Grinnell Mutual turned to Sovos for their Unclaimed Property needs

Case Study

Grinnell Mutual

Grinnell Mutual has offered auto, home, farm and business insurance since 1909. They work with more than 240 local mutuals and more than 1,900 local independent agents and brokers in 15 states, making them the largest primary reinsurer of farm mutual companies in North America.


Business Challenges

  • All unclaimed property tasks were done manually, straining Grinnell Mutual’s already lean accounts receivable team.
  • Unclaimed property compliance took time and focus away from core business functions, such as payroll.
  • Valuable resources were spent researching new laws and regulations for each state.


  • The company no longer has to worry about legislation changes, Sovos has it covered.
  • Reduced the risk of having only one person handling unclaimed property.


  • A more cost-effective approach to unclaimed property compliance.
  • Regulatory changes accounted for with automated system updates.
  • A dedicated partner to address any issues or queries promptly and professionally.

The Challenge

Grinnell Mutual found its unclaimed property reporting needs taking up significant resources from the small but efficient accounts receivable team. The constant struggle of keeping up with deadlines and regulation changes had become too much for the accounts receivable team to handle on their own.

The Solution

Grinnell Mutual automated its unclaimed property filing by outsourcing to Sovos, relieving the burden on employees and making the process more efficient and effective.

“Before partnering with Sovos, we were constantly working to keep up with regulation changes. And now, Sovos is taking care of that. What was once very time consuming is now as simple as sending Sovos a batch file.”

Jennifer Bebout

Accountant, Grinnell Mutual

Why Sovos?

Grinnell Mutual realized it needed a more cost-effective and efficient option for its unclaimed property compliance processes. As a smaller company, it couldn’t afford to have its accounts receivable department spread too thin. Sovos offered an automated process and a responsive customer service team. In addition to Unclaimed Property, Grinnell Mutual partners with Sovos to support its 1099, ACA and Statutory Reporting filing requirements.