Asset Lifecycle Management — Maintains the installed-base record — every subscription, license, and device a customer owns, with its dates, quantities, and amendment history. Renewals, upsells, and proration all read from this record, so amendments write back to it as the single source of truth.
Asset Lifecycle Management lives in the Fulfill & Activate phase of Fulfill & Bill — the stage where you activate what was sold, meter what's used, bill it right. In the corpus tool index this phase maps to the Entitlements and Billingcategories.
From UsagePricing's RevOps ecosystem scan — tools we track but haven't profiled in depth yet.