---
title: Base Asset Management
description: The ServiceNow Base Asset Management application integrates the physical, technological, contractual, and financial aspects of information technology assets.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-service-management/c\_AssetManagement.html
release: australia
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Asset Management common applications, IT Service Management]
---

# Base Asset Management

The ServiceNow® Base Asset Management application integrates the physical, technological, contractual, and financial aspects of information technology assets.

**Note:** Beginning with the ServiceNow AI Platform® Washington DC release, we will provide limited support for the Base Asset Management Core UI interface. While it remains active in your instance, including when you upgrade to a new ServiceNow AI Platform release, we encourage you to move to the new workspace experience. For more information, see [KB1584548](https://support.servicenow.com/kb?id=kb_article_view&sysparm_article=KB1584548), [Exploring Asset Management Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-asset-management/exploring-asset-management.md) and [Next Experience UI](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/platform-user-interface/next-experience-landing-page.md).

Asset management business practices have a common set of goals.

-   Control inventory that is purchased and used.
-   Reduce the cost of purchasing and managing assets.
-   Select the proper tools for managing assets.
-   Manage the asset life cycle from planning to disposal.
-   Achieve compliance with relevant standards and regulations.
-   Improve IT service to end users.
-   Create standards and processes for managing assets.

Base Asset Management and the Configuration Management Database \(CMDB\) are related, but have different goals. Base Asset Management focuses on the financial tracking of company property. Configuration management focuses on building and maintaining elements that create an available network of services.

**Parent Topic:**[Asset Management common applications](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/asset-management-core.md)

**Related topics**  


[Domain separation and Base Asset Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-asset-management/domain-separation-asset-management.md)