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Black Owl Software

Black Owl Software

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.

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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

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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
A customized Black Owl software price quote can be requested to determine the most suitable plan based on specific business goals and anticipated growth objectives.

Black Owl Software Integrations

Black Owl software features integration with several third-party applications, including:

Watch a free Black Owl software demo to learn more about its integration arrangements.

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

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.

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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.

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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.

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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.

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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.

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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

Stars

67%

4

Stars

33%

3

Stars

0%

2

Stars

0%

1

Stars

0%

Share your experience

S

Scott

Capital Markets, 500+ employees

Less than a year

5.0
October 2022

“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

W

William

Information Technology and Services, 11-50 employees

Less than a year

5.0
September 2022

“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

T

Terri

Computer Software, 101-500 employees

Less than a year

4.0
August 2022

“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

View All 3 Reviews

Frequently Asked Questions

Black Owl software offers integration with a range of third-party applications, including SAP, Infor, Oracle JD Edwards, Microsoft Dynamics, Acumatica, Workday, and Nextworld.

Black Owl software is tailored to support various sectors within the property management industry, including real estate, retail, manufacturing, technology, healthcare, hospitality, and automotive.

Black Owl software provides support through a demo, email/helpdesk, the discovery call, FAQs, and a knowledge base.

No, Black Owl software does not offer API access.

Black Owl software supports English.

Black Owl software does not include a dedicated mobile application but remains accessible through web browsers across a range of devices.

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.