Case Study: City of Annapolis streamlines debt and lease accounting with DebtBook

The City of Annapolis, MD, Streamlines Their Finance and Accounting Processes With DebtBook

The City of Annapolis faced a significant challenge in managing over $214M in debt and impending GASB-87 compliance with inefficient, manual Excel spreadsheets. Their processes were time-consuming, error-prone, and unsustainable as their obligations grew. The city sought an easy-to-use solution to streamline financial reporting and data management, leading them to the vendor DebtBook.

By implementing DebtBook’s centralized debt and lease management platform, the city automated its reporting and data processes. This solution from DebtBook drastically reduced the time spent on generating reports—from hours to minutes—increased data accuracy, and provided a single source of truth. The team now efficiently manages compliance and can reallocate valuable resources to other critical activities.

City of Annapolis

Nikki O.

Senior Accountant