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ease
features
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What is Leasevana?

Leasevana is a Windows desktop application designed specifically for lease accounting in accordance with IFRS 16, primarily serving corporate finance teams and lessees. The application calculates right-of-use (ROU) assets and lease liabilities derived from lease agreements, and it also produces schedules for amortization and depreciation. Finance professionals can adjust these schedules to reflect renewals, extensions, early terminations, and changes in consideration, enabling them to track incremental borrowing rates and weighted-average discount rates relevant to new leases and reassessments. Moreover, the software supports IFRS 16 disclosure reporting and includes an optional PDF lease abstraction feature that can leverage a Google Gemini API key provided by the user to automatically retrieve vital information such as dates, options, and payment amounts. Leasevana functions locally on Windows without the need for cloud storage or external databases, thereby enhancing data privacy and security. It is available for free download from the Microsoft Store, although users are encouraged to seek guidance from qualified professionals to confirm the accuracy of their results. With its intuitive design and comprehensive features, Leasevana aims to significantly enhance the efficiency of the lease accounting process and provide users with valuable insights into their leasing activities. This makes it an essential tool for organizations looking to manage their lease obligations effectively.

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.

Media

Media

Integrations Supported

Gemini

Integrations Supported

API Availability

API Availability

Pricing Information

Free
Free download and use.
Free Version

Pricing Information

$10 per month
Free Version
Free Trial Offered?

Supported Platforms

Windows

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Wicked System Studio

Company Website

wickedsystemstudio.com/leasevana.html

Company Facts

Organization Name

Cradle

Date Founded

2019

Company Location

Canada

Company Website

www.cradleaccounting.com

Categories and Features

Lease Accounting

Not specified

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Budgeting & Forecasting
Critical Date Alerts
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management

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