An access management system and a method for managing electronic locks are disclosed. The system comprises a user management module configured to provision access rights to an authorized user associated with the electronic lock, wherein a first factor authentication data is configured to be associated with the authorized user. The system comprises a server arranged in wireless communication with the access management system and each electronic lock associated with each of the plurality of entry points. The server is configured to perform a first factor authentication and a second factor authentication of the user for releasing the electronic lock for entry to the authorized user of the entry point.