FAQ
1. How does your firm know there are funds are owed to my company?
PROOF has built a proprietary database with outstanding funds owed to businesses across the United States. In the U.S. alone, there are over 3,000 counties, 19,000 cities, states, Federal jurisdictions, universities, and other government entities holding funds. These funds have not been escheated and in some cases, will NEVER be escheated.
2. Why have I received numerous letters about these funds?
Some of our competitors receive updated data at the same time and may reach out at a similar time.
3. Will this expose my company to unclaimed property audit risk?
No. The funds PROOF pursues are not escheated funds and therefore, do not put your company in any risk.
4. What separates PROOF from competitors?
Different firms have different data and different motives. PROOF has a proprietary database of outstanding funds owed to companies and update our data throughout the year to ensure the most updated information is available to our clients. Since PROOF focuses exclusively on Corporate Asset Recovery, there are no other angles to deter our attention. While other firms will try to upsell you on other business services, PROOF is 100% committed to getting your company’s funds recovered in a timely manner. Additionally, since we do not support other service lines, we are able to offer competitive pricing.
5. What happens if PROOF is unable to recover outstanding funds?
PROOF works completely off a contingency fee. PROOF does not invoice our fee until the funds are in your hands. There is no up-front cost, and the funds will never be put in our name.
6. How do I know the unclaimed funds owed to my company?
Once an agreement is in place, PROOF will release all details surrounding the funds to you for review. Your company will have a 7-day review window to research the funds and then approve/deny the claim. In the rare instance of a denial, documentation will need to be provided to void the agreement between PROOF and your company.
7. Can I accidentally claim assets already in process? (i.e., double claim)
No. During the claim process, we would find out an existing claim is in process and would terminate our contract. There is no risk for a “double claim”.
8. Why does this sound like a scam?
We understand it sounds like a scam any time someone says you have money owed to you. However, this is 100% real.
We have full transparency along the way, do not need any private company/bank information, and the funds are never put in our name.