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.

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.

This software is easy to use, with an intuitive interface. Their customer service is exceptional; responsive, knowledgeable, and genuinely helpful.