Cradle
Streamline lease accounting with Cradle, ensuring ASC 842 and IFRS 16 compliance while generating accurate reports effortlessly for your finance team.
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.
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.