Businesses are becoming more progressive with the revolution of technology. The methods of working have changed. Manual works are now done by software that can be easily tracked on computers and Smartphones. Now with advanced technology, modern cloud-based software is available that provides real-time visibility to the business. If we talk about asset tracking, then it plays a vital role in providing accurate information and real-time data that improves future decisions and plans. Asset tracking software is an important piece of business that helps in many ways to boost the growth of the company. Understanding the term is very important as it maintains the assets of the company which is an important tool for processing several works. Asset management barcode software is a tool that tracks all the physical assets of the company to improve its performance. It works either by scanning the barcode labels or by using GPS or RFID technologies.