DebtBook, a software provider for governments and nonprofit treasury teams, is launching a new debt management tool.
The Sizing feature from the mentioned company, announced last Tuesday, February 25, lets treasury departments structure, compare, and analyze their financing options on their own.
In a press release published by DebtBook, it was noted that the government and nonprofit treasury teams had limited access to the tools needed to model new debt issuances in-house. It was also underlined in this case that the new feature would allow the mentioned teams to structure new money issues, compare financing scenarios, and layer proposed issues in their existing debt portfolio. It is worth noting that all specified actions are available on the same platform. In this case, it envisages the platform that treasury teams use for ongoing debt management.
In a press release published by DebtBook, it was noted that the new feature allows treasury teams to structure new money issues with debt levels, debt wrap levels, principal levels, and fixed-rate loans. Companies can also use this tool to get a side-by-side comparison of financing scenarios.
Tyler Traudt, co-founder and chief executive officer of DebtBook, stated that this firm, by launching a new feature, gives treasury teams the keys to powerful structuring tools that help them become more strategic in their financing decisions. He also noted that the mentioned feature enhances the way teams collaborate, evaluate funding options, and refine their approach to debt management. According to him, ultimately this is driving better outcomes for organizations.
It’s worth mentioning that in November, DebtBook launched a tool designed to help clients manage cash flows and liquidity. The cash flow management solution was developed by the company to improve financial performance and reduce risks for government and nonprofit finance teams. In a press release from the firm, it was noted that by enabling continuous monitoring of all bank accounts and flagging unusual activity, the brand helps teams decrease the risk of fraud. It was also highlighted that by automating daily cash positioning in real-time, the company’s solution helps reduce errors and form meaningful productivity gains.
It is worth noting that finance plays an important role as the nexus between disparate business functions, providing a unique vantage point of view to identify inefficiencies and potential synergies.
In the end, most processes lead back to the financial team, regardless of whether the specific action concerns procurement and sales or logistics and compliance. This centralization provides chief financial officers and treasurers with the authority and, in many cases, the mandate to drive enterprise-wide integration efforts.
Meghan Oakes, vice president of customer success at FIS, stated during a conversation with media representatives that from the middle to the back office, they are no longer just a cost center. It was noted that they are a value-added partner for everyone in the business. Meghan Oakes stated that there are many different aspects of that middle to back office that are currently at the forefront of how companies operate.
As we have reported earlier, CredCore Raises $16 Million to Disrupt Enterprise Debt Investment with AI.
