An object management system permits companies/organizations to grant access to third parties to partitioned subsets of a central database to enable completely paperless asset or process management. The central database can be used simultaneously by a plurality of companies/organizations, third party service providers and/or regulatory authorities, without compromise of data security. Data is partitioned on an Issuing Unit basis. Each Issuing Unit is enabled to autonomously generate primary keys. The relationship of Issuing Unit Group to managed objects is a may-to-many relationship to enable ultimate flexibility in data partitioning.