DebtBook
DebtBook offers a comprehensive debt, lease, and subscription management software designed for public finance teams, used by over 2,100 professionals nationwide.
Services
DebtBook offers a comprehensive debt, lease, and subscription management software designed to help public finance teams. The platform includes features for managing debt schedules, lease payment reconciliation, subscription-based IT arrangements (SBITAs), and automating reporting tasks. It supports compliance with GASB 87 and GASB 96 accounting standards. Automated audit notes and disclosures streamline the audit preparation process, while features like automated email reminders and alerts help users meet compliance deadlines. Additionally, DebtBook provides tools and resources through its learning center and free resource library.
Clients and Users
DebtBook's software is utilized by over 2,100 public finance professionals across various sectors. It serves state and local governments, higher education institutions, healthcare organizations, transportation authorities, and airports and seaports. The platform is designed to facilitate collaboration in a centralized, cloud-based environment, allowing internal teams and external partners to work together more efficiently.
Compliance and Security
DebtBook's platform includes several features to ensure security and compliance. These include password complexity standards, single sign-on (SSO), two-factor authentication (2FA), and data encryption. The software infrastructure is hosted on Amazon Web Services (AWS), which includes virtual private cloud (VPC) security measures. By automating compliance tasks and reducing manual input errors, DebtBook helps organizations adhere to GASB standards and prepare for audits with ease.
Awards and Recognition
DebtBook has received multiple accolades for its innovative solutions and workplace environment. The company was ranked #1 on Charlotte Business Journal's Fast 50 List, highlighting its rapid growth. Additionally, DebtBook won the Great Tech Place to Work award at the NC TECH Awards. These recognitions underscore DebtBook's commitment to excellence and its strong position within the tech industry.
Funding
DebtBook has successfully raised $12.5 million in a Series A-1 funding round led by Elephant Partners. This injection of capital is aimed at enhancing the platform's capabilities and expanding its market reach. The funding allows DebtBook to continue developing its software to better serve the needs of public finance professionals and further solidify its position as a leader in debt and lease management solutions.