One of the biggest challenges companies face today is to manage unstructured content i.e. the information which is lying outside the databases. Infact the unstructured content makes up for more than 70% of the information that resides in the organization. ECM consists of various flavors mainly:
Web Content Management - Managing content over websites, extranets, intranets etc. The main benefit of WCM is to empower the business users manage the content, enable content compliance, and deliver content seamlessly over various channels.
Digital Asset Management - An organization has a lot of digital content in form of images, presentations, PDFs, audio, video files, etc. The amount of time and money that organizations spend over managing, sharing, searching and reusing this content is huge. Digital Asset Management products help companies manage this content and reduce the cost and time and also possible duplication which otherwise happens.
Document Management - As the world is moving to paperless offices and stricter compliance requirements, managing documents becomes an important need of the hour. Ability to manage, archive, search and retrieve the documents enables the customers reduce their risks and costs.
Email Management - E-mails today form the bulk of organizational information. What organizations need is not only store and archive these emails but also do it in a contextual manner so that it becomes easy to locate the information easily.
Collaboration - The amount of collaboration which goes on while creating the information today is getting bigger. So what organizations need is ability to collaborate while content is being created. The knowledge captured in the collaboration and content creation can be very useful for the companies to reuse it for better efficiencies.

Alfresco ECM System :
Alfresco is a fully comprehensive enterprise content management system, providing Document management, Collaboration, Records Management, Knowledge Management, Web Content Management and Imaging.
Alfresco reduces your ECM costs by up to 96% compared to proprietary systems. It’s as simple to use as a shared drive or SharePoint and does not lock you in to a proprietary stack.
Alfresco Capabilities

Interwoven Inc., provider of Enterprise Content Management solutions for business, enables organizations to unify people, content and processes to minimize business risk, accelerate time-to-value and sustain lower total cost of ownership. Interwoven delivers deep industry-specific solutions which reduce business process cycle time from initial collaboration through design, production, sales, marketing, legal review, IT and service. Interwoven leads the industry with a service-oriented architecture today and easy-to-use, best-in-class components and solutions. Today, over 3,800 enterprises, law firms and professional services organizations worldwide are Interwoven customers including BT, Ford, Freshfields Bruckhaus Deringer, General Motors, Jones Day, Motorola and Yamaha. Interwoven is headquartered in Sunnyvale, Calif., with offices around the world.
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In an attempt to reduce costs, the world's 100 largest financial-services companies say they expect to transfer about $356 billion of their operations and 2 million jobs offshore over the next five years.