In today's dynamic environment, people want rapid information. `Digital Libraries' are the source to facilitate businesses, communities, customers, suppliers and other departments in the areas of interest where they can store and retrieve relevant and desired information. A digital library is a library in which collections are stored in digital formats. A digital library is a type of information retrieval system. Every organization in today's scenario maintains a digital library to keep record of the customers and for retrieval and storage for a longer period. Corporate repositories are maintained by corporate organizations where they maintain electronic documents for fast and efficient e-commerce transactions. In this study, the authors have thrown light on the evolving topic of corporate digital library as a medium to assist organizations through its functioning and advantages.

A library is more than just stacks of books on shelves. It requires highly trained people for organization, cataloging, to help researchers, notify new publications, etc. The digital library contains more information than a traditional library, because it adds on to the services like organization of information and search support. There is a growing preference for Internet to traditional libraries because Internet is convenient, easy to use, always open and full of up-to-date material (Church, 2006). A manager and a worker need to obtain information regarding their customers, suppliers or their own situation. E-libraries help the managers to get right information at the right time. Many of the corporate repositories are made available to the general public with a few restrictions in accordance with the rules of open access.

An electronic library consists of electronic material and services (Roy, 1999). Electronic material includes digital material as well as a variety of analog formats that require electricity. Digital Library is a combined technology and information resources to allow remote access, breaking down the physical barriers between resources. Digital library is a "collection of digital objects (text, video, audio) along with the method for access and retrieval (as far as users are concerned) and also for selection, organization and maintenance".

For a further explanation, digital library is a complex area, which covers a large number of heterogeneous disciplines and fields. Digital library is an electronic library which every organization maintains. A password is created to access that library. It involves electronic storage of all the documents of the company and provides a physical access to the document. Companies can perform more substantive, accurate and consistent analysis using digital library to make decisions. One of the best examples of a virtual library is the Networked Computer Science Technical Reports Library (NCSTRL).

Systems Management Journal, Corporate Library, Digital Libraries, E-commerce Transactions, Corporate Repositories, Meta Data Management Solutions, User Modeling, Knowledge Management Services, Data Warehouse, Intellectual Property Rights, Electronic Document Management.