On the recordRead 30 Sep 202615 facts
Cradle
Toronto, Ontario, Canada
Plans and prices
Small Plan
$99a month
up to 10 agreements · unlimited users · no training · IFRS 16, ASC 842 and FRS 102
Read 30 Sep 2026 · cradleaccounting.com
Regular Plan
$199a month
up to 20 leases · unlimited users · no training · IFRS 16, ASC 842 and FRS 102
Read 30 Sep 2026 · cradleaccounting.com
Enterprise
Priced on request
20 - 10,000+ agreements · training · private servers · choice of geographical server location
Read 30 Sep 2026 · cradleaccounting.com
On the record
- Automated accounting
- Cradle automatically performs present value calculations, modification accounting, journal entries and required financial reporting.cradleaccounting.com · read 30 Sep 2026
- Company ownership
- The site identifies Cradle as a Prophix Company.cradleaccounting.com · read 30 Sep 2026
- Customization
- The lease-management system supports custom fields that can be searched, stratified and exported.cradleaccounting.com · read 30 Sep 2026
- Data import and migration
- Lease data can be entered manually, uploaded through a bulk template, migrated from Excel or migrated through a custom engineering solution.cradleaccounting.com · read 30 Sep 2026
- Foreign exchange
- Users can enter foreign exchange rates and Cradle converts foreign-currency leases to the applicable functional currency.cradleaccounting.com · read 30 Sep 2026
- General-ledger integration
- Cradle can mirror a customer’s general-ledger and cost-center environment so accounting data can be exported into the accounting system.cradleaccounting.com · read 30 Sep 2026
- Lease roles
- Cradle supports both lessee and lessor accounting, including sublease accounting.cradleaccounting.com · read 30 Sep 2026
- Product purpose
- Cradle is a web-based command center that automates lease accounting and compliance reporting.cradleaccounting.com · read 30 Sep 2026
- Reporting
- Reports can be run for individual agreements, companies or consolidated organizations, including balance sheet, income statement, cash flow and disclosure reports.cradleaccounting.com · read 30 Sep 2026
- Security compliance
- Cradle states that it is SOC 2 Type 2 compliant.cradleaccounting.com · read 30 Sep 2026
- Security controls
- Cradle states that data is encrypted in transit and at rest, hosted on Amazon Web Services, backed up daily and protected with periodic third-party penetration testing.cradleaccounting.com · read 30 Sep 2026
- Standards supported
- The product supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102.cradleaccounting.com · read 30 Sep 2026
- Support
- Cradle says it provides knowledgeable 24/7 customer support along with guides and videos.cradleaccounting.com · read 30 Sep 2026
- Target customers
- Cradle says it can serve organizations with one lease through multinationals managing hundreds of leases across subsidiaries and currencies.cradleaccounting.com · read 30 Sep 2026
