Clients have been using software that was designed to calculate interest based on LIBOR. With the current mandatory move from LIBOR to SOFR, interest must now be calculated using this new methodology. Clients are finding themselves in need of a solution to perform the more complex compounding calculation.
The ARR Calculator is an easy-to-use tool that can compliment and enhance current software and workflows. The output can be used for internal tracking and compliance purposes or as a detailed invoice for billing purposes.