Cradle vs LOIS

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.

LOIS is a web-based lease accounting and management platform that combines finance and property data. It automates lease calculations, modifications, amortisation and depreciation schedules, journals, disclosures, and period-end reconciliations. Compliance automation covers IFRS 16, AASB 16, FRS 102, and FASB ASC 842, with IAS 17 reporting available for comparison. LOIS says it manages portfolios from 30 to more than 10,000 leases across equipment, vehicles, and property. Property teams can track rent reviews, expiries, and lease events, group leases and outgoings by site, and compare costs by square metre. Fleet tools bulk-load lease data and flag price changes, CPI adjustments, extensions, scope reductions, and terminations for review. Journal exports and a managed API connect with SAP, Oracle, Microsoft Dynamics 365, TechnologyOne, and Xero. Controls include approval workflows, configurable hierarchy and security, audit tracking, and journal review and locking before ERP posting. The cloud service offers local data hosting, ISO/IEC 27001 certification, and GDPR compliance. Pricing is on request and scoped by portfolio and services.