An Asset Management Software is used to keep track of all the assets involved in the business. In this process of tracking the assets, the software takes care of a few more factors, as they are involved with the process: Inventory Tracking: the software provides information about the inventory so that the business can keep a record of the assets they might need to stock or order. Asset Management: This module helps the business take care of its assets from the time of procurement till the time they are disposed of. It can be used to know when the equipment needs to be sent for servicing or repair.