ReportMyUP Review (2026): Self-Service Unclaimed Property Reporting by Sovos

Most finance teams have unclaimed property on their books and do not know it. An uncashed vendor check from two years ago, a payroll check a former employee never deposited, a customer credit no one claimed. Every U.S. state requires businesses to track that property, notify the owner, and hand it to the state after a dormancy period. Skip it and you are not saving money, you are building an audit liability that contingency-fee examiners can reach back a decade or more to collect.

ReportMyUP is Sovos's answer for the businesses that have this obligation but no dedicated escheatment team. It is a self-service platform that runs the full unclaimed property lifecycle, from data upload through due diligence to state filing, starting at $299 a year. Here is what it does, what it costs against the other tools in the space, and who should use it.

What Is Unclaimed Property, and Why It's a Compliance Trap

Unclaimed property, also called abandoned property or escheatment, is any financial obligation a business owes someone but has not been able to pay. The classic examples are uncashed payroll and vendor checks, customer overpayments and refunds, unredeemed rebates and credits, and in some states unused gift card balances. When the owner does not claim it within a set dormancy period, the business (the "holder") must report and remit it to the state.

The trap has three parts. First, every state has its own rules, so a company operating in multiple states faces up to 50 different rulebooks with different dormancy periods, different due diligence requirements, and different formats. Second, the obligation is easy to ignore because nothing forces the issue until an audit does. Third, unclaimed property audits are frequently run by third-party firms paid on contingency, and they can estimate liabilities going back 10 to 15 years when records are incomplete. A company that never filed can face a far larger bill than the property was ever worth.

That combination, low visibility and high back-end risk, is exactly why software for this exists.

What ReportMyUP Is

ReportMyUP is an unclaimed property reporting platform powered by Sovos, launched in 2025 as a self-service product for businesses of all sizes. It already serves more than 3,000 businesses across retail, healthcare, education, utilities, technology, and manufacturing.

The idea is to take a compliance task that used to require a consultant or enterprise software and put it in reach of a mid-market finance team. You upload your data, the platform applies each state's current rules, generates the required NAUPA-compliant reports, and files many of them electronically. Sovos maintains the state rules so you are not tracking statutory changes yourself.

Who It's For

ReportMyUP fits a specific profile:

• Mid-market and small businesses that have unclaimed property to report but no in-house escheatment specialist.
• Finance and accounting teams that currently handle this in spreadsheets or skip it entirely.
• Companies filing in a handful to a few dozen states that want to stop paying a consultant for a task they can run themselves.

It is less aimed at the largest holders with dedicated unclaimed property departments and deeply customized enterprise systems, though the Plus plan stretches toward multi-entity needs.

What ReportMyUP Does

The platform covers the whole reporting lifecycle rather than one slice of it.

Data upload and validation

You import holder and property records from an Excel or CSV file using a provided template. The platform validates the data on upload and flags problems in minutes, so formatting errors surface before they become filing rejections.

Dormancy tracking

Dormancy periods vary by state and by property type, commonly running one to five years. ReportMyUP tracks these deadlines automatically across every state and property type you report, so you know what is coming due and when, instead of maintaining a manual calendar.

Due diligence letters

Before you report property, most states require you to try to reach the owner. The rules differ by state and dollar amount. New York, for example, requires first-class mail at least 90 days before filing, plus certified mail for property worth $1,000 or more at least 60 days out. ReportMyUP generates, prints, and tracks these due diligence letters with the correct state-specific due dates built in.

NAUPA reporting and e-filing

The platform produces reports in NAUPA-compliant format for all 50 states, the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands. For more than 30 states, you can file electronically with one click directly from the software.

Escheatment guidance

Remitting the property is the final step, and the requirements differ by jurisdiction. ReportMyUP gives step-by-step guidance tailored to each state so the remittance matches the report you filed.

The Sovos Reporting Network: One-Click Filing to 30+ States

The feature that sets ReportMyUP apart is the direct filing network. Sovos has built an unclaimed property reporting network that lets you submit reports to more than 30 states directly from the software, without logging into each state portal and uploading files by hand.

For a company filing in many states, this is the difference between an afternoon and a week. Most competing tools generate the NAUPA file and leave the actual submission to you, portal by portal. Sovos maintaining direct connections to the states is a genuine operational advantage, and it is the clearest reason to look at ReportMyUP over a report-generation-only tool.

Pricing: ReportMyUP vs ReportMyUP Plus

Pricing is a subscription, and it starts low for the category. There is a 7-day free trial.

Both plans include the core lifecycle: property tracking, dormancy calculations, due diligence, state reporting, and escheatment. Plus adds multi-user access and multi-entity filing, which is what a company with several legal entities or a small shared-services team needs. Confirm current pricing on the ReportMyUP pricing page, since plan details change.

To put $299 in context, outsourcing a single reporting cycle to an unclaimed property consultant commonly runs into the thousands of dollars, and enterprise escheatment software is quote-based and priced well above that. For a business with a manageable number of properties, the self-service model is a large cost drop.

ReportMyUP vs HRS Pro vs UPExchange

Three names come up most when businesses shop for unclaimed property software. They serve different ends of the market.

HRS Pro is a long-established, no-frills option that produces NAUPA II reports accepted by every jurisdiction, and its Enterprise edition handles unlimited companies and properties. It is a strong pick if you mainly need clean report files and are comfortable submitting them yourself. UPExchange, from Kelmar, is enterprise-grade, integrates with ERP systems like SAP and Oracle, and automates research, reporting, and remittance for the largest holders. Ryan's Tracker is another enterprise option often paired with consulting.

ReportMyUP sits between the bare report generator and the enterprise suite. It is more automated and more directly connected to the states than an off-the-shelf tool, and far cheaper and faster to adopt than an enterprise platform. Choose on scale and how much of the submission you want handled for you, and verify each vendor's current capabilities before committing.

2026 Reporting Deadlines and Dormancy

Unclaimed property runs on a reporting calendar most finance teams do not have memorized.

• Fall reporting is the big one. Most states require holder reports by October 31 or November 1 for the prior year's dormant property. California, Texas, and Florida use the October 31 window, and California's notice report is due before November 1.
• Spring reporting applies in a smaller set of states, with deadlines earlier in the year, so a multi-state filer may have two cycles.
• Dormancy periods determine when property becomes reportable. They vary by state and property type, commonly one to five years. Many states use three years for general property, but you cannot assume it.

Because the deadlines and dormancy rules differ by state and change over time, keeping current is part of the compliance burden. Software that maintains the rules for you removes the part most likely to cause a missed filing.

The Cost of Getting Unclaimed Property Wrong

The reason this obligation is worth software is the downside of ignoring it. States and their contingency-fee auditors actively pursue non-filers. An audit can assess interest and penalties on unreported property, and where records are missing, examiners estimate liability using formulas that rarely favor the holder. Delaware, the state of incorporation for a large share of U.S. companies, is especially active and runs a voluntary disclosure program precisely because audit exposure is so significant.

Filing on time, with documented due diligence, is also your best audit defense. Clean, consistent NAUPA reports and a record of owner outreach show good-faith compliance, which is exactly the paper trail an examiner looks for. A tool that produces and stores that documentation is doing double duty as audit insurance.

Who Should Use ReportMyUP, and Who Should Skip It

Use it if you have unclaimed property to report, file in a handful to a few dozen states, and do not have a dedicated escheatment team. The self-service model, the maintained state rules, and the direct filing network turn a specialist task into a manageable one, and $299 a year is a fraction of the alternatives.

Skip it, or look higher, if you are one of the largest holders with millions of records, deep ERP integration needs, and an in-house unclaimed property function. That profile is what UPExchange and full enterprise engagements are built for. At the opposite end, if you simply need to generate a report file and submit it yourself, a lower-cost tool like HRS Pro may be enough.

The Bottom Line

Unclaimed property is a real, enforced compliance obligation that most businesses under-manage until an audit finds them. ReportMyUP makes the obligation routine: upload your data, let it apply each state's rules, send due diligence, and file NAUPA reports directly to 30-plus states from one platform. Backed by Sovos, priced from $299 a year, and built for the mid-market gap between spreadsheets and enterprise software, it is one of the most accessible ways to get unclaimed property right.

If you have property to report this cycle, you can start a free ReportMyUP trial and run your filing before the deadline.

Frequently Asked Questions