Hardcat’s solutions assist in the finance tracking and decision-making process for allocating and optimising a company’s investments, through asset procurement planning and on-going access to financial details recorded against each asset. Including finance tracking and warranty information, all preventive maintenance activities and associated expenditure. 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 significantly improve the financial tracking of assets through either our Hardcat V-Series Depreciation Module or via our Integrated 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 is designed to provide the necessary functionality to meet an organisation’s depreciation requirements simply and effectively.

• A depreciation class is assigned to an asset based on the asset type, and depreciation classes also facilitate a default depreciation rate and method to be applied to like assets.

• Depreciation can be calculated using prime cost (straight-line), diminishing value (reducing balance), immediate write down, or double declining methods, at rates anywhere from 0 to 100% per annum.

• Rates and methods can be programmed against a depreciation class to take effect against new assets of that class being capitalised after a given effective date.

• Record details of revaluations; supports both gross (proportional restatement) and nett (elimination) methods for revaluation calculation. The system will automatically calculate gain or loss on revaluation and adjust revaluation reserve accordingly.

Hardcat’s Depreciation Module boasts unparalleled flexibility both in structure and reporting to allow virtually any depreciation scenario to be handled. Unlike other depreciation solutions, non-depreciable assets such as leased items can be maintained in the same asset database and appear in an asset listing without appearing in the depreciation schedule.

It Is also possible for other asset register users (e.g. IT staff and maintenance staff) to have their own asset classification system without affecting the asset type structure set up for depreciation purposes. Advanced security ensures against non-finance staff accidentally changing any 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, book 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

Hardcat’s 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.