There is a lot of talk these days about “going digital,” but for many, the mountains of paperwork still commanding their office space make the digital age seem, well, pretty similar to 20 years ago.
Thankfully, there is software to help bring you, and your documents, into the 21st century.
Document Management Software is a great resource for importing your paperwork, capturing images, tracking changes and shrinking your paperwork mountains into paperwork molehills. With its ability to increase efficiency and handle greater volumes of data, document management is expected to be one of the most important investments a firm can make in the next few years.
The problem is: there are more than 350 Document Management Software Solutions out there, all with different features and abilities. How do you find out which one is right for your business?
Making the right software purchase requires a lot of thought and research, but Capterra is here to help.
We have researched the Top 20 Most Popular Document Management Software Solutions to help you in your quest for the perfect software for your organization. This list is not all-inclusive of the software options available, and we don’t recommend you use it to create your short-list. However, we think it’s a good place to start to familiarize yourself with some of the “big players” in the space.
This space was particularly interesting because there are so many features that make up document management: each software is different in terms of how long it follows a document through its lifespan, and on which aspects of the document it focuses.
To narrow down our definitions of “document management software,” we first provisioned that the software must have capabilities beyond file storage: so, they must provide file storage in addition to document tracking, document security, etc. Secondly, we decided to omit any products that were primarily collaboration tools (this would include some of the big online players, like Google Drive, Box, Dropbox, and other similar companies).
Take a moment to read our research methodology below to better understand our results and how our definition of market share differs from others.
This study is one of a series of Top 20 research Capterra has been performing for some of our largest directory categories. It is based on a popularity index that takes into account:
- Number of active customers
- Number of active users
- Metrics of Social Presence (Google +1s. Twitter followers, LinkedIn company page followers, Facebook likes, Klout scores, and Capterra reviews)
Unlike traditional market share reports, we do not consider company revenue as part of this equation. First of all, we believe popularity provides a better reflection of true market share than looking at revenue alone, and secondly, we do not wish to exclude privately held companies who do not publicly share revenue numbers.
This index weighs the ratio of customers and users so smaller vendors remain on a relatively equal playing field as their larger competitors. In this context, we have defined customers as the number of unique entities (companies, licenses, etc.) currently using the product and we have defined users as the number of active administrative users within those entities.
These metrics have imperfections, but we believe that when combined they form a pretty good representation of the market as a whole.
If you want to learn more about why we are performing this research, please refer to our first Top 20 infographic series blog post, which goes more in-depth.
To obtain the customer and user numbers we used in our algorithm, we contacted the software vendors directly. In some cases, the venders either did not publicly disclose certain numbers, or did not track the exact numbers we were looking for. In those cases, some vendors provided us with rough estimates, erring on the low side. Additionally, there were some instances where we estimated any missing numbers based on our own industry knowledge and research. These figures are highlighted in the table below.
We obtained the social media numbers directly from the respective sites, and these figures are as up-to-date as possible considering their constant fluctuation.
For this research, we decided to only include systems that were specifically document management. That means that any online collaboration tools (ie: Google Docs, Dropbox, Box, and other similar companies) were omitted.
It would be safe to assume that all of the numbers represented in this table are, in fact, estimates. However, we are confident they are the best estimates available publicly to date, and still provide an accurate depiction of market breakdown.
If you think we missed a Document Management provider on this list, please let us know! All of our Top 20 infographics will be updated multiple times per year to reflect changes in the market, so be sure to check back every few months.
Looking for Document Management software? Check out Capterra's list of the best Document Management software solutions.