Document management software (DMS) is a digital solution that enables organizations to capture, store, manage, and track electronic documents. By implementing a DMS, businesses can reduce reliance on physical storage, leading to cost savings and improved space utilization. Key features include advanced search capabilities, version control, and access control, which enhance collaboration and ensure data security. Additionally, Document management software facilitates compliance with regulatory requirements by providing audit trails and secure document handling. Integrating a DMS into existing workflows streamlines operations, boosts productivity, and supports disaster recovery efforts.