Financial visibility for physical assets
Hardcat helps organisations achieve complete financial visibility across the lifecycle of their physical assets. Whether through the dedicated financial capabilities of the Hardcat VX Depreciation Module or the enterprise integration capabilities of Hardcat Lebosi®, organisations can manage acquisition costs, procurement, depreciation, asset utilisation, and disposal information to support informed investment decisions.
By combining accurate asset information with reliable financial data, Hardcat enables organisations to optimise asset performance, improve accountability, and maximise value throughout the asset lifecycle while supporting sustainable asset management practices.
Save time with asset depreciation calculations and reporting
Managing asset depreciation manually can be time-consuming and prone to error. The Hardcat VX Depreciation Module automates depreciation calculations and reporting while maintaining accurate financial records throughout the asset lifecycle.
For organisations using Hardcat Lebosi, financial asset information can be shared with existing ERP and finance systems through seamless integration, ensuring accurate asset data supports financial reporting and business decision-making without duplicating information across systems.
Further reading: Planning an Enterprise Asset Management implementation? Learn why accurate asset data and organisational readiness are critical in Why EAM Projects Fail Before They Even Start | Hardcat.
The Hardcat VX 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.
Flexible asset depreciation management
The Hardcat VX Depreciation Module is designed to support a wide range of depreciation scenarios while maintaining accurate financial records for both depreciable and non-depreciable assets. Its flexible configuration options allow organisations to apply depreciation methods that align with their accounting policies and reporting requirements.
- 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 helps organisations improve financial visibility by combining accurate asset information with powerful financial tracking capabilities. Whether using the dedicated financial functionality of Hardcat VX or integrating Hardcat Lebosi with existing ERP and finance systems, organisations gain reliable information to support investment planning, compliance, reporting, and better lifecycle decisions.
Further reading: Discover how inaccurate asset data affects financial reporting, planning and operational performance in When Bad Asset Data Wreaks Havoc on Operations.
Alternatively, organisations can integrate the Hardcat Lebosi Enterprise Asset Management platform with existing ERP and finance systems to create a single source of truth for operational asset information. Accurate asset data supports financial processes such as asset capitalisation, financial reporting, and asset disposal while reducing manual data entry, minimising errors, and improving reporting accuracy.
