Benefits of Knowledge Management Software

Knowledge Management is a vital part of running a successful business. Investing in Knowledge Management Software is a handy way to have a dashboard view of your business, thereby enabling you to immediately see what needs your attention. The software handles your most critical issues. Essentially, it keeps your business running smoothly, and it can plan in case of periodic changes. Sydney-based livepro develops knowledge management software for both the private and public sectors.

Using this software will allow for the chaotic information handling to stop. Many people spend too much time trying to sort through all of the data to find their needs. Data can come from several sources, so software like this can cut the sorting time in half!

The 21st century is highly competitive, so to stay ahead of your rivals, you want all of your information to be retrieved, shared, and sorted efficiently. Document management is part of many Knowledge Management Software, so you don’t have to worry about missing information anymore!

Document Management

You will consider all the relevant information much faster, enabling you to do business quicker. The quicker you make deals, the more company you can get. Document management will also allow your employees to be even more productive than before. They will be more satisfied and less stressed. Happy employees are critical to a great company!

When employees can get their information faster, they will be able to get back to customers quicker! This will satisfy your customers, so they will come back for more business or stay with your business as long as possible.

Features of Knowledge Management

This software organizes your data into separate folders, can show you who viewed or changed a specific file last and when. It also allows for an Access Log. It will log anyone considering it, emailing it, downloading it, or even deleting files.

Annotations are also enabled in Knowledge Management System, which means more effective proofreading and editing procedure. Annotations help with the content’s quality and with the layout and presentation of your document.

Lastly, it will also cut down, or even eliminate the time it takes to train new staff. Knowledge management tools can provide a hands-on type of learning at a faster rate. You can upload all of your training files into one place, label them, and put them in order so new employees can follow your instructions on the system.

You can also assign different admin rights to other people. If you have a new staff member, you can share only the training files with them first. If you have any management files, you don’t want employees accessing them. You can essentially ‘hide’ them from your employees.


Alex is a small business blogger with a focus on entrepreneurship and growth. With over 5 years of experience covering the startup and small business landscape, Alex has a reputation for being a knowledgeable, approachable and entrepreneurial-minded blogger. He has a keen understanding of the challenges and opportunities facing small business owners, and is able to provide actionable advice and strategies for success. Alex has interviewed successful entrepreneurs, and covered major small business events such as the Small Business Expo and the Inc. 500|5000 conference. He is also a successful entrepreneur himself, having started and grown several small businesses in different industries.