CheckMate Toolroom is tool tracking software that allows users to manage their tool inventory by tracking each tool's location, value, and condition. It provides features like taking physical inventory and comparing to records, keeping updated tool records, printing reports, and scheduling routine tool maintenance. The software tracks tools in three classes - Class A tools are tracked individually, Class B are bulk tools like screwdrivers, and Class C are consumables. It is designed to be flexible and easy to use.