Asset management software is a dedicated application which is used to record and track an asset throughout its life cycle, from procurement to disposal. It provides an organization with information like where certain assets are located, who is using them, how they are being utilized and details about the asset. The asset management software is used for management of both software and hardware assets.

Asset management software tracks every aspect of an asset and is very useful to an organization because, aside from keeping track of assets, it can also provide some additional functions