E-Portfolios are a new type of software and it is still relatively vague to determine, which functions are obligatory – that is which functions constitute characteristic features – and which functions are just optional (“nice to have“). This article describes the concept and the preliminary results of a research project which was conducted to evaluate E-Portfolio software, and aims at providing decision guidance for implementing E-Portfolios in higher education - first and foremost from the pedagogical perspective. Which recommendations can be made to an institution which now wants to implement electronic portfolios with a certain objective?