YOUR AUTOMATION SOLUTION Lease accounting software done right
Compliance with IFRS 16 and ASC 842 is time-consuming, complex, and susceptible to manual error. With Cradle as your web-based command center, these issues disappear.
Compliance with IFRS 16 and ASC 842 is time-consuming, complex, and susceptible to manual error. With Cradle as your web-based command center, these issues disappear.
Automate arduous tasks that come with complying with the new lease accounting standards. Standardizing your lease financial reporting process across your entire organization not only drastically reduces the opportunity for manual error but also streamlines your financial reporting.
Significantly reduce your time spent managing and accounting for your lease portfolio. Cradle automatically does complex present value calculations, modifications, journal entries and all of the required financial reporting needed to stay compliant.
Whether it’s receiving an email reminder to follow up regarding the renewal of a leased asset, or a request from the CFO to know the current impact of the consolidated portfolio on the financial statements—you can do it all with Cradle.
"Cradle has been a joy to work with. They have no red tape and our queries are 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. Would highly recommend."
Everything you need for your lease accounting
Improve the speed, accuracy, and reliability of your lease accounting. By leveraging a combination of data and process standardization, embedded internal controls, and real-time reporting, have clear visibility into your lease portfolio.
You can configure Cradle to replicate the general ledger and cost centre environment of your applicable general ledger. Once set up, exporting your accounting data into your accounting system takes seconds.
Our pricing starts at $99 per month. This plan allows you to manage up to 10 agreements. We also have $199 plan for portfolios up to 20. If you have a larger portfolio, please book a demo or call +1 (888) 738-8030.
It comes down to how you value your time. Lease accounting can easily take hundreds, if not thousands of hours, depending on the portfolio's size. By using Cradle, you can streamline your month-end reporting requirements to be done in minutes instead. It even removes the risk of manual calculation errors. Another benefit is that it allows teams from multiple business areas to work together. Not to mention the ability to have all your critical information regarding your lease portfolio at your fingertips.
We offer a number of different options. You can, of course, enter the data yourself or request us to help. Depending on the size of your portfolio, you can also leverage one of our partners. For more information, please reach out to sales@cradleaccounting.com.