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What is KAPS?

Kelmar’s KAPS system, tailored for managing unclaimed property, is a versatile and scalable Software as a Service (SaaS) platform specifically aimed at government initiatives dealing with unclaimed assets. This innovative solution enables administrators to efficiently manage the entire lifecycle of unclaimed property, starting from the submission of reports and receipts and extending through due diligence mailing, escheatment, claims processing, and payment execution, all via a relational database interface that focuses on system configurations rather than requiring extensive custom coding. KAPS integrates seamlessly with state websites and features cloud-based document imaging, automated communications with property owners, and built-in LexisNexis verification for identity confirmation, in addition to leveraging the Kelmar Fraud Index for AI-enhanced risk evaluations. The system employs robust and secure authentication protocols and undergoes annual assessments to ensure compliance with SOC 2 Type 2 and ISO 27001:2022 standards, while also holding GovRAMP authorization. Moreover, its enhanced capabilities support auction closure processes, enable manual online reporting for smaller stakeholders, and assist in managing tangible property, thus providing a thorough approach to unclaimed property administration. As a result, each component of KAPS plays a critical role in promoting efficient and transparent practices in the management of unclaimed assets, solidifying its importance as an essential resource for governmental organizations. Ultimately, the KAPS system stands out as a comprehensive solution that not only streamlines operations but also fosters trust among the stakeholders involved in the unclaimed property process.

What is Eisen?

Eisen stands at the forefront of escheatment automation, adeptly managing the offboarding of accounts by merging escheatment, disbursement, and outreach functions into a single, unified platform. This groundbreaking system significantly improves compliance with diverse unclaimed property laws across various states by identifying inactive and dormant accounts, tracking and resolving stale checks, automating large-scale disbursements during closures, and managing forced account terminations, all while providing thorough audit trails and guaranteeing accuracy. It seamlessly integrates with existing data management systems through a growing suite of integrations, evaluates risk in real time, and initiates proactive communications with customers to prevent liabilities associated with unclaimed accounts. By automating every facet—from data gathering and risk assessment to personalized messaging and payment execution—Eisen empowers financial institutions to remain proactive regarding regulatory deadlines, reduces manual workloads, and mitigates the risk of incurring costly penalties related to escheatment. Additionally, this all-encompassing strategy not only improves operational effectiveness but also cultivates stronger bonds between institutions and their clients, thereby fostering enhanced trust and satisfaction in financial transactions. Ultimately, Eisen’s innovative approach positions financial institutions to navigate the complexities of escheatment with confidence and efficiency.

Media

Media

Integrations Supported

KSS Call Manager
LexID
LexisNexis Instant Verify
LexisNexis Property Data

Integrations Supported

KSS Call Manager
LexID
LexisNexis Instant Verify
LexisNexis Property Data

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Kelmar

Company Location

United States

Company Website

www.kelmarassoc.com/unclaimed-property-solutions/management-systems

Company Facts

Organization Name

Eisen

Date Founded

2021

Company Location

United States

Company Website

www.witheisen.com

Categories and Features

Categories and Features

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