What is Black Owl?
Black Owl – the ultimate lease accounting solution designed to simplify lease management and guarantee compliance with FASB ASC 842, IASB IFRS 16, and ASPE Section 3065. Enjoy automated calculations, multi-currency support, and full lease tracking capabilities for effortless lease management. Trust Black Owl to streamline your lease processes and ensure accurate compliance.
Black Owl Lease Accounting Software, designed for finance and IT leaders seeking a comprehensive solution to streamline their lease accounting process. Our software is engineered to support major accounting standards, including FASB ASC 842, IASB IFRS 16, and ASPE Section 3065, and accommodate various lease types such as finance, operating, low-value, and non-lease contracts for lessees, and sales-type, direct financing, and operating for lessors. With automated calculations and postings, multi-standards compliance, multi-currency and FX capabilities, coding and allocation functionalities, and audit trails, Black Owl makes lease accounting compliance a breeze. Our software also offers advanced features such as contract management, rate calculation, sublease management, and various methods for depreciation. Say goodbye to tedious month-end processing and hello to efficient lease management with Black Owl Systems.