Question:

Does a TMS offer business management features?

Answer:

Translation management systems typically provide estimation and tracking so you know your translation costs before asking for quotes from translation vendors. Some also provide business intelligence through out-of-the-box and custom reporting on translation performance metrics for continuous process improvement. Others include advanced business management capabilities to create and manage invoicing and bookkeeping.
If you are working with multiple language service providers and translators, you can effectively manage multiple vendors, track the status of project quotes and easily report on project status, saving you time and money.