This may further accelerate as the COVID-19 shutdown forces more and more companies to switch to remote employment, boosting the demand for an online ECM even more. What Is Enterprise Content Management (ECM) Software?Įnterprise content management (ECM) software is a platform that enables an enterprise-scale organization to intelligently store, organize, and retrieve the organization’s content.Īccording to a 2020 Markets and Markets report, options for both buyers and sellers for ECM software are increasing and are expected to grow to a $67 Billion+ market by 2025, a nearly 50% growth in 5 years. Top 10 Enterprise Content Management (ECM) Software Systems in 2021.Key Must-Have Features of ECM Solutions.What Is Enterprise Content Management (ECM) Software?.
An ECM software comprises platforms that consolidate all the activities needed to manage content under one roof. To solve this problem, businesses are turning to enterprise content management (ECM) software. However, many companies face a challenge when trying to manage their content repositories in a coherent and efficient manner. From websites to push your marketing footprint to internal knowledge repositories that inform product development, digitalization has made it easier to generate content than ever before. Our reliance on content is rapidly growing. IBM is in the process of acquiring FileNet.Enterprise content management (ECM) software is defined as a platform that enables an enterprise-scale organization to intelligently store, organize, and retrieve the organization’s content. In the overall ECM market, the start-up competes against Microsoft's SharePoint and more established ECM players IBM, FileNet Corp. The company has 60 paid-support contracts with organizations. To date, the majority of Alfresco's users are enterprise-level financial services and publishing companies and governments, Howells said. Virgin Money's compliance team can also use the software to review its Web site and look at any previous versions of the site and roll back to a particular day's version if necessary. Alfresco WCM provides the ability for Web designers and applications developers to work collaboratively in a version controlled environment, Scarisbrick wrote. Virgin Money isn't using Alfresco's other software, but once it's finished the rollout of WCM, the company may consider implementing the rest of the startup's ECM suite, he wrote.Īs a financial services company, compliance is very important to Virgin Money. "Alfresco offers the advantages of open source, open architecture and standards, but also includes a good support model making it a robust enterprise-level solution at low cost." When coming up with a list of suitable WCM tools, Alfresco was the only one that made Virgin Money's short list, Scarisbrick added. "We have had good experience with other open source products and development frameworks, and it made sense to go open source if possible for WCM," he wrote in an e-mail. The company is looking to move away from its largely static Web sites to make its online presence tailor to individual customers, according to David Scarisbrick, technical program manager at Virgin Money. One of the early testers of Alfresco's WCM software is Virgin Money, Virgin Group Ltd.'s financial services arm, in Norwich, U.K. The WCM offering includes a virtualization server so users can preview what changes to their Web sites might look like online and a compliance server to audit all alterations to the site. The product is based on open source components, including JavaServer Faces, Spring and Hibernate. are the market leaders in the WCM market and likely competitors for Alfresco in the future.Īlfresco's new WCM software uses the same repository as the company's other ECM components. The company began work on the last piece of its ECM suite, Web content management (WCM), about a year ago, but the effort accelerated in May, when Alfresco hired a group of developers formerly at Interwoven., Howells said. Since its founding last year, Alfresco has developed software to handle the management of collaborative documents, records and images as well as e-mail archiving.
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