NCACC partners with DebtBook, a Charlotte-based startup that has created a cloud-based debt and lease management software solution tailored to meet the specific needs of government finance teams. The partnership enables NCACC members to engage with DebtBook to help counties better manage debt and lease portfolios and prepare for looming changes in governmental accounting standards that will take effect over the next several years. DebtBook’s affordable, cloud-based platform simplifies compliance with accounting standards, facilitates customized financial forecasting and modeling, and eliminates the risk of human error that exists in traditional spreadsheets and other tools.
As part of the partnership, DebtBook will craft tailored content for NCACC members related to the implementation of Governmental Accounting Standards Board Statement No. 87, which will significantly alter the way counties account for and report their lease obligations. DebtBook will also leverage its team’s experience in the sector and its connections with other finance and accounting experts to provide additional content designed to help NCACC members manage their debt and lease portfolios more efficiently.
For more information on how NCACC partners with DebtBook, contact Co-Founder and CEO Tyler Traudt at [email protected] or visit www.debtbook.com to see how DebtBook helps governments, not-for-profits, and their professionals easily manage debt in the cloud.