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Overview
Cradle helps finance teams automate lease accounting, ensure compliance with ASC 842 and IFRS 16, and generate accurate, quick reports. While reporting customizations require manual work, it offers an intuitive interface, flexible lease management, and reliable support. This makes it ideal for mid-market and enterprise organizations managing complex lease portfolios.
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Starting Price
Custom
Cradle Specifications
Lease Management
Property Accounting
Document Management
Expense Tracking
What Is Cradle?
Cradle is a dedicated lease accounting solution designed to simplify compliance with complex standards like ASC 842 and IFRS 16. The software automates the generation of essential journal entries and disclosure reports, significantly reducing the risk of manual calculation errors. By providing a centralized repository for all lease data, Cradle helps businesses maintain audit-readiness and provides clear visibility into financial obligations. Its streamlined interface allows accounting teams to manage lease modifications and transitions efficiently, ensuring long-term regulatory accuracy.
Cradle Pricing
Cradle pricing plans are given as follows:
- Small Plan: $99/month (Up to 10 leases)
- Regular Plan: $199/month (Up to 20 leases)
- Enterprise Plan: Custom pricing (Unlimited leases)
In addition to the subscription fee, organizations adopting Cradle should anticipate standard implementation costs for cloud-based property management software. Based on industry benchmarks, setup and portfolio configuration typically range from $1,500 to $8,000, data import and lease migration from $1,000 to $5,000, and optional third-party integrations (ERP, accounting, or reporting tools) may add $1,000 to $7,000.
Disclaimer: The pricing is subject to change.
Cradle Integrations
Who Is Cradle For?
Cradle is ideal for a wide range of industries and sectors, including:
- Accounting
- Manufacturing
- Healthcare and life sciences
- Pharmaceuticals
- Finance and mortgage
- Retail and commerce
- Transportation and logistics
Is Cradle Right For You?
Cradle is an excellent choice for businesses seeking a specialized tool to master lease accounting compliance without the complexity of a full ERP. Its standout feature is its ability to handle complex lease modifications and subleases with ease, making it a favorite for audit-heavy environments. Cradle is SOC 2 Type 2 certified, ensuring your team stays ahead of regulatory changes. Its user-friendly design makes it the best fit for finance professionals aiming for precision.
Still unsure whether Cradle software is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.
Cradle Features
This feature allows users to generate accurate financial statements for their lease portfolio instantly. It ensures compliance with applicable lease accounting standards, provides real-time reporting across agreements, supports drill-down analysis, and allows finance teams to review, reconcile, and forecast efficiently without manual effort.
Users can automate the conversion of foreign-denominated leases into their functional currency by entering applicable exchange rates. The software ensures compliance with IAS 21 and ASC 830, improves accuracy, reduces manual errors, and streamlines accounting for multi-currency leases across the entire portfolio.
Cradle software provides a fully customizable lease management system to meet diverse company requirements. Users can tailor workflows, manage agreements according to organizational structure, track lease events, and maintain centralized control, enabling efficient administration and consistent oversight of complex or large lease portfolios.
This feature allows companies to personalize lease agreement templates with additional fields and sections. Users can capture unique data points, organize portfolio information meaningfully, search and export custom fields, and ensure that every lease reflects the organization's specific requirements and reporting needs.
The software enables users to set automated email alerts for key lease events. Notifications help track critical dates, deadlines, or modifications, ensuring that finance teams and stakeholders remain informed, avoid missed actions, and maintain accuracy and compliance throughout the lifecycle of each lease agreement.
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