Jurismedia Releases Module for Interest Calculator
Ability to compute complex refund scenarios now available through leading interest calculation software for the legal industry.
NEWARK, DE -- May 25, 2011 -- Jurismedia, a leading software developer and founder of Margill products, today announces the release of a new module for its Margill Law Edition Interest Calculator. The latest release provides attorneys the ability to customize the refund priority from interest first, the most common method, to any other permutation between principal, court fees, other fees, and prejudgment interest.
Margill Law Edition Interest Calculator is the only product on the market of its kind, and allows attorneys to calculate interest instantly on judgments in all 50 states, 10 Canadian provinces, their territories, and multiple European countries. The product looks at prejudgment and post-judgment interest, collection, arrears, unpaid/late child support, structured settlements, loans and mortgages.
We understand that calculating interest on judgments can be a tedious task for attorneys, stated Marc Gelinas, president of Jurismedia. We are happy to be able to provide an easy-to-use product that has been designed specifically for the legal industry. With this product, law firms no longer have to monitor interest rates; they are updated daily so calculations can be done easily without the inherent risk of error.
The Law Edition was developed four years ago to meet the specific needs of the legal community in multiple areas of the law: litigation, banking, collection, real estate, family and insurance.
More information on Margill Law Edition can be found at www.margill.com/law .
Jurismedia has been creating interest calculation solutions for different industries since 1992. Its various products are sold in over 27 countries and cater mainly to law professionals, accountants and lending organizations. The company is headquartered in Montreal, Canada.