Case Study: University of North Carolina at Greensboro streamlines debt management and uncovers bank overcharges with DebtBook

UNC Greensboro uncovers a significant bank overcharge and streamlines debt reporting with DebtBook

The University of North Carolina at Greensboro (UNCG) faced significant challenges managing its $325 million debt portfolio using a complex and unstable series of interconnected Excel spreadsheets. This outdated system was inefficient, prone to errors, and made accurate financial reporting and tracking payments extremely difficult. UNCG turned to the vendor DebtBook for its debt management solution to centralize and streamline these processes.

DebtBook implemented a centralized platform that automated calculations, stored all documentation, and generated detailed reports. This solution provided UNCG with immediate improvements in efficiency and accuracy. A major result was the discovery and correction of a significant bank overcharge, saving the university a substantial amount of money. DebtBook also drastically reduced the time spent on manual verification and reporting, empowered more informed conversations with banks, and made the system easily navigable for new team members.

University of North Carolina at Greensboro (uncg)