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There is an increasing popularity in the market for Requirements management software and this requirements management software holds the name as proper tool for managing and handling requirements. Though this requirements management software is costly, the demand for such software is always high and this software is well suited for all kinds of firms which range from small scale to large scale. Structured storage of the requirements is possible by the use of requirements management software and this software stores the requirement contents in a web based database which is collective and far superior from other improper methods of requirements management. This software keeps track of the requirements by directly accessing the browser. This process is very safe and secure and can be done in any computer with an internet connection. Access to requirements by various users at the same time is also possible by using requirements management software. Our needs are fulfilled with the various features of the requirements management software. This software can generate many views for the users and provide many customized fields to keep track of the requirements. This software can integrate with other tools used in an organization to provide up-to-date information regarding the requirements. Inter linking of requirements is done by requirements management software to avoid missing of requirements from customers and stake holders. This software makes quick analysis for any changes done in the requirement list and changes the related fields. Sharing of requirements is done effectively between various department employees and alert messages and mails are sent to the users related to the discussion. Requirements are prioritized so that the products are designed mainly based on high value requirements. The requirements based on our interests can be found using the search box and can be exported to any other tool easily. These advantages make requirements management software to be preferred by many organizations.