A good Translation Management System (TMS) can help significantly increase the productivity of a translator, can help reduce the cost of translation, and can help improve the quality of translation. Time, cost, and quality are the 3 most important aspects for any translation project.
Many TMS are available in the market today, across the world. It is important that one should evaluate and choose a TMS carefully based on your needs. Desktop-based systems are a legacy and one should rather go for a web-based system that can be used from anywhere, is easy to use, has a reasonable usage/subscription cost and has good built-in support for your language pairs.
Some of the features to look out for in a TMS are spell check, fuzzy support, MT support, translation memory, pay-as-you-use (subscription-based) based pricing, efficient editing features, document translation capability, website translation capability to name a few.