Documentum 5 is due to be launched at the vendor's user conference in Orlando. The Documentum software competes with tools from vendors such as IBM, FileNet, Hummingbird and Open Text.
Lubor Ptacek, director of product marketing at Documentum, said the upgrade should be easier to use and will provide improved project collaboration tools and trusted content features designed to support encryption, single sign-on and digital signatures.
Pricing will be between $300,000 (£1,636) and $350,000 (£1,908).
John Koerwer, the design automation manager at the BOC Group in Windlesham, said the latest ease-of-use features coming in Documentum 5 would be a welcome addition to a good product.
BOC Group, which makes industrial gases and other products, uses Documentum's Documentum 4i software in 1,000 facilities across 22 countries. The content management software allows the company to catalogue data so it can be found at a moment's notice. The upgrade should make it easier to create customised user interfaces.