Last Updated
Overview
Black Owl software stands out with its intuitive design, scalable features, and seamless reporting tools, making lease accounting a breeze. It streamlines compliance and reduces manual tasks across operations. While ERP integration may require initial manual entries, the overall experience delivers efficient workflows, and reliable functionality for lease management success.
Overall Rating
Based on 3 users reviews
4.7
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
Black Owl Software Specifications
- Lease Management
- Property Accounting
- Document Management
- Reporting and Analytics
What Is Black Owl Software?
Black Owl is a lease accounting software designed for the financial sector to streamline lease recording, reconciliation, and management. The platform supports compliance with ASC 842 and IFRS 16 standards. Administrators access a centralized dashboard to adjust lease data, view contract structures, manage fees, track variable costs, and organize attachments. Stakeholders generate accurate lease schedules and maintain up-to-date balance sheets, enhancing visibility, control, and compliance across lease portfolios.
Black Owl Software Pricing
Black Owl Software pricing is designed to be flexible and scalable, accommodating evolving operational requirements. The software includes interesting solutions for:
Companies:
- Small Business
- Large Companies
- Enterprise
CPA Firms:
- CPA Essentials
- CPA Advanced
Black Owl Software Integrations
Black Owl software features integration with several third-party applications, including:
- SAP
- Infor
- Oracle JD Edwards
- Microsoft Dynamics
- Acumatica
- Workday
- Nextworld
Who Is Black Owl Software For?
Black Owl software is designed to support operations within the property management industry, including areas such as:
- Real estate
- Retail
- Manufacturing
- Technology
- Healthcare
- Hospitality
- Automotive
Is Black Owl Software Right For You?
Black Owl Systems offers purpose-built lease accounting software for finance and IT professionals, designed to simplify lease workflows and regulatory compliance. The platform supports lessee and lessor needs, manages multi-currency transactions, and integrates with all ERP systems. Its secure, cloud-based structure and intuitive interface make it a strong choice for organizations seeking scalable, regulation-aligned lease automation and efficient reporting tools.
Still evaluating Black Owl software? Call (661) 384-7070 for more information and personalized assistance.
Black Owl Software Features
Reporting
The flexible report generation feature supports multiple criteria, including date ranges and categories. The platform enables detailed, criteria-based filtering to produce insightful reports tailored to specific needs within Black Owl software.
Master Data
Black Owl software supports seamless integration with any ERP system, allowing mass uploads, flexible remapping, and automatic FX rate handling. It enables the creation of custom attributes for precise data capture and tracking within Black Owl software.
Calculations
The software handles complex accounting tasks such as accruals, prepaids, and cost allocations. It supports multiple depreciation methods, prorates mid-period leases, and enables liability classification within the financial framework of Black Owl software.
Lease Entry
Black Owl software facilitates streamlined lease setup with validation checks, proper coding, and complete schedules. Draft functionality, approval workflows, and notifications enhance process control within the platform’s lease management capabilities.
Monthly Accounting
The system automates month-end processes by handling FX and CTA calculations, generating detailed reports, and creating structured journal entries. It efficiently streamlines period management and lease-end adjustments, seamlessly integrating with the comprehensive financial workflows supported by Black Owl software.
Pros And Cons of Black Owl Software
Pros
Streamlines lease management processes, replacing manual Excel tracking
Reduces the burden and frustration of manual spreadsheets
Straightforward company addition and master data updates
Cons
Manual journal entries are required until full integration with JD Edwards ERP is completed
Reporting functionality could be improved
Black Owl Software Reviews
Total 3 reviews
4.7
All reviews are from verified customers
Rating Distribution
5
Stars67%
4
Stars33%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Capital Markets, 500+ employees
Less than a year
“It simplified lease accounting”
Pros
Our private equity firm manages 13 operating companies and over 200 leases and subleases in multiple currencies. Before that ,we tracked everything manually in Excel, which was frustrating and time-consuming. Black Owl software streamlined all our processes, eliminating the spreadsheet hassle and freeing up time during month end and quarter end. The support during implementation was excellent and the ongoing customer service has impressed us as well. The software looks great, feels intuitive and creating new leases is quick and easy, also the push button reporting has simplified our financial disclosures significantly. As the software administrator, I appreciate how easy it is to add companies and update master data. Overall we are very happy with Black Owl and would recommend it to anyone dealing with challenges from the new leasing standards.
Cons
So far, we have not seen any downsides with the Black Owl software or their team.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Information Technology and Services, 11-50 employees
Less than a year
“Quality services from Black Owl”
Pros
Black Owl team communication was incredible, from executives to consultants, it was so smooth and timely. Any features demonstrated were either available out of the box or quickly addressed upon our requests during implementation.
Cons
We currently use Black Owl Leasing separately from our ERP system, with plans to fully integrate it into JD Edwards. Until then, we still handle manual journal entries.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Computer Software, 101-500 employees
Less than a year
“Great team and software”
Pros
The software is easy to use and the customer service is top-notch.
Cons
Reporting functionality could use some improvements.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
8
Functionality
8
Frequently Asked Questions
What other apps does Black Owl software integrate with?
Black Owl software offers integration with a range of third-party applications, including SAP, Infor, Oracle JD Edwards, Microsoft Dynamics, Acumatica, Workday, and Nextworld.
Who are the typical users of Black Owl software?
Black Owl software is tailored to support various sectors within the property management industry, including real estate, retail, manufacturing, technology, healthcare, hospitality, and automotive.
What level of support does Black Owl software offer?
Black Owl software provides support through a demo, email/helpdesk, the discovery call, FAQs, and a knowledge base.
Does Black Owl software offer an API?
No, Black Owl software does not offer API access.
What language does Black Owl software support?
Black Owl software supports English.
Does Black Owl software have a mobile app?
Black Owl software does not include a dedicated mobile application but remains accessible through web browsers across a range of devices.
What types of pricing plans does Black Owl software offer?
Black Owl software cost model features a scalable structure designed to support evolving operational needs, offering tailored solutions for small businesses, large companies, enterprises, and CPA firms, with custom quotes available based on specific goals and growth plans.