- Security– First, make sure your online reporting solution is secure. With so much concern about hacking these days, it is important to know that your system is safe from infiltration attempts so that you know your information and the information of your customers remains safe and secure.
- Reliability-You need to know that your system is reliable and will work the way you expect it to. When you use an online reporting system, the last thing you want is to find out it is off line or out of service. So choose a server and a solution that is reliable over time.
- Ease of use– The whole idea of online reporting is to streamline your processes and take the physical workload out of compliance reporting. Find a solution that is intuitive and easy to use, and one that reduces the time it takes to remain compliant.
- Technical support– No matter how good your system is, there will be times you may need technical help. Inquire as to whether your online reporting solution has a tech support line or contacts you can call if you have a problem.
Get in touch with a Sovos unclaimed property expert to learn more about managing your unclaimed property compliance processes.