We Tried 12 Product Lifecycle Management Software for You

Every product begins as a spark of inspiration. It continues to evolve through stages of design, development, and feedback before users get a new product in their hands. For teams involved in building and managing products, this journey is a familiar one. Over time, as products become more sophisticated, so does the volume of data and documentation they generate.This is where product lifecycle management software (PLM) steps in.

It acts as a central hub for centralized data management to oversee a product’s entire lifecycle—from its initial concept to final execution. The software helps product managers get timely insights and valuable information.

In this guide, we’re highlighting 12 of the best product lifecycle management software to support and simplify your team’s processes.

What is Product Lifecycle Management Software? 

Product lifecycle management (PLM) software helps product teams organize and manage all aspects of a product’s development—right from concept to completion. These tools centralize important project-related data, such as design files, change logs, quality assurance records, and integrate with other business systems. This allows teams to streamline workflows, minimize errors, and improve collaboration.

PLM systems enable teams across different roles and locations to:

• Stay aligned with features
• Drive synchronous collaboration and secure data sharing
• Support traceability and governance
• Reduce costs
• Deliver high-quality, customer-focused products

Adopting PLM software early in the development process is central to tracking progress, managing risks, and adapting quickly to changes throughout the product lifecycle.

Key Features of PLM Software

Product Data Management

Product data management is a cornerstone of effective PLM software, providing a centralized platform to manage all product-related data. This includes everything from product designs and specifications to bills of materials and other critical information. By centralizing product data, PLM software ensures that all stakeholders have access to the most up-to-date and accurate information, which is crucial for reducing errors and enhancing collaboration.

With robust product data management, companies can streamline their product development processes, significantly reducing time-to-market and improving overall product quality. This feature eliminates data silos, ensuring that all teams are working with the same information, which is vital for maintaining consistency and accuracy throughout the product lifecycle.

Key Benefits of Product Data Management:

• Improved Collaboration and Communication: Centralized data ensures that all team members are on the same page, facilitating better teamwork and communication.
• Reduced Errors and Inconsistencies: Accurate and up-to-date product data minimizes the risk of errors and inconsistencies, leading to higher product quality.
• Faster Time-to-Market: Streamlined data management accelerates product development processes, helping companies bring products to market more quickly.
• Enhanced Product Quality: Consistent and accurate data contributes to better product quality and fewer defects.
• Better Supply Chain Management: Centralized product data improves collaboration with suppliers and other stakeholders, enhancing overall supply chain efficiency.

Workflow and Project Management

Workflow and project management are critical features of PLM software, enabling companies to manage and track product development projects from initial concept to final launch. This includes defining project workflows, assigning tasks and responsibilities, and tracking progress and milestones. By providing a structured approach to project management, PLM software ensures that all stakeholders are aligned and working towards the same goals, reducing delays and improving overall project efficiency.

PLM software offers real-time visibility into project status, allowing teams to identify and address potential issues before they escalate into major problems. This proactive approach to project management not only improves efficiency but also enhances product quality by ensuring that all aspects of the development process are closely monitored and controlled.

Key Benefits of Workflow and Project Management:

• Improved Project Efficiency: Structured workflows and clear task assignments help reduce delays and keep projects on track.
• Enhanced Collaboration and Communication: Centralized project management tools facilitate better communication and collaboration among team members.
• Real-Time Visibility: Teams can monitor project status in real-time, enabling them to quickly identify and resolve issues.
• Improved Product Quality: Close monitoring of the development process helps ensure that products meet quality standards and are free of defects.
• Better Supply Chain Management: Effective project management improves coordination with suppliers and other stakeholders, enhancing overall supply chain efficiency.

By integrating product data management and workflow and project management, PLM software provides a comprehensive solution for streamlining product development processes, improving product quality, and reducing time-to-market.

12 Best Product Lifecycle Management Software

We evaluated 12 leading PLM platforms, assessing their features, usability, and value to identify the best solutions for modern businesses.

1. Nifty

Creating and sharing spec documents is important during product development to ensure everyone understands feature requirements, user stories, and technical details.

Nifty simplifies this with built-in document creation and integrations. It streamlines workflows as per the team’s needs and drives instant collaboration across all stages of product development.

Plus, the Custom Project Embeds feature lets you add external content such as dashboards, design prototypes, and analytics directly to your project workspace. Moreover, its centralized documentation, task management, and project details ensure that important information is always accessible.

Nifty helps break down complex projects into smaller, manageable tasks. This makes it easier to track schedules and stay on course. 

Key Features:

• Milestones and timelines: Visual roadmaps allow you to set key milestones and track progress automatically as tasks are completed. Create detailed roadmaps with Gantt charts to visualize project milestones and dependencies. 
• AI project management: Nifty Orbit AI supports product lifecycle management by:

1. Automating Project Workflows: Define your product lifecycle goals with simple prompts. Orbit AI will automatically create and organize projects tailored to your workflow. Whether it’s product development, testing, or launch, this AI-powered feature ensures your processes are set up efficiently and ready to go.
2. Generating Document Frameworks: Create detailed product specifications, agreements, and technical documentation with one prompt. Orbit AI can help you quickly create document templates and content for your specifications.
3. Creating Smart Tasks: Orbit AI converts ideas into actionable tasks by generating detailed descriptions, assigning due dates, allocating resources, and even adding custom fields—all directly from your team’s chat discussions. This feature ensures clarity and accountability throughout the product’s lifecycle.
4. Time tracking: Built-in time tracking monitors effort across tasks and gives you a clear picture of how resources are being used and where adjustments are needed.
5. Resource planning: A dynamic workload view lets you see who’s working on what so you can assign tasks efficiently and prevent burnout. 
6. Reports: Generate automated reports with real-time updates on task completion, overdue items, and team progress. Weekly sprint reports provide a comprehensive view of your team’s achievements.
7. Custom Views: Choose from Kanban boards, Gantt charts, Swimlane views, or Timeline views to organize tasks and prioritize what matters most.
8. Team Communication: Direct messaging and project-based discussions make it easy to stay connected and aligned, whether your team is remote or co-located.

Pros:

• Provides features for roadmap planning, managing tasks, and driving cross-functional collaboration within one tool
• Centralizes documentation, workflows, and knowledge bases for feature planning, development cycles, and task assignments
• Ability to build portfolio within Nifty Workspace and manage product team’s workflow
• Organize sprints using Lists like Backlog, Sprint 1, Sprint 2, and more. Move tasks from the Backlog to a specific Sprint when they are ready for development and release
• Status labels such as “Specifications,” “Design,” “Development,” “Testing,” “Ready for Release,” and “Completed” show the progress of each task in the workflow
• Google Docs lets you link product documents directly to project tasks and makes it easy to collaborate on live documents
• Embed a Miro mindmap, Figma prototype, or any other tool your team uses, and keep all resources in one place

Limitations:

• Too many features can feel overwhelming for users with no product lifecycle background

Ratings: 

• G2: 4.7/5
• Capterra: 4.6/5

Try The Best Product Lifecycle Management Software
Get Started

2. Siemens Teamcenter

Siemens Teamcenter is one of the leading PLM solutions, offering a cloud-based platform. One of its standout features is its use of digital twins. This allows you to simulate and visualize your product’s performance before physical production starts.

As you can imagine, this handy feature saves you time and reduces costly errors. Teamcenter also integrates well with CAD systems so that you can manage design data efficiently without disruptions.

Key Features:

• Digital twins for simulating product performance and improving design
• CAD integration for smooth design documentation and data management
• Real-time lifecycle tracking for better visibility and decision-making
• Secure cloud platform for global collaboration and seamless updates

Pros:

• All design and engineering files are stored in one place for easy access
• CAD models, drawings, and simulations are well-organized and easy to find
• Tracks changes and file versions, which helps with design updates
• Automation of tasks like creating BOMs and sending files for approval saves time

Limitations:

• The interface is outdated and challenging for beginners to use
• Setting up workflows and permissions is complicated and time-consuming
• Performance can slow down when working with large files or complex projects

Ratings:

• G2: 4.3/5
• Capterra: 4.3/5

3. PTC Windchill

Windchill PLM is built for product teams that need a reliable way to manage the entire product lifecycle. It organizes everything in one place and makes it easy for teams to collaborate, track changes, and keep projects on schedule.

Whether you’re dealing with frequent revisions, managing complex workflows, or focusing on quality management, Windchill ensures your team can work without losing valuable time (or data).

Key Features:

• Centralizes CAD files, drawings, simulations, and specifications for easy access and control
• Tracks revisions with full history and impact analysis. Facilitates approval workflows to implement updates
• Configurable automation for repetitive tasks like BOM creation, document routing, and engineering change orders
• Simulate and test product functionality virtually to catch design flaws early
• Modular architecture adapts to new product lines, changing team sizes, and more

Pros:

• Systematic folder management keeps files organized and easy to find
• Documents are accessible and compatible with AutoCAD
• Provides a clear view of a drawing’s state and allows downloading the latest version
• Links drawings with engineering BOM and integrates with manufacturing MES systems

Limitations:

• Files in the workspace must be manually deleted
• No option to download grouped drawings; each drawing must be downloaded separately
• The data loader can be difficult to use at times

Ratings:

• G2: 4/5
• Capterra: 4.5/5

4. Dassault Systèmes ENOVIA

ENOVIA streamlines collaboration, innovation, and data management across the entire product lifecycle. Whether you’re a small team or a large enterprise, it offers the tools to improve efficiency, reduce errors, and enhance communication.

Key Features:

• ENOVIA 3DEXPERIENCE Platform: Centralized dashboard for easy access to project data and updates
• ENOVIA for Mid-Market: Simplified access to the 3DEXPERIENCE platform for smaller businesses, support for CATIA 3D modeling and DELMIA factory simulations
• ENOVIA V5 VPLM: Full integration with CATIA V5 for managing 2D and 3D designs
• ENOVIA SmarTeam: Seamless CAD integration without file conversions

Pros:

• Well-organized and beginner-friendly tool, easy to use with basic training
• Provides comprehensive product lifecycle management with easy access to 3D design data and real-time PLM updates
• Advanced CAD solutions with a single navigator and dashboard for design-related data
• User-friendly for product design processes, widely used in industries like manufacturing, gas, and oil

Limitations:

• Lacks a help or FAQ section on the homepage
• The user interface for some features doesn’t feel intuitive
• Some features can feel overly complex for certain users

Ratings: 

• G2: 4.1/5 
• Capterra: 4.2/5 

5. SAP PLM

SAP PLM helps you take control of the entire product lifecycle, from brainstorming ideas to delivering the final product (and beyond). Teams can align processes, customer insights, and business goals on one collaborative platform.

Whether you’re managing complex supply chains or looking to streamline workflows, SAP PLM integrates with other SAP tools to create a connected system.

Key Features:

• Built-in cost estimators to forecast budgets 
• Compliance and quality control with powerful tracking features
• Ideal for large-scale, multi-team projects with complex requirements

Pros:

• Comprehensive support for the entire product lifecycle, from concept to service
• Strong integration with SAP S/4HANA and manufacturing ERP modules
• Historical data access for managing purchase requisitions, materials, and BOM
• Clear workflows for project management, including tasks, timelines, and cost analysis

Limitations:

• A steep learning curve for new users without prior experience
• Limited training resources and documentation for practical implementation
• An overwhelming number of options that can confuse beginners
• High dependency on customization to meet specific organizational needs
• Fewer product development features compared to other PLM tools

Ratings: 

• G2: 3.7/5 
• Capterra: 4.5/5

Choose Nifty: Simple, comprehensive, and ready to use!
Get Started for Free

6. Propel

Propel provides a cloud-based platform that combines PLM, QMS, PIM, and supplier management into one system. It connects product teams with business and commercial teams across organizations to ensure everyone is on the same page throughout the product lifecycle. 

Key Features:

• Streamline BOM management and supplier relationships in real-time
• Integrate with Microsoft and CAD software for seamless workflow
• Gain quick insights with built-in analytics for data-driven decisions

Pros:

• Simple and effective to use, especially if your organization already uses Salesforce
• Easy to implement, and new features are consistently added with each release

Limitations:

• When searching for category items, you can’t print the list directly without creating a report first
• Sometimes, the tool can be a bit unstable

Ratings: 

• G2: 4.3/5 
• Capterra: 4.1/5 

7. Aras Innovator

Aras Innovator is a web-based PLM platform that helps you manage product development, manufacturing processes, and supply chain operations across sites.

It’s especially useful for industries such as automotive, aerospace, and electronics, where complex product structures and change management are everything.

Key Features:

• Project Portfolio Management provides visibility into projects and programs
• Process Planning integrates manufacturing data and processes
• Systems Engineering manages complex multi-disciplinary product lifecycles from requirements to development, manufacturing, and support
• Multi-CAD Data Management & Visualization integrates MCAD/ECAD systems and provides 3D/2D visualization 
• Parts Management automatically manages relationships between part items and relevant CAD models 
• Bill of Materials (BOM) manages complex MBOM and EBOM structures across mechanical, electronics, and software
• Aras CAD Viewer allows users to view and manage CAD data directly within the platform

Pros:

• Powerful and user-friendly with solid support
• Highly customizable and adaptable to different needs
• Improves efficiency with tailored configurations

Limitations:

• Installation can be challenging
• Difficult to use initially; requires technical expertise for setup
• Support response time can be slow

Ratings: 

• G2: 4.4/5 
• Capterra: 3.6/5 

8. Arena Solutions (Previously Omnify PLM)

Arena is a cloud-based PLM tool that helps manage product data control quality compliance and ensures regulatory standards are met. With its cloud-native design, you can securely access data from anywhere and speed up your product development cycle.

Key Features:

• Role-based access control to protect sensitive information and IP
• Lower total cost of ownership with flexible pricing and no on-premise infrastructure
• Seamless collaboration across teams with real-time updates and easy integration

Pros:

• Intuitive numbering and naming system for easy file organization
• Smooth implementation process with clear steps
• Strong customer support with knowledgeable assistance
• Regular updates to keep the platform current and competitive

Limitations:

• Overwhelming number of options in the dropdown menus 
• Search function requires exact item numbers to find documents
• Integration with some external tools can be challenging

Ratings: 

• G2: 4.2/5 
• Capterra: 4.4/5 

9. Productboard

Productboard stands out as a product lifecycle management tool that puts customer feedback at the heart of the development process. Unlike most platforms that require separate tools for managing customer input, Productboard seamlessly integrates feedback with tasks, priorities, and planning.

Key Features:

• Data-driven ranking for automatic prioritization of important tasks and features
• AI-powered analysis of customer feedback, simplifying the management of user insights for better product testing and planning

Pros:

• A streamlined product prioritization process that ensures alignment with team goals
• An intuitive interface requiring minimal training for implementation
• Seamless integration with tools like Slack and Jira
• Centralized aggregation of customer feedback for efficient feature prioritization
• A responsive and helpful customer support team

Limitations:

• A cluttered dashboard that is difficult to customize
• Limited depth and flexibility in reporting tools for data analysis
• Performance issues when handling large data sets
• Certain tools and features that need further refinement 

Ratings:

• G2: 4.3/5
• Capterra: 4.7/5

10. Upchain (Autodesk Fusion Lifecycle)

Upchain, an Autodesk product, connects people, data, and business processes in one seamless platform. It positions itself as a “single source of truth” for all product data and simplifies complex workflows. 

Key Features:

• Integrations with CAD tools, ERP systems, CRM data, and APIs for streamlined workflows
• A mobile-friendly platform for on-the-go access to product data
• Access to CAD files for all team members, even those without a CAD license

Pros:

• A straightforward drag-and-drop workflow builder 
• Tailored solutions cater to enterprise teams, engineers, and non-engineers
• Seamless collaboration supported by CAD integration and file accessibility for all team members

Limitations:

• Some users have faced challenges in processing complex technical product documents

Ratings:

• G2: NA
• Capterra: 4/5

11. Oracle Agile PLM

Oracle Agile Product Lifecycle Management is a powerful cloud-based software that helps you streamline and manage the entire lifecycle of a product.

With its ability to centralize complex product-related data and processes, this platform is particularly well-suited for enterprise companies. It offers tools to standardize and structure data like real-time reports, product documentation, and compliance requirements.

Key Features:

• Tools to reduce risks during new product introductions by generating comprehensive product requirement documents
• Robust regulatory compliance enforcement by embedding standards at every stage of the product lifecycle
• Centralized management for product documents, root cause analyses, and development processes
• Cloud accessibility for real-time collaboration across global teams

Pros:

• Scalable solution for enterprises handling large volumes of complex data
• Integrated approach across Oracle’s ecosystem

Limitations:

• Steep learning curve due to its advanced features 
• No free or freemium version available

Ratings:

• G2: 4.1/5
• Capterra: 4.2/5

12. Jira Align

Jira Align is a powerful agile project management and product lifecycle management software that helps teams visualize, plan, and address product development challenges in real time. 

It provides the right tools to streamline workflows, track product details, and enhance efficiency while enabling clear communication across all teams for successful product launches.

Key Features:

• Integration with a wide range of third-party apps to expand functionality
• Ready-made templates for quick project initiation and development processes
• Support for both Scrum and Kanban methodologies throughout the product lifecycle
• Tools for proactive management of product development and tracking
• Clear communication channels to enhance team collaboration

Pros:

• Excellent visualization of roadmaps, helping management understand the overall plan
• Effective tools for managing dependencies and risks, including alignment at the user story level
• Top-notch visualization features like matrix graphs for dependencies

Limitations:

• Lacks a proper method to capture actual and perceived business value after PI completion

Ratings:

• G2: 4.1/5
• Capterra: 4.8/5

Key Criteria for Choosing PLM Software

Choosing the best product lifecycle management software is critical for optimizing product development and enhancing collaboration.

Below are the key criteria, such as functionality, scalability, and integration capabilities, to help businesses select the best solution for their needs.

Integration Capabilities

Seamless integration with systems like CAD, ERP, SCM, and even collaboration tools ensures all data stays connected.

For example, integrating with CAD helps teams work on designs without switching platforms, while ERP links streamline supply chain and production processes. The fewer silos, the better your team can collaborate and make informed decisions.

Support for Growth

As your organization scales, your PLM system should scale with it. The ability to handle complex product hierarchies, diverse global teams, and increasing volumes of data is essential.

Choose software that supports growing product portfolios and evolving business models without requiring expensive upgrades or slowdowns.

Tailored to Your Needs

Every industry and organization has unique workflows, compliance requirements, and processes.

Your PLM system should allow deep customization, such as automating approval flows, tracking industry-specific KPIs, or addressing regulatory needs like ISO certifications or FDA compliance.

Ease of Use

A user-friendly interface and intuitive navigation help teams get productive faster. Features like drag-and-drop workflows, search functionalities, and simple dashboards make a big difference. Your PLM should empower everyone, from engineers to quality managers, to work efficiently.

Built-In Compliance Support

Regulatory compliance is non-negotiable in industries such as aerospace, healthcare, and consumer goods. A strong PLM software includes compliance features to track and document adherence to standards like FDA, ISO, or RoHS.

For example, automatic alerts for documentation expiration or non-conformance reports save time and keep your teams audit-ready.

Benefits of Using PLM Software

Product  lifecycle management software offers businesses a centralized platform to manage product data, streamline workflows, and improve collaboration. It enhances efficiency, reduces costs, and accelerates time-to-market.

Here are some of the key benefits of using a PLM software:

Single Source of Truth

All product data—designs, specifications, revisions—is stored in one central location. Teams across departments and locations can work on the latest updates, whether they’re collaborating on a CAD model or reviewing BOMs.

Accelerated Development Timelines

Automating repetitive tasks like document routing, approvals, and BOM creation helps streamline product development, freeing up time for innovation. Shorter approval cycles and streamlined workflows directly cut down time-to-market.

Seamless Cross-Functional Collaboration

Teams from design, engineering, production, and procurement can monitor progress in real time. Design teams stay aligned on the latest revisions, while production teams get a clear view of upcoming changes.

Fewer Errors and No Redundancy

Real-time updates and version control eliminate mistakes caused by outdated data or duplicate work. Teams always have access to the most accurate information. This ensures smoother handoffs and less rework.

Simplified Compliance

Built-in tools automatically track regulatory requirements and flag non-conformances. Whether it’s ISO standards, FDA requirements, or industry-specific certifications, compliance becomes a manageable part of the workflow instead of an afterthought.

Nifty: An All-Round Product Lifecycle Management Software for Businesses in 2025

As a product manager, you know how hard it is to keep track of all moving parts. Design changes happen in an instant. Approval cycles stretch out endlessly. Resource allocation and timelines don’t always coincide.

Nifty streamlines all with PLM-friendly features such as task management, real-time collaboration, and lifecycle tracking in a single platform. You can automate task dependencies, document version control, track project shifts, and avoid delays.

Small teams benefit from ease of use. Multi-department teams will love it for its scalability. Leverage this all-in-one project management tool and convert highly complex product workflows into useful, customer-first products. Sign up now!