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What is Soft4Lessee?

The transition from conventional accounting practices to the revised standards of IFRS 16, AASB 16, and ASC 842 introduces several hurdles for companies, such as adhering to new compliance requirements, the necessity for detailed data gathering and processing, and the heightened complexity faced by accountants. Instead of depending on obsolete lease calculators, organizations should explore modern, streamlined, and intuitive lease accounting software designed specifically to align with IFRS 16, AASB 16, and ASC 842 guidelines. Our cutting-edge lease accounting platform not only simplifies workflows but also offers remarkable adaptability and flexibility to cater to various organizational demands. Whether you are part of a SaaS enterprise or any other type of business, the Soft4Lessee accounting solution improves lease management, making it quicker, more economical, and significantly easier to handle. Additionally, our software enables automation of multiple processes, facilitates seamless data import and export with Microsoft Excel, and supports integration with XML and various other formats, ultimately enhancing operational efficiency and precision. This holistic solution guarantees that your organization stays compliant while refining its lease accounting processes, paving the way for future growth and adaptability in a rapidly changing regulatory landscape. Hence, investing in advanced lease accounting software is a strategic move that can greatly benefit businesses in the long run.

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

NetSuite
SAP Business One

Integrations Supported

API Availability

API Availability

Pricing Information

$99 per month
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
Windows
Mac

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Soft4Lessee

Date Founded

2008

Company Location

Lithuania

Company Website

soft4lessee.com

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Categories and Features

Financial Reporting

Audit Trail
Consolidation / Roll-Up
Forecasting
General Ledger
Multi-Company
Multi-Department / Project

Lease Accounting

Amortization Schedule
Asset Management
Budgeting & Forecasting
Expense Tracking
For Equipment Leases
For Real Estate

Lease Management

Commercial Leases
Lease Classification
Property Management
Sublease Management

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

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