Does anyone know if Illustrator CS has a feature or plug-in that is comparable to CorelDraw's Label feature?

We want to be able to create one label and then generate a multi-up format for pre-existing die cuts. Currently, CorelDraw and Word are the only programs I know that can perform this function. We would like to convert all our files to Illustrator - but without this function it will be difficult.

Does anyone have any suggestions ?

Thank you,