This document discusses tools and strategies for managing digital assets in scholarly publishing. It provides a timeline of how digital assets have evolved from 50 years ago when content was paper-based to today's digital environment. It then examines the goals of digital tools in reducing costs, increasing efficiency and quality. As a case study, it outlines the benefits of using an online submission and peer review system in automating workflows and reporting. It concludes by considering future digital assets like interactive readers' commentaries and open document standards.