What does Blackowlsystems do?

Black Owl Systems provides cloud lease accounting software for lessee and lessor compliance under IFRS 16, ASC 842 and ASPE 3065.

Who are Blackowlsystems's investors?

Blackowlsystems's investors include Graphite Ventures.

Where is Blackowlsystems headquartered?

Blackowlsystems is headquartered in Calgary, CA.

Blackowlsystems

Calgary, CA · Founded 2020 · 8 employees on LinkedIn · 1 known investors

Black Owl Systems develops cloud-based lease accounting software supporting ASC 842, IFRS 16, and ASPE 3065 for both lessee and lessor accounting, with automation for modifications, multi-entity, and multi-currency reporting. It serves finance and accounting teams at mid-market and enterprise organizations and integrates with ERP systems such as SAP, Oracle, and Microsoft Dynamics.</parameter> <parameter name="founders">[{"full_name": "Aroon Sequeira", "title": "FCPA, FCBV, ICD.D"}, {"full_name": "Greg Kautz", "title": "Chief Executive Officer"}, {"full_name": "Derek Kautz", "title": "Chief Operating Officer"}]

Also known as Black Owl · Black Owl Systems

Enterprise Software Fintech SaaS

Investors · 1

Graphite VenturesToronto · $500K – $1.5M

Company profile

researched Aug 2026

Black Owl Systems develops a lease accounting platform that centralizes lease portfolios and automates the accounting required under IFRS 16, ASC 842 and ASPE 3065. The product consolidates lease data across entities and currencies into a single searchable repository, generates journal entries, produces amortization schedules, and maintains a continuous audit trail intended to support audit-ready reporting and compliance controls at period close.

The platform covers both lessee and lessor accounting in one system, including operating leases, finance leases, sales-type leases, direct financing leases and lessor disclosures, as well as sublease accounting, variable payment structures, non-standard payment frequencies and AP/AR subledger entries. A change engine handles reassessment scenarios such as partial terminations, renewals and right-of-use asset adjustments while preserving historic accuracy and leaving closed periods untouched. The company states the system can produce two complete sets of journal entries for dual IFRS 16 and ASC 842 reporting and run twelve monthly FX-adjusted reports per currency. Black Owl states it holds SOC 1 Type 2 and SOC 2 Type 2 certifications, and that deployment typically takes four to eight weeks depending on data readiness.

Business model

Software platform sold to organizations that manage lease portfolios, delivered with implementation services covering data migration and mapping validation; the company also works with partner firms that provide consultative services during adoption.

▸Full profile — market position, technology, go-to-market, geography

Market position

Operates in the lease accounting compliance software market alongside platforms addressing ASC 842 and IFRS 16 adoption and ongoing lease lifecycle management.

The company positions the platform on unified lessee and lessor accounting within a single system rather than lessor functionality added to a lessee-first product, simultaneous multi-standard and multi-currency handling within one lease without manual aggregation, handling of edge-case lease scenarios, and an implementation team composed of accountants.

Technology

Cloud-based lease accounting application with a centralized lease repository, automated journal entry generation, a change engine for modifications, reassessments, terminations and renewals, multi-entity and multi-currency support with FX-adjusted reporting, dual-standard reporting output, and integration with existing ERP infrastructure.

Go-to-market

Direct sales driven through website demo requests, supported by customer reviews published on G2 and referrals from accounting advisory partners.

Finance and accounting teams responsible for month-end close and lease compliance, ranging from organizations with roughly ten or more leases to those managing tens of thousands of leases across multiple asset classes, entities and accounting standards. Published customer testimonials come from controllers and financial advisors in transportation, financial services, global energy, global mining and accounting advisory.

Geography

Headquartered in Calgary, Canada, serving customers reporting under North American and international accounting standards, including multi-currency and multi-entity groups."}</parameter>

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Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported

Security certificationsJan 2024SOC 1 Type 2 and SOC 2 Type 2 certified

Typical deployment timelineJan 20244 to 8 weeks, depending on data readiness

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 7

by search overlap

Finquery867 shared keywordsFinQuery provides accounting software for lease accounting (ASC 842, IFRS 16, GASB 87 and other standards), debt management with covenant monitoring, and automation of accrued and prepaid expense accounting. Its products, including LeaseQuery, serve corporate finance and accounting teams seeking compliance and faster month-end close.

Visual Lease664 shared keywordsVisual Lease provides lease accounting and management software that helps organizations maintain compliance and manage the financial and operational performance of their lease portfolios. It serves over 1,500 customers.

Debtbook447 shared keywordsDebtBook offers cloud-based treasury, debt, cash, investment, lease, subscription, and contract management software for public finance teams, with tools for GASB 31/40/72/87/96 compliance and financial reporting. It serves state and local governments, higher education, healthcare, and nonprofit accounting teams.

Occupier443 shared keywordsOccupier provides lease administration software for commercial real estate teams at multi-location businesses, centralizing lease data, automating critical date alerts, and enabling real-time portfolio visibility. The platform helps lease administrators and portfolio managers track renewal dates, landlord obligations, and key lease milestones across their entire property portfolio.

Trullion438 shared keywordsTrullion provides AI-powered software for internal and external audit teams that automates testing, data extraction, and reconciliation workflows. The platform centralizes audit work, reduces manual errors, and enables real-time collaboration for financial statement validation.

Lumen305 shared keywordsLumen Learning provides courseware and teaching tools built on open educational resources (OER) for higher education, aimed at faculty and students. Its products support course delivery, faculty professional development, and student-centered learning in colleges and universities.

Hyperbots295 shared keywordsHyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application. The platform uses AI agents pre-trained on financial documents and integrates with ERPs like NetSuite, SAP S/4HANA, Sage, Microsoft Dynamics 365, and QuickBooks for finance and accounting teams.

Companies competing with Blackowlsystems for the same Google search keywords, organic and paid, via search-intersection analysis.

▸Research sources · 1

primary sources listed

Blackowlsystemsblackowlsystems.com · web

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Blackowlsystems do?: Black Owl Systems provides cloud lease accounting software for lessee and lessor compliance under IFRS 16, ASC 842 and ASPE 3065.
Who are Blackowlsystems's investors?: Blackowlsystems's investors include Graphite Ventures.
Where is Blackowlsystems headquartered?: Blackowlsystems is headquartered in Calgary, CA.