Asset management refers to the management of investments on behalf of others. The process essentially refers to any system that monitors and maintains things of value to an entity or group it.
Keeping track of the assets of the company is an important task that can save companies money and time. Asset management is the process of maximizing the assets of the company to provide the best returns to stakeholders. ... It can tell where the assets are located, how they are used, and when changes were made to them.