Gone are the days of having to track down paperwork in physical filing cabinets.
Document management software makes digging through filing cabinets obsolete. The software also provides security for your most important paperwork and gives your employees the flexibility to access and collaborate on files from anywhere.
The 8 Best Document Management Software
The reviews below include the features, benefits, prices, and any potential drawbacks you should know about each tool.
M-Files offers the future of document management. The software leverages AI technology to automate your organizing process.
When you upload content to M-Files, the platform automatically organizes the data based on what it is, as opposed to just where you want to store it.
Protect your information by connecting your existing network to M-Files’ AI, automatically and securely.
Another top benefit of M-Files is that they offer industry-specific solutions. Some popular industries that they service include:
- Financial services
- Construction and engineering
- Oil and gas
- Real estate
- Professional services
M-Files is great for larger teams that need to access documents at different times. If someone on your staff needs a file that was uploaded and saved by another colleague, they won’t need to search through different folders to see what the document was saved as.
With AI technology, all you need to know is what type of document you’re looking for. Then you can organize the content based on criteria like project title, author, customer, or expiration date.
It automatically detects duplicate content and updates the latest document to one singular file. This way you always know that you’re viewing or working with the latest version.
With M-Files, you can store a wide range of document types, including emails. The software also allows you to collaborate with external users who don’t have M-Files. That content can be shared as a secure link.
M-Files offers cloud storage, on-site storage, and hybrid storage solutions as well.
You can try M-Files free for 30 days but pricing for M-Files is not listed on their website. You need to contact their sales team to inquire about a custom solution.
Templafy is a relatively new DMS. After launching in 2014, they have been providing all-in-one document management solutions for enterprises all over the world.
It’s designed for large businesses and helps streamline tasks to save time when it comes to storing and accessing files.
More than 300 enterprises across 80+ countries use Templafy for document management. This translates to more than one million users.
Using intelligence software, Templafy will automatically show the most relevant content to each employee based on their usage and position.
That means your marketing team doesn’t need to see documents only relevant to accounting, and so on.
Templafy eliminates of having to create new document on a new platform by giving users the ability to create and edit new content directly within the system.
Both new and uploaded content can all be managed in a simple and singular feed on your dashboard.
Templafy’s cloud storage software means you can access documents from anywhere, including on your smartphones and tablets.
You can integrate Templafy with Microsoft Office 365, G-Suite, and other platforms that you’re using to run your business on a daily basis. You can even integrate Templafy with CRM solutions like Salesforce or Microsoft Dynamics.
Big brands like Pandora and IKEA trust Templafy to manage their documents with enterprise-grade software.
In addition to managing documents and files, Templafy has solutions for maximizing employee productivity and creating an evergreen IT infrastructure.
Security is another top benefit of using Templafy. You and your team can securely store and access content from anywhere, using any device, whether you’re online or not.
Like most enterprise software, Templafy provides custom solutions for each unique company. So they don’t list any prices online. You can try Templafy for free before you commit to a contract by reaching out to their sales team.
Revver is one of the best document management solutions on the market. They help individuals, small business owners, and enterprise-level companies organize data and files online.
Their solution helps you remain organized no matter how many documents and files you have.
You can search for documents or locate them based on folder templates or pre-defined file names. Revver also keeps a portfolio of your most used documents for quick access.
The Revver solution does the hard work for you. Simply upload a document, and the software will file it. The automated workflow streamlines your time-consuming tasks to improve efficiency in the office.
All of your documents can be accessed from anywhere with a web browser or mobile app. Use your phone or mobile device to upload directly too. Revver also allows you to sign contracts.
One of the biggest standouts for this solution is the collaboration features. The system allows you to create different levels of security, so only certain people can access data.
Revver has encrypted file sharing and requests, two-factor authentication, and role-based permissions. You can even set IP or location-based authentication.
The software integrates with popular third-party services like DocuSign, Salesforce, and Microsoft Office.
With Revver, you get to choose if you want your storage either on-site or on the cloud. We prefer the cloud storage. But there are advantages to on-premises as well. Click here to learn more and sign up at Revver today.
signNow is an intuitive document signing and management software loved by users for its ease of use and low price point.
signNow is a no-frills solution for affordable document signing services. In terms of features, it stacks up well with big names in the industry, offering unlimited templates, many integrations, cloud storage even on the lowest paid tier, multiple language support, audit trail, reminders, and more.
Unlike e-sign big names like DocuSign and HelloSign, one handy feature signNow offers is a unique direct signing link. When you upload a document for signing, you do not have to let the provider send a third-party email to your client requesting a signature.
Instead, signNow gives you a direct link you can email or text to your client so that the request comes right from you.
Another point for signNow goes to its mobile app. Document recipients can sign important papers without signing up for an account from desktop, phone, or tablet devices.
You can purchase a solution suited specifically for your industry, including but not limited to:
- Financial Services
- Real Estate
signNow users can also set up no-code workflow automation for all document processes. You can assign roles, add conditional routing, set notifications, and integrate with the business tools you already use. Plus, it is very secure, complying with ESIGN authentication and protection, operating according to SOC 2 Type II certification, guaranteeing compliance with industry standards.
signNow has four subscription plans:
- Business: $8 per user per month
- Business Premium: $15 per user per month, includes workflow automation
- Enterprise: $30 per user per month, includes payment requests, attachments, and more
- Business Cloud: $50 per user per month (5 user minimum), includes a suite of tools and more compliance and support
Even the Business Premium pricing is about what many other DMS software charges for their lowest plans. And you can save up to 60% by paying annually instead of monthly. To get started, try signNow’s 7-day free trial and start sending documents now.
DocuWare stands out because it has specific solutions for tasks within your business processes:
- Document management
- Invoice processing
- Employee management
DocuWare has everything you need for digital transformation and going paperless using cloud technology.
As such, we highly recommend them for larger, enterprise businesses.
DocuWare allows you and your staff to edit or annotate documents directly on the platform. Not every DMS on our list gives you this capability.
We like DocuWare because it has features designed to connect remote employees and your deskless workforce. Anyone can easily access content at home or on the go from any device.
More than 12,000 businesses in 90+ countries trust DocuWare for document management. So you know that the company is legitimate with a track record like that.
It has specific use cases for things like contract proposals, finance processes, and HR tasks as well.
The pricing for DocuWare follows a common theme in this guide. They offer a free trial, but you need to contact their customer support team directly for a custom quote.
Hightail is a document management solution with a specific purpose: sharing and collaboration.
Other DMS on the market have features for file sharing as well, but Hightail takes this to the next level.
If you need to send large files securely, this service is going to work well.
Secure sharing is simple. Just drag or upload a file from your device or cloud storage solution into your Hightail account. Enter the information for who you want to share it with, and automatically send an email notification to the recipient.
Share a video presentation with the team, and their get their feedback immediately.
With Hightail, you’ll be able to track the delivery and downloads of content you shared. So you know exactly who opened it and when.
Hightail lets you send files of up to 500 GB. You can add password protection to files and set expiration dates as well.
Here’s an overview of the plans and pricing for Hightail:
Lite — Free
- 100 MB file send limit
- 7 day file expiration
- Comments for feedback enabled
- Sync from third-party integrations
Pro — $12 per month per user
- 25 GB file send limit
- Configurable file expiration
- File previews enabled
- Send tracking and delivery notifications
- Password protection
- Phone and live chat support
Teams — $24 per month per user
- 50 GB file send limit
- Custom branding
- Organization and archiving tools
- Version control with side by side comparisons
- Real-time discussions for collaboration
- Members management
Business — $36 per user
- 500 GB file send limit
- Enterprise-grade security
- Dedicated customer support team
- Organizational level permissions
- Admin reports
As you can see, the pricing is largely based on the file sending limits. But the features get significantly better with each plan as well.
The free option is actually pretty good if you don’t need to send huge files, and even the entry-level Pro plan is suitable for a number of individuals.
If you’re interested in a paid plan, you can try Hightail free for 14 days.
MasterControl is a DMS made for businesses where security is a top priority and concern. Certain industries have strict regulations for companies to comply with.
MasterControl understands those compliance concerns and created a document management solution that meets any security requirements.
They give you the ability to track changes and revisions. This is incredibly helpful—especially if a document needs to be reviewed by a particular person. You can schedule a time and send out reminders as well.
MasterControl can also limit revisions based on access. You have complete control over who can make changes to a document.
You can also create custom watermarks, sequential numbering, and location tracking to control copies of your files.
MasterControl is 21 CFR Part 11 compliant. This means that documents have a time-stamped audit trail, as well as e-sign functionality that complies with federal regulations.
Another unique standout of MasterControl is its learning center. You’ll have access to tons of free videos, documents, and other resources to educate you about the platform and security compliance in general.
If you need enterprise-grade security for document management in a strict industry, MasterControl will be a top option for you to consider. Contact their sales team for a custom quote.
PaperTracer has solutions for small, medium, and enterprise-level businesses. It’s a simple solution for document management.
With PaperTracer, you’ll have the ability to automate your contracts and digitize all of your documents in a centralized database. PaperTracer has tracking and reporting capabilities and HIPPA compliant solutions as well.
You can also benefit from a cloud-based implementation with end-to-end workflow solutions. This will help you with your document management no matter where you are in the process.
E-signature capability is also available with PaperTracer. In fact, that’s what makes them so popular with legal and healthcare businesses.
Here’s a brief overview of the available plans, although all pricing is customized.
- Up to 10 users
- Electronic signing
- Searchable database
- Upload and scan to PDF
- Advanced reports and dashboards
- Input forms
- Up to 100 users
- Contract authorizing
- Custom fields
- Custom workflows
- Unlimited users
- Unlimited input forms
- Single sign-on
Demos and free trials are available for all three plans. We’d recommend PaperTracer for small and medium-sized businesses. While they do have an enterprise-grade solution, there are better options for that on our list.
How to Find the Best Document Management Software
Choosing a document storage solution can be challenging if you don’t know what to look for. Luckily, we’re here to help.
We’ll show you the methodology we used to come up with the choices in this guide. You can use the same system to help narrow your search.
In most cases, document management solutions are either cloud-based or on-site. There are benefits and drawbacks to both.
On-site solutions are typically seen as more secure because it’s in one centralized physical location. However, sometimes that limits you to how and where you can actually access your files.
Also, if something happens to that on-site solution like a fire or physical theft, you might be SOL.
Some companies offer just one, while others let you choose which one you prefer.
For example, eFileCabinet offers both on-premises and cloud-based storage. M-Files has both as well, and also has a hybrid solution. Other solutions, like DocuWare are completely cloud-based.
We prefer cloud solutions because you can access content from anywhere. But for security reasons, some companies want files stored locally on their network.
Consider what your needs are. Would you like to have an on-site, physical location to go to? Or do you enjoy the convenience of the cloud? Or maybe both! The choice is yours.
File Sharing and Collaboration
What can you do with your files once they are uploaded and stored? While organizing files is obviously important, it’s useless for some companies if the documents can’t be shared with teams or external users.
Look for a DMS that accommodates your internal needs for editing or collaborating on files. Features like automated version updates and in-platform editing capabilities are crucial here.
The size of your files will also depend on which solution is best for your business. If you need to share large files, Hightail is the best choice.
Most business-related files and data are sensitive. So it’s important to have a document management solution that can securely store information.
Some solutions offer access permissions based on individual clearance levels or even location.
Other platforms specialize in compliance for unique industries, like healthcare, legal, or government businesses.
Pricing for DMS is usually based on storage limits and users. At each price tier, you can expect the plan to have additional features and benefits.
The majority of the solutions on this list offer custom plans and pricing. So to get a better idea of how much your document management software will cost, you’ll need to consult with a sales representative.
For those of you who are looking for a cost-effective solution and instant sign-ups, eFileCabinet will be a top choice for you to consider.
Ideally, you want to find document management software that works with the platforms you’re already using. Whether it’s CRM like Salesforce, or document editing and creation software like Microsoft Office 365, certain platforms have a wide range of integrations for you to choose from.
However, other solutions that are niche-specific are a bit more limited. So make sure you use software that will actually benefit your workflow process.
The Top Document Management Software in Summary
Document management software is highly diverse. Each solution offers unique benefits for businesses based on size, industry, and many other factors. Consider your specific collaboration needs, security preferences, and whether the solution you’re looking at will integrate seamlessly with the business tools you already use. These criteria will help you narrow down the list.