USNH - Third-Party Management of Unclaimed or Abandoned Property & Checks

The University System of New Hampshire is seeking a third-party firm to manage unclaimed or abandoned property and checks at its campuses. The selected firm will be responsible for identifying, tracking, reporting, and remitting unclaimed or abandoned property, as well as providing training and support to USNH staff. The contract is expected to be for three years with the option for two one-year extensions. The firm should have experience working with clients that utilize Workday as their ERP system. • The firm will be responsible for scanning and identifying potential unclaimed property items, preparing and filing reports with state escheatment agencies, and maintaining a secure database to store information about unclaimed property. • The firm will also be responsible for ensuring data integrity and confidentiality, complying with state-specific unclaimed property laws and regulations, and assisting with audits and examinations by state escheatment agencies. • The firm will provide training sessions for internal staff on unclaimed property compliance best practices and offer ongoing support and resources to ensure continuous compliance. • The firm will also be responsible for implementing software solutions to automate the identification, reporting, and notification processes.