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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 Accruent Lucernex?

Lucernex is a software solution that specializes in lease administration and accounting. Offered by Accruent, this intelligent leasing platform enables organizations to effectively handle intricate scenarios involving real estate and equipment leases while minimizing risk and ensuring compliance with FASB and IASB regulations. It provides seamless integration with Enterprise Resource Planning (ERP) tools, enhancing operational efficiency. As a cloud-based lease accounting software platform, Lucernex is specifically engineered to simplify both real estate and equipment leasing processes. By automating lease administration and accounting, it establishes a centralized data repository, serving as a single source of truth. This functionality allows users to gain a comprehensive view of their entire lease portfolio and accurately assess financial obligations. Furthermore, the software aids in pinpointing underperforming assets and capitalizing on favorable lease terms. Additionally, Lucernex enhances team productivity by optimizing workflows, streamlining processes, and facilitating quicker approvals, ultimately contributing to improved decision-making and resource management.

Media

Media

Integrations Supported

Integrations Supported

Accruent Lx Contracts
IFS Ultimo
itamlink

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Company Facts

Organization Name

Accruent

Date Founded

1995

Company Location

United States

Company Website

www.accruent.com/solutions/lease-administration-accounting/lease-administration-accounting-lucernex

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

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