A.
This is a very broad question and perhaps a bit challenging to address in the confines of the Ask the Expert format. However, we'll offer some basic advice in as concise a form as possible. A good place to start your research is to thoroughly explore your IOFM resources, which will serve as a foundation to begin.
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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
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