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features
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What is Soft4Lessee?

The transition from conventional accounting practices to the revised standards of IFRS 16, AASB 16, and ASC 842 introduces several hurdles for companies, such as adhering to new compliance requirements, the necessity for detailed data gathering and processing, and the heightened complexity faced by accountants. Instead of depending on obsolete lease calculators, organizations should explore modern, streamlined, and intuitive lease accounting software designed specifically to align with IFRS 16, AASB 16, and ASC 842 guidelines. Our cutting-edge lease accounting platform not only simplifies workflows but also offers remarkable adaptability and flexibility to cater to various organizational demands. Whether you are part of a SaaS enterprise or any other type of business, the Soft4Lessee accounting solution improves lease management, making it quicker, more economical, and significantly easier to handle. Additionally, our software enables automation of multiple processes, facilitates seamless data import and export with Microsoft Excel, and supports integration with XML and various other formats, ultimately enhancing operational efficiency and precision. This holistic solution guarantees that your organization stays compliant while refining its lease accounting processes, paving the way for future growth and adaptability in a rapidly changing regulatory landscape. Hence, investing in advanced lease accounting software is a strategic move that can greatly benefit businesses in the long run.

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

NetSuite
SAP Business One

Integrations Supported

NetSuite
SAP Business One

API Availability

Has API

API Availability

Has API

Pricing Information

$99 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

Soft4Lessee

Date Founded

2008

Company Location

Lithuania

Company Website

soft4lessee.com

Company Facts

Organization Name

Cradle

Date Founded

2019

Company Location

Canada

Company Website

www.cradleaccounting.com

Categories and Features

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

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

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database

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

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