Asset Management refers to the systematic approach to developing, operating and maintaining a particular set of assets or a client investment portfolio on behalf of an individual, organisation or entity.
Asset management considers a variety of different specific variables, including the asset holder’s expected financial return and asset acquisition preferences. This can help asset holders meet their long term financial goals and objectives much faster.
However, manually tracking assets can prove to be tedious and inaccurate. Therefore, asset management software can help methodically collect, track and present asset data and information. The fixed asset management software market is expected to grow to approximately $5.2 billion by 2024.