Wolters Kluwer PPP Forgiveness Module application processing underway
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Technology speeds a key step in Paycheck Protection Program loan forgiveness applications
With the Small Business Administration’s (SBA) Loan Forgiveness Portal now live, Wolters Kluwer Compliance Solutions has begun submitting completed borrower loan forgiveness application data directly to the SBA via its TSoftPlus™ PPP Forgiveness Module. The Module was launched in June to help lenders guide small business client recipients of Paycheck Protection Program (PPP) funding in processing online and in-person loan forgiveness applications. The SBA’s Loan Forgiveness Portal went live Monday, August 10.
It is expected that Wolters Kluwer’s TSoftPlus technology will help speed thousands of PPP loan forgiveness applications through the SBA’s designated loan forgiveness portal.
The TSoftPlus PPP Forgiveness Module is a comprehensive solution that expedites the application process for the forgiveness of loans to small businesses that received PPP emergency funding, providing automated technology benefits to local lenders and PPP borrowers.
Complying with loan forgiveness requirements under PPP can be complicated. David Brandt, Chief Financial Officer for ELGA Credit Union in Burton, Mich., noted that Wolters Kluwer’s TSoftPlus technology made a significant difference in processing its members’ PPP loan applications and offers critical support for the loan forgiveness stage.
“We selected Wolters Kluwer’s technology after vetting a handful of vendors,” recalled Brandt. “The efficiency of the TSoftPlus functionality, together with solid customer service support, helped us deliver nearly 300 PPP loans to Main Street borrowers ranging from local restaurants and small manufacturers to real estate firms, hair salons and a number of sole proprietors. I’m very appreciative of having this technology available and know that we’ve made a difference for a lot of businesses and their employees.”
Wolters Kluwer Consulting Services experts are offering Forgiveness Module users online training sessions to provide more clarification on loan forgiveness requirements for a successful application and to address some of the most common questions raised by lenders.
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