Let’s be honest, most of us only use a fraction of the tools available to us. And if it’s a software feature we never realized existed, we miss out on things that could make it work a whole lot easier.
Many organizations rely on DebtBook for GASB lease and subscription compliance, not realizing all the features and functionality designed to simplify your workflow and save you significant time previously spent on manual work.
Every feature is designed to take tedious, time-consuming processes off your plate so you can focus on more important things. Whether it’s eliminating manual adjustments, generating journal entries in seconds, or ditching extra spreadsheets, DebtBook is here to help.
Let’s take a look at a few features in DebtBook’s Lease and Subscription Management solution you may not know about.
Lease and subscription agreements are constantly evolving as modifications, amendments, and terminations happen all the time. But entering these changes manually can be confusing and time-consuming.
Many DebtBook users still rely on workarounds for every type of update, even when a more precise option is available. This can create reporting inconsistencies, make tracking contract history difficult, and lead to unnecessary manual adjustments.
DebtBook’s Modification/Remeasurement feature makes handling contract amendments simple. Easily input updates to existing agreements, and your schedules and key reports will update automatically—no manual work required.
With this feature, you can:
With DebtBook, keeping contracts up to date no longer has to be a frustrating, time-consuming process. Instead, it’s seamless, accurate, and built to save you time.
Generating journal entries and audit notes has traditionally been a slow, manual process for most organizations before utilizing DebtBook. Compiling and adjusting these entries takes too long, and manual edits increase the risk of errors.
Even small mistakes can create compliance issues, leading to potential financial restatements and additional scrutiny during audits. Finance teams often spend unnecessary time making adjustments instead of focusing on strategic work.
DebtBook’s accounting and reporting settings make exporting journal entries and audit notes faster and easier.
With just a few clicks, you can:
With DebtBook, journal entries and audit notes become a seamless, automated part of your workflow so you can spend less time fixing errors and more time making strategic decisions.
For anyone who has ever manually entered lease and subscription contract data, you know the process can be time-consuming. You have to cross-reference multiple fields, switch between documents, and double-check every detail to ensure accuracy. It’s a tedious process.
DebtBook’s AI Contract Processing feature is designed to extract key data fields directly from your lease and subscription contracts, significantly reducing the manual effort required. This feature leverages AI technology to quickly pull essential details, so you can spend less time on data entry and more time on high-value work.
With this new AI-powered feature, you'll be able to:
At DebtBook, AI is designed to assist with repetitive or predictable activities, allowing you to focus on higher-impact work.
DebtBook is more than just a compliance tool, it’s a smarter way to manage your leases and subscriptions and help you comply in hours, not weeks. Every feature is designed with one goal in mind: to simplify your workflows, eliminate manual effort, and give you time back.
If you’re still spending hours on manual adjustments, juggling spreadsheets, or struggling with outdated processes, it’s time to take a fresh look at what DebtBook can do. These features are built to make your life easier, so why not put them to work?
Explore what’s possible and start making the most of DebtBook today.
Disclaimer: DebtBook does not provide professional services or advice. DebtBook has prepared these materials for general informational and educational purposes, which means we have not tailored the information to your specific circumstances. Please consult your professional advisors before taking action based on any information in these materials. Any use of this information is solely at your own risk.