Black Owl

RATING:

4.7

(3)
Overview

About Black Owl

Black Owl is a lease accounting software that helps businesses in the finance sector monitor and manage lease contracts in accordance with IFRS 16 and ASC 842 compliance standards. The platform enables managers to record and reconcile lease adjustments as well as entries on a unified interface. Administrators can generate lease schedules, track variable costs and process payments. Additionally, it lets stakeholders gain insights into contract hierarchy and conduct audit trails using a centralized dashboard.

Black Owl Pricing

Contact Black Owl Systems for pricing details.

Free trial: 

Not Available

Free version: 

Not Available

Black Owl journal entries
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Black Owl Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

5

Customer Support

5

Value for money

5

Functionality

4.5

Most Helpful Reviews for Black Owl

3 Reviews

Scott

Capital Markets, 1,001-5,000 employees

Used weekly for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2022

Lease Accounting Simplified

PROS

We are a private equity firm with 13 operating companies and over 200 leases / subleases in multiple currencies which we previously tracked manually in excel. The Black Owl software helped streamline our processes, removed the burden and frustrations of manual spreadsheets and freed up time in our month-end and quarter end. We felt well supported during the entire implementation process and have been very impressed with the ongoing customer service. The software has a great look and feel and is very intuitive to use. Creating a new lease is quick and easy and the push button reporting functions have simplified our month-end and quarterly disclosures. Being the administrator of the software, I like how straightforward adding companies and updating the master data is. Overall we have been very impressed with the software and the team at Black Owl and would recommend it to anyone whose dealing with the frustrations created by the new leasing standard.

CONS

We don't have any cons to share based on our experience with the software and team at Black Owl to date.

William

Information Technology and Services, 11-50 employees

Used weekly for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed September 2022

Black Owl Lease Accounting

Overall engagement with Black Owl Leasing from sales to project execution has been pleasant and as expected. Black Owl Leasing did not sell us anything that could not be delivered out of the box or provided quickly when we identified the need.

PROS

Communication with the Black Owl team from executives down to the consulting level was easy and responses to our questions were addressed on a timely basis. Features and functionality demonstrated were either delivered out of the box during implementation or addressed very quickly at our request.

CONS

Currently we are using Black Owl Leasing outside of our ERP system with the plan to integrate it fully into JD Edwards so at this time, we have to do manual journal entries until the integration is complete.

Terri

Computer Software, 201-500 employees

Used monthly for less than 12 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed August 2022

Review of Black Owl Lease Accounting Software

Overall, our experience has been very positive.

PROS

Ease of use and quality of customer service.

CONS

Improvements still needed in reporting functionality.