Black Owl

Black Owl Systems provides a cloud-based lease accounting platform that supports both lessee and lessor accounting under major standards like ASC-842, IFRS-16, and ASPE-3065. The platform enables quick lease entry, manages changes, and generates necessary journal entries and amortization schedules. It also supports sales-type, direct financing, operating leases, automated interest/depreciation calculations, sub-lease management, and multi-entity/multi-currency portfolios. Black Owl Systems emphasizes automation, compliance, audit readiness, and operational efficiency in managing lease portfolios.