Octaware positioned as one of the emerging RFID, barcode, smart card and GSM technology solution provider along with other services and offers hi-end, cost-effective, quality products in the sphere of RFID/barcode technology. iOnAsset refers to an eagle eye on assets, which continuously monitors every asset in an organization, it has the ability to pinpoint, locate, and count every individual asset. iOnAsset is a web based asset tracking and management system, it has the ability of end to end asset management and sophisticatedly tracking of every individual asset. Here asset administrator can control all the asset by sitting at one place, can manage every individual asset in an organization, and can smartly identify the movement of every individual asset. It uses tagging mechanism; every asset will be attached with RFID tag/barcode. It also tracks the history of asset movement, asset allocation (check in & check out), including their current location, past location and movements throughout the facility i.e. at all times. It also calculates depreciation of assets and asset expiry process.