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24B What is the purpose to have 2 steps: 'Initiate Escheat' and 'Escheat' instead of just 1.

Summary:

Business is asking why we have 2 steps in the 24B Escheatment process:

  1. Initiate Escheat.
  2. Escheat.

This is causing additional work for AP team due to the large volume of Payments to be escheated.

Can you please advise on the reason to have these 2 different events instead of just 1. We would like to highlight the advantages to business.

Content (please ensure you mask any confidential information):

Business is asking why we have 2 steps in the 24B Escheatment process:

  1. Initiate Escheat.
  2. Escheat.

This is causing additional work for AP team due to the large volume of Payments to be escheated.

Can you please advise on the reason to have these 2 different events instead of just 1. We would like to highlight the advantages to business.

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