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What is Crunchafi Lease Accounting?

Crunchafi Lease Accounting—formerly LeaseCrunch—is a powerful, cloud-based platform that simplifies lease compliance for firms and enterprises alike. It automates every stage of the lease accounting process, enabling teams to generate accurate ASC 842, GASB 87/94/96, and IFRS 16-compliant reports without manual spreadsheets or complex calculations. Users can upload lease documents, and Crunchafi’s AI lease abstraction automatically identifies critical details such as terms, renewal options, start/end dates, and asset classifications. The system then produces audit-ready journal entries, amortization schedules, and footnote disclosures in just a few clicks. With Dual Access, firms and clients collaborate securely from one dashboard, ensuring data consistency and eliminating redundant work. Annual SOC 1 Type II and SOC 2 Type II reports verify the platform’s commitment to secure, accurate, and transparent financial reporting. Crunchafi also provides comprehensive training and support, including resources from CPAs, Big Four auditors, and financial software experts. Its intuitive workflows shorten implementation time and minimize errors, allowing firms to save hours per engagement. Whether managing a few leases or thousands, Crunchafi scales effortlessly to fit your organization’s needs. With automation at its core, it transforms lease accounting from a manual burden into a strategic advantage.

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.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Crunchafi

Date Founded

2016

Company Location

United States

Company Website

www.crunchafi.com

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database

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