Problem
Organizations struggle with the complexity of lease accounting under ASC 842 and IFRS 16, especially when managing multi-currency reporting and lessor/lessee arrangements. Manual processes and legacy systems often lead to errors, compliance risks, and wasted time. Black Owl eliminates these challenges by simplifying compliance and streamlining reporting for global businesses.
Solution
Black Owl Systems provides a specialized lease accounting platform that automates ASC 842 and IFRS 16 compliance through advanced functionality in our cloud based solution. The system supports complex lessor/lessee arrangements, multi-currency environments, and integrates seamlessly with ERP systems to ensure accurate reporting. With built-in audit trails, granular controls, and real-time data validation, Black Owl delivers precision, scalability, and reliability for global finance teams.
Features Include:
- Lessee and lessor accounting
- Multi-currency & Multi-standards
- Easy-to-Use Lease Creation
- Streamlined Lease Change
- Seamless ERP Integration
Traction
Black Owl Systems has already secured Fortune 100 clients and established a presence across multiple industries, validating the universal need for streamlined lease accounting. Our rapid adoption demonstrates strong product-market fit, while our expanding pipeline of CPAs, corporate sponsors, and global enterprises highlights accelerating demand. This traction positions us for rapid scale and reinforces our credibility as the emerging leader in lease accounting compliance.
Business Model
Black Owl Systems operates on a SaaS subscription model, delivering recurring revenue through tiered plans tailored to enterprise scale and complexity. This model ensures predictable growth, high customer retention, and scalability across industries and geographies.
