---
description: Review of Cradle Software: system overview, features, price and cost information. Get free demos and compare to similar programs.
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title: Cradle | Reviews, Pricing & Demos - SoftwareAdvice GB
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Breadcrumb: [Home](/) > [Property Management Accounting Software](/directory/125/accounting-software/software) > [Cradle](/software/96440/cradle-lease-admin)

# Cradle

Canonical: https://www.softwareadvice.co.uk/software/96440/cradle-lease-admin

> 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
> 
> Verdict: Rated **4.5/5** by 2 users. Top-rated for **Likelihood to recommend**.

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## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.5/5** | 2 Reviews |
| Ease of Use | 4.5/5 | Based on overall reviews |
| Customer Support | 5.0/5 | Based on overall reviews |
| Value for Money | 5.0/5 | Based on overall reviews |
| Features | 4.5/5 | Based on overall reviews |
| Recommendation percentage | 100% | (10/10 Likelihood to recommend) |

## About the vendor

- **Company**: Cradle
- **Founded**: 2019

## Commercial Context

- **Starting Price**: US$99.00
- **Pricing model**:  (Free version available) (Free Trial)
- **Pricing Details**: 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
- **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop), Chromebook (Desktop)
- **Supported Languages**: English
- **Available Countries**: American Samoa, Anguilla, Antigua & Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, Colombia, Cook Islands, Costa Rica, Cuba, Curaçao and 50 more

## Features

- API
- Accounting
- Accounting Integration
- Activity Dashboard
- Ad hoc Reporting
- Alerts/Escalation
- Alerts/Notifications
- Amortisation Schedule
- Asset Lifecycle Management
- Audit Management
- Audit Trail
- Budgeting/Forecasting
- Capitalisation Reporting
- Cash Flow Management
- Compliance Management
- Configurable Workflow
- Contact Management
- Contract/License Management
- Critical Date Alerts
- Currency Conversion

## Support Options

- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- Phone Support
- 24/7 (Live rep)
- Chat

## Category

- [Property Management Accounting Software](https://www.softwareadvice.co.uk/directory/125/accounting-software/software)

## Related Categories

- [Property Management Accounting Software](https://www.softwareadvice.co.uk/directory/125/accounting-software/software)
- [Property Management Apps](https://www.softwareadvice.co.uk/directory/1662/management-apps/software)
- [Lease Accounting Software](https://www.softwareadvice.co.uk/directory/3971/lease-accounting/software)
- [Online Property Management Software](https://www.softwareadvice.co.uk/directory/151/web-based-property-management-software/software)
- [ Integrated Workplace Management Systems (IWMS)](https://www.softwareadvice.co.uk/directory/541/iwms/software)

## Alternatives

1. [Nakisa IWMS](https://www.softwareadvice.co.uk/software/86048/infosite) — 4.5/5 (11 reviews)
2. [Nomos One](https://www.softwareadvice.co.uk/software/98048/nomos-one) — 4.1/5 (27 reviews)
3. [Rex Cirrus8](https://www.softwareadvice.co.uk/software/362620/cirrus8) — 5.0/5 (15 reviews)
4. [Yardi Voyager](https://www.softwareadvice.co.uk/software/2727/yardi-voyager) — 4.2/5 (252 reviews)
5. [RealPage](https://www.softwareadvice.co.uk/software/54209/realpage-pm) — 4.0/5 (130 reviews)

## Reviews

### "Cradle - Lease accounting software" — 5.0/5

> **Danea** | *16 October 2020* | Investment Management | Recommendation rating: 10.0/10
> 
> **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.
> 
> Fantastic. Everything has gone to plan, the software does what it's required to do without a fault and it's very fast.

-----

### "IFRS 16 Transition" — 4.0/5

> **Frank** | *20 July 2020* | Executive Office | Recommendation rating: 10.0/10
> 
> **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.
> 
> 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.

## Links

- [View on SoftwareAdvice](https://www.softwareadvice.co.uk/software/96440/cradle-lease-admin)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.softwareadvice.com/product/96440-cradle/> |
| en-AU | <https://www.softwareadvice.com.au/software/96440/cradle-lease-admin> |
| en-GB | <https://www.softwareadvice.co.uk/software/96440/cradle-lease-admin> |
| en-IE | <https://www.softwareadvice.ie/software/96440/cradle-lease-admin> |
| en-NZ | <https://www.softwareadvice.co.nz/software/96440/cradle-lease-admin> |

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