Calgary, AB – November 1, 2021 – Black Owl Systems Inc., developer of lease accounting software, announced today that it has entered into a joint business relationship with PwC Canada, delivering to clients a modern cloud-based accounting system founded on strong accounting principles.
Black Owl has developed an innovative solution to help companies comply with both IFRS and US GAAP financial reporting regulations. Their system streamlines the lease administration and accounting processes, delivering a robust enterprise solution that can be used with any ERP or accounting system and suitable for organizations of any size.
Lease accounting can be quite complex and increase the time and effort required to ensure calculations and disclosures are correct. Black Owl is setting a new benchmark in lease accounting with an easy to use, yet comprehensive and complete solution.
Our announcement underscores our commitment to grow our company to deliver innovative lease accounting solutions, solving complex accounting challenges, and leveraging modern software technologies.
“The PwC Canada and Black Owl teams worked strategically and collaboratively to achieve a solution that effectively streamlines lease accounting,” said Adam Boutros, National Assurance Markets Lead, Future of Finance Leader and Partner at PwC Canada. “The urgency for organizations to transform and digitally accelerate to align with the new ways of working has never been more significant. By leading these changes with a comprehensive approach to finance transformation and a move to the cloud, it allows more capacity for transformative results.”
The joint business relationship enables PwC and Black Owl to work together, where permitted by professional and regulatory requirements, to leverage PwC’s experience in delivering lease accounting services, and Black Owl’s expertise in developing software for lease administration and accounting.
About PwC Canada
PwC Canada helps organizations and individuals create the value they’re looking for. More than 7,300 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 284,000 people in 155 countries. Find out more by visiting us at www.pwc.com/ca.
PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see http://www.pwc.com/structure for further details.
About Black Owl
Black Owl Systems Inc. is a Canadian company, developing and delivering innovative accounting solutions designed by accountants for accountants. Their system is built to comply with IFRS 16 and ASC 842 standards but follows the methodologies of standard accounting practices. Our business applications are developed in North America using modern cloud-based technologies to ensure delivery of leading global enterprise solutions.