About Cradle

Cradle is a lease accounting software designed to help streamline the entire lease management lifecycle, from initial recognition and modification to financial reporting. Administrators can add custom fields in legal contracts, store documents in a centralized repository, and utilize the search functionality to retrieve specific files from the database.

Organizations can grant role-based access permissions to employees and create personalized user profiles with details including name, email, and company. Cradle allows accountants to handle financial operations in compliance with IFRS 16 and ASC 842 standards. It also lets users access income statements, balance sheets, or disclosures and gain an overview of key metrics through actionable analytics.

Using Cradle, businesses can maintain a record of journal entries related to asset retirement obligations, security deposits, leasehold improvements, and more. Other features include net present value (NPV) calculation, forecasting, data export, general ledger, and team collaboration.

Key benefits of Cradle

ENGINEERED COMPLIANCE Increased accuracy is driven by removing human error from standardized lease
accounting processes through automation; this reduces the risk of misstatement and ensures regulatory compliance and increased financial statement integrity.

STREAMLINE MONTH END Run your financial reports in your chosen currency—in compliance with ASC 842 &
IFRS 16—instantly, and make your month-end effortless.

KNOW THE STATUS OF YOUR PORTFOLIO Key events that impact lease accounting are captured in one place. Everyone involved, from staff accountants to the controller, and other teams in the organization can access critical leasing information when it counts.

DO MORE WITH LESS By automating important but repetitive tasks, accounting can be more agile to your
business's needs. As demands on the organization grow, you are ready to scale to meet the challenge.

CENTRALIZE DOCUMENTATION Attach and store all supporting documentation in one secure location.

Devices

Business size

S M L

Markets

United States, Canada, Brazil

Supported Languages

English

Images

Cradle journal entries
Cradle key metrics
Cradle user profiles
Cradle modifications
View 5 more
Cradle screenshot: Cradle journal entries Cradle screenshot: Cradle key metrics Cradle screenshot: Cradle user profiles Cradle screenshot: Cradle modifications

Features

Total features of Cradle: 30

  • Access Control
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Analytics
  • Asset Management
  • Auditing
  • Built-In Database
  • Business Analysis
  • Collaboration Tools
  • Compliance Management
  • Contract Drafting
  • Contract Management
  • Custom Fields
  • Data Import/Export
  • Financial Analysis
  • Financial Management
  • Forecasting
  • General Ledger
  • Graphical Planning
  • Multiple User Accounts
  • Performance Reports
  • Permission Management
  • Personalized Profiles
  • Portfolio Management
  • Records Management
  • Reporting & Statistics
  • Role-Based Permissions
  • Search Functionality
  • User Management

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Reviews

Overall rating

4,5 /5
(2)
Value for Money
5/5
Features
4,5/5
Ease of Use
4,5/5
Customer Support
5/5

Already have Cradle?

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Showing 5 reviews of 2
Danea T.
Overall rating
  • Industry: Investment Management
  • Company size: 11-50 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Cradle - Lease accounting software

Reviewed on 2020/10/16

Fantastic. Everything has gone to plan, the software does what it's required to do without a fault...

Fantastic. Everything has gone to plan, the software does what it's required to do without a fault and it's very fast.

Pros

Accounting for my leased assets now takes minutes and I have the peace of mind that the calculations are correct. Since using Cradle the time spent on my month-end close for lease accounting has been dramatically reduced.

Cradle is also very easy to use, so there's no need to familiarize yourself or re-train your staff members when you haven’t used an aspect of the software e.g. modification accounting.

Cons

Since signing-up, Cradle has already released a number of features that have greatly helped my lease accounting/management. I appreciate the fact Cradle not only take on my feedback but roll-out functionality to specifically address these points. Noting this, there are some additional features I’d like e.g. lessor accounting. However, it's been communicated that will be rolled out in the coming months.

Frank P.
Overall rating
  • Industry: Executive Office
  • Company size: 5 001-10 000 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

IFRS 16 Transition

Reviewed on 2020/07/20

Cradle has been a joy to work with. Being a smaller company, they have no red tape and our queries...

Cradle has been a joy to work with. Being a smaller company, they have no red tape and our queries with dealt with promptly and efficiently. They were able to make custom enhancements with ease and have been very helpful and instrumental in our success for transition to IFRS 16. Would highly recommend.

Pros

Does exactly what we need it to do. It is straight forward and easy to use even for the most basic user. Implementation was very fast and seamless. Able to roll out to individual divisions with ease.

Cons

Consolidation and FX functionality would be nice to have, but was not a critical factor for us. Help menus could be more intuitive, with better field descriptions.

Cradle FAQs

Below are some frequently asked questions for Cradle.

Cradle offers the following pricing plans:

  • Starting from: US$79,00/month
  • Pricing model: Subscription
  • Free Trial: Available

Cradle offers a 60-day free trial, after which the software is available at $79 per month for 10 leases. Contact Cradle for more pricing information

Cradle offers the following features:

  • Asset Management
  • Portfolio Management

Cradle has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Cradle supports the following languages:

English

We do not have any information about what devices Cradle supports

We do not have any information about what integrations Cradle has

Cradle offers the following support options:

Phone Support, FAQs, Knowledge Base, Online Support

Related categories

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