Optimising asset finance for maximum efficiency and control
Hardcat’s solutions assist in the finance tracking and decision-making process for allocating and optimising an organisation’s physical asset investments, either through integration with enterprise asset procurement planning or via our V-series Depreciation module. Hardcat provides key information to assist with ‘milking your asset’ investment as well as gaining the best return at point of disposal, through enabling the application of circularity principles.
Save time with asset depreciation calculations and reporting
Our asset management solutions and building and facilities applications we significantly improve the financial tracking of assets through either our Hardcat V-Series Depreciation Module or by integrating our Hardcat Enterprise Asset Management system (EAM). Integrating seamlessly with your financial and Enterprise Resource Planning (ERP) systems. This ensures asset data flows smoothly between different business functions. This integration enhances the accuracy of financial records, improves data consistency, and simplifies the reconciliation of asset-related financial information.
The Hardcat V-Series Depreciation Module provides the functionality needed to meet an organisation’s depreciation requirements simply and effectively.
- You assign a depreciation class to an asset based on its type. These classes also set a default depreciation rate and method for similar assets.
- You can calculate depreciation using prime cost (straight-line), diminishing value (reducing balance), immediate write down, or double declining methods, at rates ranging from 0 to 100% per annum.
- You can program rates and methods into a depreciation class to automatically apply them to new assets of that class after a specified effective date.
The system records revaluation details and supports both gross (proportional restatement) and net (elimination) methods for revaluation calculation. It automatically calculates the gain or loss on revaluation and adjusts the revaluation reserve accordingly.
Depreciation module boasts unparalleled flexibility
Hardcat’s Depreciation Module (Hardcat V-series) offers unmatched flexibility in structure and reporting, handling virtually any depreciation scenario. It allows organisations to maintain non-depreciable assets, like leased items, in the same database and display them in asset listings without including them in the depreciation schedule.
Additionally, other users, such as IT or maintenance staff, can have their own asset classification system without affecting the depreciation structure. Advanced security prevents non-finance staff from accidentally changing financial asset values or structures.
- Easy to use and highly configurable; add, change or dispose of assets, including reversing disposals.
- Run a depreciation calculation as many times within a period as you need.
- Easy transfer of data to and from popular spreadsheets and other applications.
- New assets are automatically adopted Into the correct depreciation class.
- Track preventive maintenance costs and associated consumables.
- Automate the delivery of PDF’s or spreadsheets containing depreciation information via email in a consistent and timely manner.
- Disseminate depreciation values across the organisation, filtered accordingly.
- There are multiple books within the system, allowing the user to cater for tax as well as forecast future depreciation runs. The user will never run out of possibilities as the system caters for 9,999 different sets.
- Able to be integrated with large ERP’s such as SAP, Oracle, Dynamics, etc.
Discover the Hardcat advantage
Hardcat’s V-Series software solutions enhance finance tracking by providing accurate, real-time data, automating complex calculations, improving preventive maintenance management, and supporting compliance and audit requirements. These capabilities lead to more informed decision-making, better financial planning, and ultimately, improved financial performance of the organisation.
Alternatively, by linking our EAM with finance systems, Hardcat allows organisations to automate asset-related financial processes, such as depreciation calculations, asset capitalisation, and asset disposal. This reduces manual data entry, minimises errors, and ensures accuracy in financial reporting.
