Escheatment for Telecoms
Eisen is the first escheatment automation solution for telecoms. Whether customer credits, overpayments, or failed accounts payable, Eisen streamlines the offboarding process for telecom companies of all sizes.
Grow your network, not your compliance burden.
Struggling to close accounts en masse for business, compliance, or operational reasons? Tired of relying on limited internal resources to handle complex closeouts and ensure regulatory compliance? Eisen empowers financial institutions to manage forced closeouts efficiently and proactively at scale.
Say goodbye to cumbersome manual processes, sprawling spreadsheets, and compliance risks. Eisen’s platform manages every step of the closeout process, from managing customer outreach and processing disbursements to reconciling payments and escheating when necessary. Whether you’re closing accounts due to business strategy reasons, regulatory mandates, or internal audits, Eisen ensures you stay compliant and protected. Compliance isn’t optional, but with Eisen, it can be effortless.
How Eisen Helps Escheatment for Telecoms
Unpaid Customer Refunds
Effortlessly track and resolve unpaid customer refunds. Eisen automates the identification of unclaimed refunds, sending proactive notifications to customers and ensuring compliance with escheatment laws for unclaimed funds.
Unused Account Credits
Manage unused account credits with ease. Eisen flags dormant credits, automates customer outreach, and ensures that unclaimed amounts are either returned or properly escheated in line with state requirements.
Stale Vendor Checks
Eisen simplifies the management of stale vendor checks, from identification to resolution. Automatically flag checks approaching dormancy, notify vendors, and process escheatment seamlessly to stay compliant with all regulations.
Unclaimed Payroll Checks
Eliminate the complexity of managing unclaimed payroll checks. Eisen tracks outstanding payments, automates outreach to employees, and ensures that checks are disbursed or escheated in compliance with state laws.
Open Accounts Payable
Stay compliant with open accounts payable using Eisen's automated tracking system. We ensure prompt vendor outreach and manage unclaimed funds through the appropriate state's escheatment process.
Effortless compliance with an accuracy guarantee.
Everything you need to monitor, manage, and mitigate risk from financial accounts at any scale.
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