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5 Best DMS Accounting Software

by Scott Max
I'll offer two ways to find the tool, software or service you need, keep reading our breakdown and recommendations, or tell us about your business and the problem you are trying to solve and we will advise you for free!

Quick links for the Best Accounting Software

Best Overall 🏆

Melio

The winner for its smooth workflow, focusing on exactly what you need in accounting software.

Read Review

Best For U.S. 🥈

ZarMoney

A sales-focused CRM that uses AI to automate repetitive tasks and manage leads and sales.

Read Review

Easiest To Use 🥉

Quickbooks

The industry leader & the incumbent. This will have the most integrations and support network.

Read Review


So, you are in the market for DMS Accounting software.

Ideal, because in this article we have our compilation list for our top picks, and we compare the features and pricing for you. 


If you just want the best choice, we’ve added that right at the top of the article as this was what is most requested by our customers and what we see the best feedback with. So, that’ll be the “can’t go wrong” option. 

Otherwise, feel free to explore all the options we’ve reviewed on the market to find something that might fit you a little better.

Enjoy the list!

The Best DMS Accounting Software Specifically

Document sharing is an intrinsic part of every business. With a document management system, you can streamline collaboration and document collection. A DMS software that offers automated workflows, swift processing and personalized workspaces will be the perfect fit for this category. Have a look at the products below to choose the best DMS Accounting software specifically:

1. Alfresco

When Alfresco was designed, the developers saw that the growth of content was phenomenal, and yet the growth of the document management industry had been pedestrian. This meant there was a vast unserved market. Alfresco has made its document management system dramatically cheaper and easily comprehensible for the general public.

Alfresco Features

Here are some exclusive features of Alfresco:

Powerful Search and Discovery: With Alfresco, you can instantly find the exact document you're searching for, irrespective of whether there are numerous files in your document management system. Its robust search features, like; instant suggestions let you retrieve relevant content faster.

Smart Folders: With Alfresco, you can use smart folders to make content discovery simpler by grouping documents based on the content rather than their location. Additionally, you can access these documents from several devices and even common productivity applications.

Integrate Content into Process: Alfresco helps you maximize the content value with a robust combination of enterprise document management and workflow capabilities. Alfresco opens endless opportunities to make the business flow better and optimize your information.

Built-in Workflows: With Alfresco's built-in workflows, you can simplify document review and approval. You can also use custom process definitions to streamline any content-intensive activity. Additionally, you can use the rich metadata models or properties; to automatically move documents through a business process or lifecycle.

Secure business-critical content: With Alfresco, you can enable enterprise-grade security controls and integrated record management capabilities to protect critical business content at every stage. You can introduce multiple layers of access permissions to control who can edit or move the files.

Alfresco Pricing

Alfresco offers an on-demand pricing quote for all users. You can click on "Products" and select "Pricing information" to open the "Get a Quote" form. Once done, fill in the credentials and wait for Alfresco's sales team to get in touch.

2. M-Files

M-Files is changing the way the world manages information with a simple intuitive approach to enterprise information management. M-Files stores all of your content in a secure central repository that's accessible on all of your devices, like standard desktop or laptop computers, tablets and smartphones.

M-Files Features

Here are some exclusive features of M-Files:

Better Document Management: The M-Files metadata-driven document management platform enables knowledge workers to instantly find the right information in any context, automate business processes, and enforce information control. This provides businesses with a competitive advantage and substantial ROI as they deliver superior customer experiences.

Realize ROI Quickly: When you're searching for critical information, every second counts. You don't want to be caught up in a web of folders when you quickly need a document or a piece of information. With M-Files' metadata-driven platform, you'll find the right document instantly without having to scour through folders.

Output Optimization: M-Files provides automated document management workflows and drives better business outcomes. With M-Files, you can find the results you're looking for, as it's a metadata-driven platform designed to eliminate errors and boost productivity.

Ensure Compliance: Your business can stay compliant with regulations and avoid costly penalties by adopting M-Files metadata-driven document management platform. It helps you reduce risk by ensuring compliance, information security, accuracy, profitability and auditablity.

Collaborate Securely: Collaboration is a crucial aspect of running a business. You'll be amazed at the speed of business when you bring customers and employees together in collaborative workspaces. With M-Files, you can share information instantly and securely.

M-Files Pricing

M-Files offers on-demand pricing quotes for its document collection and management system. You can fill out the "schedule a demo" form to get in touch with the M-Files sales team.

3. Docuware

Docuware provides document management for teams who appreciate simplicity. Every document is digitized and organized automatically. Moreover, setting up a workflow between colleagues is a snap and leads to effortless communication. With Docuware, you can say goodbye to manual data entry and frustrating tasks.

Docuware Features

Here are some exclusive features of Docuware:

Intelligent Indexing and Data Enrichment: Docuware uses AI-based technology to; convert document content right into indexing terms automatically. It also creates a full-text record of all content for precise, customizable search queries. Additionally, you can use data from other applications to complete a document's indexed metadata and ensure consistent taxonomy.

Digital Editing and Versioning: With Docuware, you can use stamps, annotations or image corrections without changing original documents. Additionally, you can automatically save edited documents as a new version and always keep document histories under control.

Workflow Automation and Preconfigured Solutions: With Docuware's workflow manager, you can design automation workflows, identify steps of a process and then connect them with actions. Moreover, you can specify substitution rules or leverage metadata; to automatically redirect documents into the correct queue. You can also automate key business processes like invoice processing or onboarding with out-of-the-box workflows.

Process Transparency: Docuware provides detailed logging and monitoring of all actions to offer full traceability and 100% transparency. You can manage your operations digitally and automatedly using workflows and allow your employees to work timely and transparently.

Pending Box: Docuware ensures you do not lose track of assignments and efficiently manage routine tasks with automation capabilities. In the pending box, you can see your tasks conveniently bundled according to the deadline. Moreover, you can set additional alerts to receive email notifications for pending work or approvals.

Docuware Pricing

Docuware offers on-demand pricing quotes for its document management system.

4. DocStar

DocStar empowers your business to capture, record and manage any document. It ensures your business files are securely stored in the database and accessible anytime to the employees. With DocStar, you can set approval timelines and create personalized workspaces to edit and verify documents.

DocStar Features

Here are some exclusive features of DocStar:

AP Automation: With Docstar's AP Automation, you get a 360⁰ view of accounts payable. You can streamline the entire AP process with electronic forms and automated workflows. Additionally, DocStar lets you perform 2-and 3-way matching to identify errors automatically and gain better insights for early payment discounts.

Electronic Forms: DocStar forms allow your team to: easily create custom digital forms with drag-and-drop technology. Your teams can access DocStar forms on any device, and integration with your existing line of business software enables automated notifications of workflow assignments to ensure faster and more efficient processing.

Automated Workflow: DocStar workflow enhances existing document-driven business processes, improving productivity and business process insight. You can use the built-in graphical workflow design tools for easy configuration and updates. Additionally, DocStar ensures you stay consistent by automatically directing business content to the right place.

Intelligent Data Capture: DocStar offers intelligent data capture, eliminating labour-intensive, error-prone and time-consuming manual document processing. With DocStar's patented Document classification engine, you don't have to worry about classifying or separating your documents.

PackageWorks: DocStar PackageWorks helps streamline the task of collecting and managing key documents during the case management process. It enhances visibility and collaboration by providing centralized document and status information. Additionally, you can process cases faster to improve response time.

DocStar Pricing

DocStar offers customized subscription plans and an On-demand pricing quote for its document management solution.

5. Bit.AI

Bit.ai claims to be the world's most powerful workplace and document management platform. It is designed for teams and individuals to build, collaborate and organize all the knowledge. With Bit.ai you can create swift dynamic notes, documents, wikis, knowledge bases, client deliverables and training guides while connecting across the apps you work.

Bit.AI Features

Here are some exclusive features of Bit.ai:

Workflow Solutions: You can create customizable workflows within Bit.ai that fit your business requirements. Bit.ai is structured to break down business silos and assist in effortlessly moving content across teams. Additionally, every workspace is only visible to the person who creates it until they add additional team members.

Digital Content Management: Bit.ai's content library helps teams save and categorize digital content and assets they use frequently. Moreover, digital content is saved and accessible through workspaces for only colleagues and team members that are part of a shared workspace.

Smart Document Editor: Bit.ai lets you focus on the content by helping with design and formatting. Bit.ai's documents are completely responsive and look great on all devices. Additionally, you can add your logo and organization name to enhance your visibility and professionalism.

End-to-end Document Sharing: With Bit.ai, you can gather real-time insights to understand how users interact with your content. You can see how much time your team members spend viewing documents, scroll ratio and user information. Additionally, you can protect your document with a custom password to avoid spoofing.

Custom Document Branding: Bit.ai provides a unique subdomain and login page to all organizations with their company logo. Additionally, it allows you to create additional organizations and login into multiple accounts simultaneously. So you can toggle back and forth between different companies to get the work done faster.

Security: Bit.ai ensures the confidentiality of customers' content in transit and at rest with AES 256 encryption. Bit.ai uses industry-standard programming techniques like having a documented development and quality assurance process to meet security standards.

Bit.ai Pricing

Bit.ai offers 3 Pricing options for its document collection and management system.

The "Free" plan is priced at $0 and offers 1 GB storage, a 5MB file limit, multiple import options and a content library.

The "Pro" plan is priced at $12/month and offers 500 GB storage, a 200 MB file limit, unlimited version history and multiple export options.

The "Business" plan is priced at $20/month and offers personalized team demos, trackable documents, unlimited storage, free guest access and priority support.

Why use DMS software at all?

In this day and age of innovation and technology, if you're still stuck with outdated methods to collaborate and share files, you cannot expect to maximize your potential. You need a dedicated tool that supports team collaboration and lets you manage business documents without any complexity.

With DMS software, you can maintain an organized database of all relevant business documents. It helps you drive better business outcomes, improve productivity and lessen the manual workload. DMS software gives you complete control over your business files and lets you set access permissions.

Why should you use DMS Accounting Software?

Data is, without any doubt, one of the most crucial assets of a company. So if you simplify data management, you drive better performances by removing data silos and bottlenecks. It improves your business process and makes running operations faster.

However, simplifying data management is not an easy task. Most of the business data exist as documents. Many companies still go with the ancient method of using files to store company data. But you cannot expect a physical space; to efficiently store an entire company's business documents.

With DMS Accounting software, you can enhance data storage and avoid turning your office into a storage facility. Additionally, it improves productivity by providing your team with an automatic tool for managing documents and requesting approvals.

DMS Accounting software provides remote access to your employees and stores the bulk of the information in the cloud. It facilitates collaboration by allowing multiple team members to work on the same version of a document without affecting each other's progress.

Best DMS Accounting Software, A Summary

DMS Accounting software offers endless benefits that can revolutionize data management across your organization. It digitizes your business processes and gives you more time to focus on making critical decisions by automating mundane manual entry tasks.

Alfresco offers built-in workflows, smart folders and powerful discovery features, making it our suggested pick for the best DMS accounting software. Visit the website to get started.

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