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Cradle

Cradle assists finance departments in streamlining their lease accounting processes, maintaining compliance with ASC 842 and IFRS 16 standards, and producing ti...

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Cradle assists finance departments in streamlining their lease accounting processes, maintaining compliance with ASC 842 and IFRS 16 standards, and producing ti...

Watch Demo Get Pricing
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Product Overview

Cradle assists finance departments in streamlining their lease accounting processes, maintaining compliance with ASC 842 and IFRS 16 standards, and producing timely, precise reports. Although customizing reports may involve some manual effort, it features a user-friendly interface, adaptable lease management capabilities, and dependable support. This makes it a perfect fit for mid-market and large enterprises that handle intricate lease portfolios.

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Product Details

What Is Cradle?

Cradle serves as a specialized lease accounting platform aimed at easing the compliance burden associated with intricate standards such as ASC 842 and IFRS 16. This software automates the creation of vital journal entries and disclosure reports, which helps to significantly minimize the likelihood of errors that can occur with manual calculations. By offering a centralized location for all lease-related information, Cradle enables businesses to stay audit-ready while providing transparency into their financial commitments. Its intuitive interface empowers accounting teams to efficiently handle lease modifications and transitions, thus ensuring ongoing regulatory precision.

Cradle Pricing

The pricing options for Cradle are structured as follows:

  • Small Plan: $99/month (Covers up to 10 leases)

  • Regular Plan: $199/month (Covers up to 20 leases)

  • Enterprise Plan: Custom pricing (Unlimited leases)

Beyond the subscription costs, organizations implementing Cradle should prepare for standard implementation expenses associated with cloud-based property management software. According to industry standards, the setup and portfolio configuration generally fall between $1,500 and $8,000, while data import and lease migration typically range from $1,000 to $5,000. Additionally, optional third-party integrations (such as ERP, accounting, or reporting tools) may incur an extra cost of $1,000 to $7,000.

A complimentary 30-day trial is also available. You can request a customized Cradle price quote that aligns with your unique needs.

Please note: Pricing is subject to change.

Cradle Integrations

The vendor has not disclosed information regarding third-party integrations for this software. To gain further insights into its capabilities, consider scheduling a Cradle demo.

Who Is Cradle For?

Cradle is well-suited for a variety 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?

If you're looking for a dedicated tool that simplifies lease accounting compliance without the complexity of a full ERP system, Cradle could be the perfect solution. Its notable capability lies in managing intricate lease modifications and subleases effortlessly, making it especially appealing in audit-focused settings. Cradle holds SOC 2 Type 2 certification, which helps your team remain proactive in adapting to regulatory changes. Thanks to its user-friendly design, it is particularly advantageous for finance professionals who prioritize accuracy.

If you're still uncertain whether Cradle is the right choice for you, feel free to reach out to our customer support team at info@softwareseekers.com for additional assistance.

Property Management Software Features

✘ mobile ap
✘ compliance
✘ mobile app
✘ purchasing
✘ maintenance
✘ mobile apps
✘ mobile access
✘ time tracking
✘ space planning
✘ area management
✘ billingpayments
✘ case management
✘ lease managment
✘ rent collection
✘ resident portal
✘ asset management
✘ capital projects
✔ expense tracking
✔ lease management
✘ service requests
✘ trust accounting
✘ billing invoicing
✘ tenant management
✘ vendor management
✘ alertsnotifications
✔ compliance tracking
✔ document management
✘ facility management
✔ financial reporting
✔ property accounting
✘ property management
✘ reporting analytics
✘ facility maintenance
✘ insurance management
✘ inventory management
✘ lease administration
✘ maintenance requests
✘ occupancy management
✘ property inspections
✘ tenant communication
✘ client management crm
✘ compliance management
✘ inspection management
✘ work order management
✘ maintenance management
✘ preventive maintenance
✘ reservation management
✔ reporting and analytics
✘ lease renewal management
✘ online portal for tenant
✘ invoicereceipt management
✘ online portal for tenants
✘ issues and case management
✘ budgeting and cost tracking
✘ compliance tracking ifrs 16
✘ security and access control
✘ court calendaring scheduling
✘ maintenance request tracking
✘ rental listing and marketing
✘ resident communication tools
✔ lease and contract management
✔ asset and portfolio management
✘ rent collection and accounting
✘ mobile app for property managers
✘ online portal for tenants guests
✔ integration with financial systems
✘ integration with accounting systems
✘ procurement and property accounting
✘ mobile app for residents and property managers

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

Price

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Frequently Asked Questions

Find answers to the most common queries about our software recommendation service.

No, Cradle does not offer an API.

No, Cradle does not have a mobile app.

Cradle integration details have not been specified by its vendor.

Cradle primarily supports the English language.

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.

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.

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