Asset management is the process of managing money for individuals, typically through stocks, bonds and/or cash equivalents. Professional investors manage these assets according to specific stated objectives or investment styles.

The term asset management is often used to refer to the investment management of collective investments, whilst the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as wealth management or portfolio management often within the context of so-called "private banking".

Software asset management is a vital component of running an IT department. It is not just about auditing software. It means effectively managing software procurement, installation, training, licence management and usage. Above all, software management brings a wealth of benefits.

Why Should You Use Asset Management Software?

A worthwhile software system will ask and answer important questions about assets. In addition to “what do we own”, it also works out maintenance and other expenditures. Thus, the biggest reason to use a software system to manage one’s assets is to cut down on cost. For example, if the cost of maintaining an old piece of machinery is greater than buying a better, newer or different version, the system will demonstrate this fact. It saves not only money, but also a lot of prodblems