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What is Black Owl?

Black Owl empowers finance executives in both public and private sectors to minimize compliance risks associated with ASC 842 and IFRS 16 while also achieving cost savings through expedited and precise lease accounting. Our platform has been meticulously designed to offer maximum ease of use without unnecessary steps or clicks, ensuring a thorough and all-encompassing experience. This enables effective lease management while adhering to IFRS and US GAAP standards. Our solution is crafted to align seamlessly with leading accounting practices and financial reporting guidelines, providing the capability to accurately record and reconcile all lease entries and necessary adjustments. If you are currently managing leases with Excel and seek a more powerful and user-friendly lease accounting solution, we are here to assist you in enhancing your existing system and cutting down on compliance expenses. Ultimately, our goal is to simplify your lease accounting process while ensuring full compliance and operational efficiency.

What is AMTdirect?

AMTdirect is highly regarded as a top expert in lease administration and accounting, especially for ensuring compliance with FASB 842. Designed specifically for businesses that handle portfolios of 50 or more locations, AMTdirect addresses the daily challenges faced by corporate real estate professionals. This all-encompassing software solution allows users to keep an organized record of property details, lease contracts, associated income and expenses, along with any relevant documentation all in a single, accessible platform. In the context of lessor accounting, it supports adherence to ASC 842, IFRS 16, and GASB 87 for lease receivables, whether they involve third-party entities or intercompany transactions. For lease-level accounting, users gain access to a transparent audit trail that tracks all balance sheet computations for each lease, encompassing amortization, opening and closing liabilities, interest, and depreciation for every reporting period in line with the organization’s unique accounting calendar. This level of detail empowers corporate real estate professionals to oversee their lease commitments with both precision and confidence. Furthermore, the platform's intuitive interface simplifies processes, making it easier for users to sift through intricate lease details, fostering a more efficient workflow overall. By enhancing usability and accuracy, AMTdirect ultimately supports better decision-making in lease management.

Media

Media

Integrations Supported

Integrations Supported

HubSpot CRM
HubSpot Customer Platform
MRI Software
NetSuite

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Company Facts

Organization Name

MRI Software

Date Founded

1971

Company Location

United States

Company Website

www.mrisoftware.com/solutions/lease-accounting-software/

Categories and Features

Lease Accounting

Amortization Schedule
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Portfolio Management

Lease Management

Portfolio Management

Categories and Features

Lease Accounting

Not specified

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