Document management software is utilized to organize, distribute, standardize and control the process of how documents are managed in a business environment. Document management software comes with features that can help you achieve many of your document management needs. With document management software in place it will allow you to manage a document life cycle from start to end. Depending on your business needs and the document management software, you can hope to gain several benefits from utilizing document management software in your environment. Some of the benefits may include are:
Track versions that are stored in the document management system
Controls document check in and check out process
Provides a form of labeling to make it easy to reference documents
Search capabilities for documents
Provides a form of a standard scheme for documents across the company
Can aid in reducing your total cost of ownership
These are just several benefits that you may achieve by implementing document management software for your business. Since there are several document management software packages available, it is always a good ideal to make sure you've determined your document management requirements and implement a trial version before you choose your document management software solution.
Track versions that are stored in the document management system 
