Cradle

Cradle

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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

Cradle Features

Instant Financial Reports

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.

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Foreign Exchange Accounting

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.

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Configurable Lease Management

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.

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Custom Fields

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.

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Notifications

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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Pros And Cons of Cradle

Pros

  • Makes the lease accounting process straightforward

  • Accelerates the reporting process with improved efficiency

  • Automatic reminders help manage lease contracts effectively

Cons

  • Unavailability of the deferred tax calculation feature

  • Handling large datasets is somewhat tedious

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Frequently Asked Questions

Does Cradle offer an API?

No, Cradle does not offer an API.

Does Cradle have a mobile app?

No, Cradle does not have a mobile app.

What other apps does Cradle integrate with?

Cradle integration details have not been specified by its vendor.

What language does Cradle support?

Cradle primarily supports the English language.

What types of pricing plans does Cradle offer?

Cradle offers three pricing plans, i.e., Small at $99/month (maximum 10 leases), Regular at $199/month (maximum 20 leases), and an Enterprise plan (unlimited leases) with custom pricing, as well as a 30-day free trial option. Request a personalized Cradle cost plan for your business today.

Who are the typical users of Cradle?

Cradle features are primarily used by organizations and professionals across multiple industries and sectors, including transportation and logistics, retail and commerce, accounting, manufacturing, finance and mortgage, healthcare and life sciences, and pharmaceuticals.

What level of support does Cradle offer?

Cradle provides support through phone, email, FAQs, and a resource center.