Cradle - 2026 Pricing, Features, Reviews & Alternatives

Cradle’s Lease Accounting solution is specifically designed to orchestrate and accelerate your lease accounting compliance with ASC 842 and IFRS 16.

The new lease accounting standards are not only complicated; they're material to your financial statements. Lease accounting involves large amounts of data from disparate sources, inconsistent processes and controls, and an enormous amount of manual activities, all while following strict financial reporting guidelines. Work is often completed on spreadsheets and "tracked" with email and paper documents, making it nearly impossible to find when requested by auditors. Rushing to meet deadlines while hoping to detect material errors before they cause problems is practically impossible and not sustainable. Worse, the integrity of financial reporting is at risk.

Cradle provides tools that work in unison to manage and meet your financial reporting requirements under the new lease accounting standards. By embedding process standardization and leveraging accounting automation technology, Cradle becomes your web-based command center, from which you can

manage and account for your entire lease portfolio.

Cradle provides everything you require of the standard and to manage your lease portfolio:

- Ability to capture any contractual payment permutations

- Net present value calculations

- Modification accounting

- Financial reports, including journal entries that can be run at any date range

- Ability mirror a company's GL environment run at any date

- Foreign Exchange accounting

- Custom Fields & Events

- Email reminders