Cradle Pricing, Features, Reviews & Comparison of Alternatives

Cradle

Lease Accounting Done Right

4.5/5 (2 reviews)

Cradle overview

What is Cradle?

Cradle is a lease accounting software designed to help streamline the entire lease management lifecycle, from initial recognition and modification to financial reporting. Administrators can add custom fields in legal contracts, store documents in a centralized repository, and utilize the search functionality to retrieve specific files from the database.

Organizations can grant role-based access permissions to employees and create personalized user profiles with details including name, email, and company. Cradle allows accountants to handle financial operations in compliance with IFRS 16 and ASC 842 standards. It also lets users access income statements, balance sheets, or disclosures and gain an overview of key metrics through actionable analytics.

Using Cradle, businesses can maintain a record of journal entries related to asset retirement obligations, security deposits, leasehold improvements, and more. Other features include net present value (NPV) calculation, forecasting, data export, general ledger, and team collaboration.

Pricing

Starting from
$79/month
Pricing options
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Brazil

Supported languages

English
Cradle screenshot: Cradle journal entriesCradle screenshot: Cradle key metricsCradle screenshot: Cradle user profilesCradle screenshot: Cradle modifications

Cradle user reviews

Excellent
1

Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.5
  4.5
  5.0
Danea Threadgill Riley

Cradle - Lease accounting software

Used monthly for 6-12 months
Reviewed 2020-10-16
Review Source: Capterra

Fantastic. Everything has gone to plan, the software does what it's required to do without a fault and it's very fast.

Pros
Accounting for my leased assets now takes minutes and I have the peace of mind that the calculations are correct. Since using Cradle the time spent on my month-end close for lease accounting has been dramatically reduced. Cradle is also very easy to use, so there's no need to familiarize yourself or re-train your staff members when you haven’t used an aspect of the software e.g. modification accounting.

Cons
Since signing-up, Cradle has already released a number of features that have greatly helped my lease accounting/management. I appreciate the fact Cradle not only take on my feedback but roll-out functionality to specifically address these points. Noting this, there are some additional features I’d like e.g. lessor accounting. However, it's been communicated that will be rolled out in the coming months.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Frank Parisi

IFRS 16 Transition

Used monthly for 6-12 months
Reviewed 2020-07-20
Review Source: Capterra

Cradle has been a joy to work with. Being a smaller company, they have no red tape and our queries with 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 to IFRS 16. Would highly recommend.

Pros
Does exactly what we need it to do. It is straight forward and easy to use even for the most basic user. Implementation was very fast and seamless. Able to roll out to individual divisions with ease.

Cons
Consolidation and FX functionality would be nice to have, but was not a critical factor for us. Help menus could be more intuitive, with better field descriptions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Cradle pricing

Starting from
$79/month
Pricing options
Subscription
Free trial
View Pricing Plans

Cradle offers a 60-day free trial, after which the software is available at $79 per month for 10 leases. Contact Cradle for more pricing information

Cradle features

Accounting Integration
Accounting Management
Activity Dashboard
Compliance Management
Data Import/Export
Financial Analysis
Reporting & Statistics

API (333 other apps)
Audit Trail (164 other apps)
Automatic Notifications (188 other apps)
Billing & Invoicing (217 other apps)
Customizable Reporting (190 other apps)
Electronic Payments (193 other apps)
Expense Tracking (174 other apps)
Invoice Management (260 other apps)
Invoice Processing (175 other apps)
Multi-Currency (182 other apps)
Real Time Data (167 other apps)
Third Party Integration (259 other apps)
Workflow Management (186 other apps)

Additional information for Cradle

Key features of Cradle

  • Amortization Schedule
  • Budgeting & Forecasting
  • Critical Date Alerts
  • For Equipment Leases
  • For Real Estate
  • Payment Tracking
  • Reporting/Analytics
View All Features

Benefits

ENGINEERED COMPLIANCE Increased accuracy is driven by removing human error from standardized lease
accounting processes through automation; this reduces the risk of misstatement and ensures regulatory compliance and increased financial statement integrity.

STREAMLINE MONTH END Run your financial reports in your chosen currency—in compliance with ASC 842 &
IFRS 16—instantly, and make your month-end effortless.

KNOW THE STATUS OF YOUR PORTFOLIO Key events that impact lease accounting are captured in one place. Everyone involved, from staff accountants to the controller, and other teams in the organization can access critical leasing information when it counts.

DO MORE WITH LESS By automating important but repetitive tasks, accounting can be more agile to your
business's needs. As demands on the organization grow, you are ready to scale to meet the challenge.

CENTRALIZE DOCUMENTATION Attach and store all supporting documentation in one secure location.