DebtBook, a provider of cloud-based software solutions for governments and nonprofits, has released a new tool designed to provide a unified system to monitor bank activities, forecast cash inflows and outflows, and prevent fraud.
The firm’s new product, Cash Management, is set to solve a number of organizational challenges for the sector, said Tyler Traudt, chief executive officer and co-founder of DebtBook. The application provides real-time visibility into organizational cash flows, enhanced cash forecasting, rule-based automatic categorization, detailed analysis of banks fees, and a number of other features, he said.
“What we’re trying to do is enable finance officers, CFOs, treasurers, and their teams to be more strategic in their roles,” he said. “With Cash Management, these professionals can spend less time gathering data and spend more time taking that data and using it, deriving actionable insights from it so they can go and make better decisions.”
DebtBook, launched in …