Black Owl Lease Accounting

About

Black Owl Systems is a cloud-based lease accounting software platform founded in 2020 and based in Calgary, Canada. The company focuses on automating lease accounting compliance for finance and accounting teams in organizations of all sizes. Founded by Greg Kautz, a CPA, the platform is designed by accountants for accountants, prioritizing simplicity and comprehensive functionality. The unified lease accounting platform automates compliance with major accounting standards, including ASC 842, IFRS 16, and ASPE 3065. It supports both lessee and lessor accounting, catering to mid-market and enterprise organizations. Key features include automated lease data entry, instant journal-entry generation, multi-currency support, and integration with major ERP systems like SAP and Oracle. The platform also offers detailed audit trails and out-of-the-box reporting capabilities. Black Owl Systems is committed to security and compliance, holding SOC 1 Type 2 and SOC 2 Type 2 certifications. Implementations are efficient, typically completed in weeks, and subscription pricing is based on lease volume and reporting needs. Users appreciate the intuitive interface and the significant improvements in their accounting processes.