DebtBook offers cloud-based treasury and accounting software that centralizes debt, cash, lease, and subscription management for government and non-profit finance teams. By automating financial reporting and compliance with GASB standards, the platform reduces operational inefficiencies and enhances data accuracy, enabling organizations to focus on strategic financial leadership.
Funding
$24.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Government and non-profit finance teams often struggle with managing debt, cash, leases, and subscriptions due to disparate systems and manual processes. This can lead to inefficiencies in financial reporting, increased risk of errors, and difficulty in complying with Governmental Accounting Standards Board (GASB) standards.
Solution
DebtBook offers a cloud-based treasury and accounting software platform designed to centralize the management of debt, cash, leases (GASB 87 & ASC 842), and subscriptions (GASB 96) for government and non-profit organizations. The platform automates financial reporting and compliance, reduces operational inefficiencies, and enhances data accuracy. By consolidating treasury and debt accounting data into a single, cloud-accessible location, DebtBook enables finance teams to gain full control over cash flow, minimize risk, and improve financial performance, ultimately allowing them to focus on strategic financial leadership.
Target Audience
DebtBook is designed for state and local governments, higher education institutions, healthcare organizations, transportation agencies, airports, seaports, and utility systems.
Features
- Centralized platform for managing debt, cash, leases (GASB 87 & ASC 842), and subscriptions (GASB 96)
- Automated financial reporting to streamline compliance with GASB standards
- Cash management tools to build accurate cash forecasts and automate daily cash positioning
- Debt management features to consolidate treasury and debt accounting data, track continuing disclosure filings, and ensure timely debt payments
- Lease management module to streamline GASB 87 compliance and automate audit and reporting tasks
- Subscription management tools to simplify GASB 96 compliance and manage subscription-based IT arrangements
- Role-based access control to share access with team members and auditors
- Integration with debt service platforms to directly model debt service payments into cash forecasts