Coronavirus Causes Interest Pause, Q-Law 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 Q-Law Town Hall Meetings.
In this town hall, we will show you how to use a report and State Variable Interest Rate Update tool to change the interest rate to 0.00% in Q-LawE and Q-Law. We will also discuss the ways and means to retain and convert the rate back to the correct interest rate once you are given permission to do so.
This Q-Law Town Hall Meeting will take place on Wednesday, March 25, 2020 from 12:00 to 1:00 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.