Cradle Software

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About Cradle

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...

Cradle Pricing

Cradle offers a 30-day free trial, after which the software is available at: - $99 per month for up to 10 leases - $199 per month for up to 20 leases Contact sales@cradleaccounting.com for more pricing information

Starting price: 

$99.00 per month

Free trial: 

Available

Free version: 

Available

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Cradle User Reviews

OVERALL RATING

Showing 2 reviews

Danea

Sierra Funds

Verified reviewer

Company size: 11-50 employees

Industry: Investment Management

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Reviewed October 2020

Cradle - Lease accounting software

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.

Reasons for choosing Cradle

Cradle's pricing is far more competitive. Cradle had all the functionality I required to meet my company's month-end requirements.

Frank

Exco Technologies Limited

Verified reviewer

Company size: 5,001-10,000 employees

Industry: Executive Office

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by the software vendor to submit an honest review.

Ease-of-use

4

Value for money

5

Customer support

5

Functionality

4

Reviewed July 2020

IFRS 16 Transition

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.

Reasons for choosing Cradle

Was only a handful of software packages that filled our need of IFRS 16 accounting without all the other expensive frills. Pricing was right as well as being a local Canadian company.