What is an EDMS? Today, electronic document management systems (EDMS) support the life cycle management of document based information (including data and any combination of text, images, graphics, voice, and video). These systems consist of a variety of technologies. These include digital imaging, document management, workflow, CD and optical storage, computer output to laser disc (COLD), document input, groupware, electronic publishing and intranets, records management, and search and retrieval. EDMS functions include capture, storage, classification, indexing, versioning, maintenance, use, security, and retention of documents.

EDMSs are a bare necessity for large companies with many employees in order to keep files accessible to everyone... It seems like a daunting task but really there's not much to it if you are working with a good and reliable company.
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