Cradle Inc
Cradle offers lease accounting software designed to automate compliance with accounting standards such as IFRS 16 and ASC 842, enhancing the accuracy of financial reporting while reducing manual errors. The platform includes features for managing lease portfolios, conducting foreign exchange accounting, and generating consolidated financial reports.
- Industry: Accounting Software
- Location: Toronto, Ontario, Canada
- Founded: 2019-11-01
- Total funding: 3000000
- Website: https://cradleaccounting.com
Product & Features
- Cradle automates compliance with lease accounting standards like IFRS 16, ASC 842, GASB 87, and GASB 96.
- The software performs complex present value calculations, journal entries, and financial reporting automatically.
- Cradle offers customizable lease management to suit diverse portfolio requirements and payment structures.
- Users can generate instant financial reports based on their lease portfolio and applicable accounting standards.
- The platform supports foreign exchange accounting, converting leases to functional currency as per IAS 21 and ASC 830.
- Cradle provides email notifications for key lease events, enhancing portfolio management and oversight.
- The intuitive user interface minimizes training time, allowing accountants to operate efficiently from the start.
Notable Customers
- RSM
- Mayne Pharma
- Wagners
- Silver State Schools Credit Union
Founders & Team
- Maxim Andreev — Co-founder
- Brendan Doyle — Co-founder
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Frequently Asked Questions
What is Cradle Inc?
Cradle offers lease accounting software designed to automate compliance with accounting standards such as IFRS 16 and ASC 842, enhancing the accuracy of financial reporting while reducing manual errors. The platform includes features for managing lease portfolios, conducting foreign exchange…
What does Cradle Inc do?
Cradle automates compliance with lease accounting standards like IFRS 16, ASC 842, GASB 87, and GASB 96. The software performs complex present value calculations, journal entries, and financial reporting automatically. Cradle offers customizable lease management to suit diverse portfolio requirements and payment structures.
Who are Cradle Inc's customers?
Cradle Inc's customers include RSM, Mayne Pharma, Wagners, Silver State Schools Credit Union.
Who founded Cradle Inc?
Cradle Inc was founded by Maxim Andreev and Brendan Doyle.
What category does Cradle Inc fall under?
Cradle Inc is a legal technology company in the Accounting Software category.
Where is Cradle Inc based?
Cradle Inc is based in Toronto, Ontario, Canada.