Cradle vs LeaseCalcs
Cradle
cradleaccounting.comLeaseCalcs
leasecalcs.comSide by side
| Figure | Cradle | LeaseCalcs |
|---|---|---|
| Price from | $99/mo | $833.25/mo |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 3 | 8 |
| Spec score · Lease Accounting Software | 8.1 (#7) | 7.5 (#18) |
| Reporting | Reports can be run for individual agreements, companies or consolidated organizations, including balance sheet, income statement, cash flow and disclosure reports. | The corporate product supports reporting mapped to ERP or GL systems, business units, cost centers and regions, including custom periods, ad-hoc reports and automated disclosure reporting. |
| 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. | Corporate plans state that they include secure access from anywhere, audit trail logs and email alerts. |
Plans
LeaseCalcs
- Growing$9,999 a year
- Strong$12,499 a year
- Silver$19,999 a year
- Leader$23,999 a year
- Gold$24,999 a year
- Platinum$34,999 a year
- Platinum +$42,999 a year
- DiamondPriced on request
In their own words
Cradle
Cradle is a web-based system for automating lease accounting and compliance reporting. It supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102, and handles lessee, lessor and sublease accounting. The software calculates present values, accounts for modifications, prepares journal entries and generates required reports. Reports can cover one agreement, a company or a consolidated organization, with balance sheet, income statement, cash flow and disclosure options. Users can enter foreign exchange rates for converting leases into the applicable functional currency. Cradle can mirror a customer's general ledger and cost-center setup so accounting data can be exported into that system. Lease data may be entered manually, uploaded with a bulk template, migrated from Excel or moved through a custom engineering solution. Custom fields can be searched, stratified and exported. The Small Plan costs $99 a month for up to 10 agreements; the Regular Plan costs $199 a month for up to 20 leases. Both plans allow unlimited users and include no training. Cradle offers a 30-day trial and says it provides 24/7 support, guides and videos.
LeaseCalcs
LeaseCalcs has no write-up on Specifiction yet; its figures are above.