Safari SOP Releases Software to Manage Account Garnishments

Safari SOP, the first and only SaaS solution built for responding to subpoenas and document requests, today released its second product for handling account garnishment, levies, and other legal orders to seize funds or assets.

With features such as intake automation, duplicate alerts, compliance warnings, account and funds tracking, key dates, status monitoring, automated templates for correspondence and document creation, and built in reporting and audit history, Safari SOP helps companies improve compliance, visibility, task tracking, and automation to minimize risk.

The garnishment process presents multiple challenges, including processing high document volumes, potential risk for failing to timely seize funds, and complying with various state law requirements. And in May, the Consumer Financial Protection Bureau (CFPB) consent order put a spotlight on account garnishments as a compliance concern. Finding that Bank of America had engaged in unfair and deceptive garnishment practices, the CFPB levied a $10 million fine, ordered at least $592,000 refunded to customers, and imposed enhanced regulatory oversight. An accompanying press release declared that BofA’s garnishment processes had deceived customers and violated federal consumer protection laws.

“Most companies are still using spreadsheets and email to manage the process,” says Tom Melling, Safari SOP’s CEO, “so the timing of our product couldn’t be better. Our product sets the standard for best practices, and provides peace of mind for our customers processing legal orders to seize funds.”

ABOUT SAFARI SOP

Safari SOP is the only purpose-built solution for teams handling subpoenas, document requests, account garnishments, levies, and other high-volume, routinely served documents. Built by the team that created Serengeti (the world’s largest e-billing and matter management platform), Safari SOP’s online solution helps companies save up to 45 minutes per matter with automated intake, customizable templates for standard document creation and correspondence, key date and status tracking, compliance warnings, automated response delivery and cost recovery, and built-in auditing and reporting. For more information, visit www.safarisop.com.

FOR INQUIRIES

Greg Shriber, Chief Product Officer
info@safarisop.com
425.298.3620