Navigating IASB

IFRS 16 Software for Compliance

Black Owl software provides comprehensive IFRS 16 lease accounting solutions for both lessees and lessors. 


  • Standard
  • Low Value
  • Short-Term
  • Non-Lease Contracts


  • Finance
  • Operating

Lease Entry


Black Owl's lease entry is designed to be user-friendly, with a simple interface and intuitive navigation, making it easy to input and manage lease data in minutes.

Lease Change

Lease Modifications and Reassessments

Effortlessly make lease modifications and reassessments into a streamlined process, enhancing efficiency, reducing errors, and improving overall lease management.

Retroactive Adjustments

Manage lease changes with ease for both current and retroactive periods maintaining strong audit trails.


Disclosure Reports

Black Owl's system provides complete disclosure reports that meet accounting standards and comply with lease disclosure requirements.

Customizable Lease Hub

Create and save ad-hoc reports based on unique fields. Create reports of upcoming and past critical dates. Easy to copy and paste into Excel.

Multi-Currency Functionality

Foreign Exchange (FX)

Daily foreign exchange rates are automatically imported from any selected financial institution, facilitating automatic currency conversions for functional and reporting purposes.


This functionality further includes the calculation of month-end journal entries and the Cumulative Translation Adjustments (CTA).


IFRS 16 Lease Accounting Software Features

Variable Costs

Variable cost lease agreements can be tracked and units consumed updated in our easy to use month-end close step.


Easily create and track sublease agreements, including multiple levels of subleases.

Mass UpLoads

Mass load template with built-in validations for master data and lease information.

Data security

Black Owl's system provides world-class enterprise security measures to ensure that lease accounting data is protected.

IFRS 16 Software

Lease Accounting Software for IFRS 16 Compliance

We recognize the challenges businesses face in adhering to the new lease accounting standard, IFRS 16, especially for global companies. However, compliance doesn’t have to be overwhelming with our lease accounting software. Whether you are a small company with a limited number of leases or a large organization with a vast lease portfolio, our software provides a seamless and user-friendly interface to ensure your lease accounting remains well-managed.

Black Owl Systems is proud to offer top-tier IFRS 16 lease accounting software. Our solutions simplify compliance and empower businesses to confidently manage their lease portfolio in line with the new rules.

Our lease accounting software is a powerful tool designed to streamline your lease accounting processes. The software ensures accuracy and consistency in managing your lease agreements, allowing you to calculate lease liability accurately and prepare your balance sheet efficiently.

Whether you are managing operating leases, finance leases, or short-term leases, our software will help you stay in control and ensure compliance with IFRS 16.


Black Owl Lease provides a simple and innovative data entry screen for new leases

Excellence in Lease Accounting

Reach out to us for a personalized approach to simplifying your lease accounting journey.

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Frequently Asked Questions

What is IFRS software?

It is a comprehensive solution that helps businesses manage lease accounting, lease liability, lease data, and financial reporting requirements under the IFRS 16 lease accounting standard.

How to implement IFRS 16?

With our software, implementation becomes straightforward. Our team of experts will guide you through the process, ensuring that your business meets all the requirements of the new standard.

What is the application of IFRS 16?

Our lease accounting software at Black Owl Systems ensures your business can smoothly navigate lease accounting complexities. From lease management to operating lease calculations, it helps you tackle all aspects of IFRS 16 compliance.

Is Black Owl a Cloud-Based Software?

Our IFRS 16 lease accounting software is cloud-based, ensuring accessibility and data security. Your lease data is available whenever you need it, from wherever you are. Our software is compliant with regulations and provides reliable data for auditors.