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Ratings and Reviews 0 Ratings
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What is Lease102?
Lease102 is an innovative lease accounting solution specifically designed to comply with FRS 102 Section 20, enhancing the accounting process through AI-powered data extraction, calculations, journal entries, and disclosure reporting. Targeted at enterprises in the UK and Ireland, this software adheres strictly to FRS 102 principles without adapting them to IFRS 16 standards. Utilizing cutting-edge AI technology, it effectively extracts vital information from lease contracts, significantly reducing the likelihood of errors that may arise from manual data entry. The built-in calculation engine leverages the Bank of England SONIA and ECB €STR rates to determine appropriate discount rates with precision. Moreover, it features a comprehensive seven-year audit trail that logs all changes and calculations related to leases, which boosts transparency and accountability. Other important functionalities include collaboration tools for teams, management capabilities for lease modifications, expiration alerts, multi-currency support, and seamless integration options with ERP systems. Additionally, Lease102 emphasizes security by using AES-256 encryption, TLS 1.3 protocols, and ensuring that data storage complies with UK/EU regulations, thus adhering to GDPR standards and protecting sensitive information. This all-encompassing strategy not only streamlines lease accounting but also strengthens the confidence businesses have in their financial statements, fostering a culture of trust and reliability. Ultimately, Lease102 stands out as a vital tool for organizations striving for efficient and compliant lease management.
What is Cradle?
Automated journal entries and rapid complex calculations simplify and enhance the accounting experience. By adhering strictly to ASC 842 and IFRS 16, this platform removes the burden of protracted sales pitches and tedious negotiations. You can efficiently register, enter your details, and immediately engage in your accounting responsibilities. The software's flexibility allows you to tailor it to your needs by choosing from a variety of fields and methods, enabling Cradle to guide you toward the pertinent accounting elements of your contract. Your input results in rapid and accurate calculations, ensuring that your journal entries are processed promptly. Bid farewell to the stress and ambiguity tied to the new lease accounting standards ASC 842 and IFRS 16, while you refine and optimize your lease accounting processes, saving both time and resources in the process. Moreover, our service offers extensive implementation assistance to navigate you through the setup phase. Whether overseeing finances for a large publicly traded company or managing a small business with fundamental financial reporting needs, Cradle is crafted to help you conserve essential time and energy. Furthermore, the intuitive interface guarantees that even users with minimal accounting skills can operate the software effectively and efficiently, making it accessible to a wider range of professionals. Ultimately, this platform sets a new standard in lease accounting solutions by combining efficiency with ease of use.
Integrations Supported
Microsoft Dynamics 365
Sage 200
Sage 50
Xero
API Availability
Has API
API Availability
Has API
Pricing Information
from £20 per month
Free Trial Offered?
Free Version
Pricing Information
$10 per month
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Lease102
Date Founded
2025
Company Website
lease102.co.uk
Company Facts
Organization Name
Cradle
Date Founded
2019
Company Location
Canada
Company Website
www.cradleaccounting.com
Categories and Features
Lease Accounting
Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management
Categories and Features
Lease Accounting
Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management