SDL Trados Studio is a translation memory tool that provides translation memory and terminology management. It is a software that displays sources and translates its file type by providing the most extensive file format support available in order for it to be able to open and work on a wide range of projects from the latest Microsoft Office file formats to XML. It features AutosSuggest with sub-segment matching suggestions, RevLex, a translation memory engine that has Contect Match for improved concordance searching. It can make suggestions based on source content for translating in any file format with QuickPlace, and if there is no translation match for a particular segment, it can be automatically translated using Automated Translation. Languages, files and deadlines are located in a centralized location for managing and preparing projects using a customizable project wizard that automatically functions for repeated tasks. The software automatically provides word counts, analysis and reports that are created and stored with the project in order for the users to keep track of their progress, they can also review, accept or decline changes with Track Changes, and a real-time QA will check and highlight possible errors in punctuation, terminology and inconsistencies automatically. The software has a selection of apps and plug-ins available, including SDLXLIFF Converter, which allows reviewing of translations in MS Word. It supports industry standards such as XLIFF for bilingual files, TMX for translation memories and TBX for terminology databases.