by 
The Curious Bag
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A document management system is a computerized system used for storing and retrieving documents. These systems offer great benefits in today's computerized business world.
Saving Money
Document management systems save a business money in many ways. Filing time is eliminated, allowing employees to concentrate on more important tasks. Document management systems also prevent resources from being wasted on lost documents since all documents are stored digitally in a central location and are backed up.
Security
Documents can be password-protected and encrypted, and levels of document access can be set to ensure documents are only accessed by the people who should be able to access them.
Recovery
With a document management system, you never have to worry about lost documents. Documents are stored remotely and backed up every day to ensure their safety.
Access
Perhaps one of best features of a document management system is accessibility. Not only can document access be customized, documents can be made available remotely for telecommuting as well.
Consistency
With a document management system, all documents are stored at a centralized location following a specific naming scheme and filing structure, eliminating mis-filing and inconsistent naming.
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Benefits of document management
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