CEDAR RAPIDS, IA--(Marketwired - Nov 5, 2013) - Just a month after marking its twenty-thousandth subscriber to UPExchange -- ETM's acclaimed system for unclaimed property reporting and the only offering of its kind on the market that is available from the cloud -- ETM now has more than 23,000 holders of unclaimed property subscribed. This is in addition to the 25 states that now accept online, electronic reports and/or payment submissions for unclaimed property, with more states in implementation.

"If necessity is the mother of invention, reporting deadlines are the mother of necessity," said Layton Olson, CEO at ETM. "With November 1 as a reporting deadline for many jurisdictions, thousands of holders of unclaimed property were looking to automate and simplify their reporting processes. Especially with cloud delivery, UPExchange gives them the improvements they want, along with the accuracy and compliance they need."

UPExchange™ is a web application that makes unclaimed property compliance simple. To meet end-user requirements, it's accessible from anywhere with just a browser, and sends reports and payments to multiple states entirely online. To meet IT requirements, it's delivered from the cloud. To meet security requirements, it uses real-time database protection, monitoring, auditing, and breach-prevention that follow PCI DSS, and SSAE 16 best practices. To meet business requirements, it is a complete unclaimed property administration system that includes compliance and audit tools to assist in managing the various state specific reporting, due diligence and record retention requirements. It's endorsed officially and exclusively by NAUPA (the National Association of Unclaimed Property Administrators)*.

About ETM
ETM is a Web-application-development firm that specializes in providing statutory financial reporting, tax-compliance, and unclaimed property reporting services, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM now serves more than 24,000 companies in automating the administration and filing of financial information to meet numerous regulated reporting requirements. For more information about UPExchange, please visit http://www.byetm.com/index.php/upx, call 855-737-1688, or e-mail sales@byetm.com.

*NAUPA's endorsement pertains to the free holder-reporting software. Neither NAUPA nor its member states endorse any other products or services available to holders through ETM.

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Media contact:
JoAnna Fodero