Black Owl Lease Accounting Solution Reviews & Product Details

The Black Owl site is intuitive and easy to use. With only minimal training from a colleague, I was able to jump into the system and create a new lease on my own without any trouble. The prompts and steps are straightforward and easy to follow. The Black Owl team is also very responsive and timely in answering any questions we had. Review collected by and hosted on G2.com.

So far, I haven’t run into any notable pain points while using the software. Review collected by and hosted on G2.com.

Black Owl has simplified every aspect of our lease accounting. We are a PE firm with 14 operating companies across multiple industries, and we previously relied on large, manual Excel workbooks to track hundreds of leases. Now, the ability to easily add new companies, set up users, and add or modify leases, along with the push-button reporting capabilities, saves us significant time each month and quarter. We historically had errors and inconsistencies in our lease data which has been fully eliminated now that we're automated with Black Owl. The software has allowed our operating companies to focus on more value added work at month-end, rather than manually updating spreadhseets. Review collected by and hosted on G2.com.

We have no downsides to note about Black Owl - We were one of the early adopters of the platform and from day one we've been impressed with the ease of implementation, the software itself and the excellent customer service from Greg, Derek and team. Review collected by and hosted on G2.com.

The UI is user friendly and easy to utilize. There is customization of reports in the lease hub which is very helpful when filtering data. There are a couple performance issues requiring refreshes of the browser, however, they are always resolved with the refresh. Excellent support during onboarding! Review collected by and hosted on G2.com.

We are experiencing some difficulties with the import leases function for one specific user which is minor. Otherwise, no complaints. Review collected by and hosted on G2.com.

Making the move to Black Owl has been a huge time saver for our companies’ lease accounting process, as we no longer need to rely on tedious spreadsheets to track and manage our leases. Our month-end reconciliation process has been vastly improved, and our lease reporting has become seamless. From the beginning of our implementation, their support team has always been incredibly responsive and helpful anytime we have a question or need assistance. We would absolutely recommend Black Owl to any company looking to enhance their lease accounting. Review collected by and hosted on G2.com.

Ability to review the lease amortization schedule prior to submitting for approval.

More customizable reporting.

Email notification to the approver when a new lease / lease change is submitted for approval; likewise an email notification to the preparer when a lease has been approved. Review collected by and hosted on G2.com.

The support from Black Owl has been amazing. The software is easy to use and straightforward. The screens highlight the data points that matter and cut out a lot of the noise I’ve seen in other lease accounting software. The implementation process went smoothly due to the support from the Black Owl team. They will lead you every step of the way. I use this software on a daily basis to manage our lease portfolio. The month end process is simple and efficient. Review collected by and hosted on G2.com.

I’d like to see stronger reporting solutions in Black Owl. Right now, the reports feel limited. While you can filter items in the Lease Hub and save those filters, the options for formatting and selecting which records to include are still pretty restricted. There are also a few small bugs in the reporting module that should be corrected. Black Owl is very responsive to suggestions and do an amazing job of implementing user suggestions. Review collected by and hosted on G2.com.

It’s very user-friendly and easy to navigate. Once we integrated over to Black Owl, it was very easy to learn how to navigate the system and teach other users how to use the system. Black Owl includes a journal entry integration that sends our monthly lease journal entries straight into the GL system, which has made our process much more efficient. They also offer a variety of management reports (roll forward, reconciliation, etc.) that are simple to use and helpful for tying our balances back to our Financial Reporting Tool. In addition, the Black Owl team is always willing to jump in when questions or problems come up, and they’re consistently knowledgeable and supportive. During implementation, we had to convert over 600+ leases, and Black Owl’s uploader template file made that conversion a lot easier and more efficient. Review collected by and hosted on G2.com.

The system is still relatively new, so there are a few kinks to work through. We’re also hoping to see some enhancements added to the system soon. Review collected by and hosted on G2.com.

Black Owl Lease Accounting Solution stands out for how intuitive and efficient it makes what is usually a complex process. One of its biggest strengths is the way it handles lease compliance requirements smoothly, without making the user feel overwhelmed.

The interface is clean and user-friendly, so you don’t have to be a technical expert to find your way around. It streamlines the full workflow, from lease entry through reporting, saving a significant amount of time and helping reduce the risk of manual errors. The automation features are a major plus, taking care of calculations, amortization schedules, and journal entries with impressive accuracy.

Reporting is another strong point. It produces clear, audit-ready reports that are easy to customize, which is especially helpful during month-end close or audits. The system also scales well; whether you’re managing a handful of leases or a large portfolio, it remains consistent and dependable.

Overall, it’s a reliable, well-designed solution that simplifies lease accounting and helps users feel confident in their numbers. Review collected by and hosted on G2.com.

One of the main drawbacks of Black Owl Lease Accounting Solution is that parts of the reporting functionality can feel not as customizable as I would like. While it covers the essentials, added flexibility in formatting and more in-depth reporting options would make it even stronger. Review collected by and hosted on G2.com.

The user interface is easy to use, and it connects smoothly to our ERP system, SAP. Review collected by and hosted on G2.com.

Being able to add monthly journal entry updates for cost centres/projects. Review collected by and hosted on G2.com.

I really like Black Owl Lease Accounting Solution because the user interface is very user-friendly and attractive. The design is well thought out and the reporting package is sophisticated, which supports monthly reporting, internal management, and disclosure reporting. The ability to customize the solution to meet my company's specific business requirements is a huge plus. We have a lot of information at our fingertips through the reports, which adds efficiency and accuracy to our analysis. Review collected by and hosted on G2.com.

I think foreign exchange is always kind of an ongoing improvement area. It's just naturally complex and very, very nuanced. They're taking steps in terms of scaling their size, which kind of has its own challenges. As they do scale and grow, their level of support and enhancement will, I think, be greatly increased in terms of turnaround. There are a few workarounds that I use in Excel right now that I would rather not have. That goes to just Black Owl's capability of turning around enhancements at a quicker pace, which I think comes with scaling. The initial setup was easy from a data conversion standpoint, but the challenges were around some of the sophisticated configurations and some integrations. Review collected by and hosted on G2.com.

In a prior role as a Big Four audit and advisory partner, I worked with multiple clients on lease accounting under ASC 842 and IFRS 16 and have seen first-hand what works well in ongoing operations.

Black Owl is one of the most complete lease accounting platforms I have seen in practice. It is built for ongoing operations, not just initial adoption.

It handles day-to-day lease lifecycle work well, including modifications, reassessments, terminations, renewals, and non-standard payment patterns.

It also supports complex requirements like multi-entity and multi-currency reporting, foreign exchange impacts, and both lessee and lessor accounting in a single platform.

The team understands lease accounting and the reality of month-end. I have recommended Black Owl to clients and I will continue to do so. Review collected by and hosted on G2.com.

There is nothing that I dislike about the Black Owl Lease Solution. Review collected by and hosted on G2.com.