DebtBook

DebtBook provides a comprehensive debt, lease, and subscription management software tailored for public finance teams. The platform assists organizations in complying with GASB 87 and GASB 96 accounting standards and is used by over 2,100 public finance professionals across the United States. DebtBook’s software includes features for automating reporting tasks, consolidating lease information, and managing subscription-based IT arrangements (SBITAs). It serves a variety of sectors including state and local governments, higher education institutions, healthcare organizations, transportation authorities, and airports and seaports. The platform supports collaboration in a centralized, cloud-based environment, facilitating easier teamwork between internal teams and external partners. DebtBook also offers automated email reminders and alerts to help users meet compliance deadlines and includes functionalities for managing debt, leases, and IT subscriptions in a single application. The software provides tools for finance teams, CPAs, financial advisors, lawyers, and commercial banks to streamline workflows and improve data accuracy. Additional features include managing debt schedules, lease payment reconciliation, subscription management, and automating audit notes and disclosures. DebtBook’s platform is hosted on Amazon Web Services (AWS) and includes robust security measures such as password complexity standards, single sign-on (SSO), two-factor authentication (2FA), data encryption, and virtual private cloud (VPC) security. The company offers a resource library with free resources, client stories, and a podcast called ‘Where Public Finance Works’, as well as a learning center with industry knowledge on debt management and accounting for leases and IT subscriptions. DebtBook has been recognized with several awards, including being ranked #1 on Charlotte Business Journal’s Fast 50 List and winning the Great Tech Place to Work award at the NC TECH Awards. The company has raised $12.5 million in a Series A-1 funding round led by Elephant Partners. DebtBook’s platform is designed to help organizations modernize their debt and lease management processes, moving away from spreadsheets to a more efficient system, ultimately ensuring compliance with accounting standards and improving overall efficiency.