Document Management is one of SharePoint’s strengths, it has all the features required to create and implement a fully compliant document management system. As part of the document management capabilities, you can create content types which are a logical grouping of documents with common properties. Document templates can be attached to each content type and the common properties can be used for tagging documents making them easier to find in the future. No more hunting through folders to find documents.
Another great feature of SharePoint for document management you can also leverage the capabilities of the associated application, OneDrive and Microsoft Teams. When you are ready to automate document creation, approvals and acceptance, this can all be done using Power Automate, part of Office365. OneDrive will also allow your employees to take their most needed content with them, working offline and keeping in sync as required, and even available on your mobile. This capability alone sets SharePoint apart from so many other systems.