Cradle

Cradle is a specialized lease accounting software that simplifies the complexities of compliance with IFRS 16, ASC 842, GASB 87, and GASB 96 standards. Designed as a comprehensive, web-based solution, Cradle automates the management and reporting of lease portfolios, significantly reducing the risk of manual errors and streamlining financial processes. The software is user-friendly, with an intuitive interface specifically tailored for accountants, making it easy to learn and use with minimal training. Cradle integrates seamlessly with existing accounting systems by replicating the general ledger and cost center environments, ensuring compatibility and quick data export. Its functionality includes automation of essential lease accounting tasks such as present value calculations, journal entries, and foreign exchange conversions, ensuring full compliance with applicable accounting standards. The software also supports consolidated reporting across multiple leases, subsidiaries, and currencies, offering flexibility to meet various organizational needs. Key features of Cradle include automated compliance management, foreign exchange accounting, configurable lease management, instant financial reporting, customizable fields and notifications, and secure user role assignments.