Coronavirus Causes Interest Pause, Collection-Master Can Handle It
We’ve been closely monitoring how the COVID-19 virus has been impacting our clients and community. Vertican would like to offer some relief to issues the pandemic may have caused to your business.
We have learned that some jurisdictions are requiring creditors and law firms to cease charging interest during this time. If this is one of the changes you must implement, please join us for the first of our Collection-Master Town Hall Meetings.
In this town hall, we will discuss how to create a report of the current interest using Global Interest Swap [2-S-5] to remove the interest rates and using CM EDI to restore them.
This Collection-Master Town Hall Meeting will take place on Wednesday, March 25, 2020 from 2:00 to 3:00 p.m. Eastern time. You can register for this hour long town hall here.
Vertican will continue to monitor the situation and offer help to our clients whenever possible. Stay tuned for more information on a stimulus package Vertican will soon be offering. Vertican considers our clients to be partners and realizes that now, more than ever, we need to work together through this complicated time.