--- description: Review of Peony Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice New Zealand. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Peony | Reviews, Pricing & Demos - SoftwareAdvice NZ --- Breadcrumb: [Home](/) > [File Sharing Software](/directory/4535/file-sharing/software) > [Peony](/software/534350/Peony) # Peony Canonical: https://www.softwareadvice.co.nz/software/534350/Peony Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/534350/Peony?page=2) > Peony is an AI-based data room platform designed for secure document sharing with analytics and access controls. It is used by teams across various industries for tasks such as closing deals, raising capital, or collaborating on projects that require secure document management. The platform includes security features such as password protection, expiration dates, dynamic watermarks, two-factor authentication, and burn-after-reading functionality. It provides real-time tracking and analytics to monitor file activity, including details on file access, viewing duration, and page-level engagement. AI-powered document intelligence is integrated to automatically address recipient questions. The system supports compliant e-Signature functionality with audit trails and offers branded sharing pages for professional document presentation. Peony features a channel-based interface for organized document sharing and collaboration among team members. It delivers insights into recipient behavior and common questions, helping teams understand interactions with shared documents. The platform is designed to help document workflows, allowing teams to manage sensitive files while maintaining control. > > Verdict: Rated **4.9/5** by 13 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.9/5** | 13 Reviews | | Ease of Use | 4.9/5 | Based on overall reviews | | Customer Support | 5.0/5 | Based on overall reviews | | Value for Money | 5.0/5 | Based on overall reviews | | Features | 5.0/5 | Based on overall reviews | | Recommendation percentage | 100% | (10/10 Likelihood to recommend) | ## About the vendor - **Company**: Peony ## Commercial Context - **Starting Price**: US$20.00 - **Pricing model**: Flat Rate (Free version available) (Free Trial) - **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: English - **Available Countries**: Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium and 209 more ## Features - AI Copilot - API - Access Controls/Permissions - Activity Dashboard - Activity Tracking - Alerts/Notifications - Approval Process Control - Audit Trail - Authentication - Automatic Backup - Bulk Uploading - Collaboration Tools - Commenting/Notes - Compliance Management - Content Management - Customisable Branding - Customisable Templates - Data Import/Export - Data Security - Data Storage Management ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat ## Category - [File Sharing Software](https://www.softwareadvice.co.nz/directory/4535/file-sharing/software) ## Related Categories - [File Sharing Software](https://www.softwareadvice.co.nz/directory/4535/file-sharing/software) - [Virtual Data Room Software](https://www.softwareadvice.co.nz/directory/4521/virtual-data-room/software) ## Alternatives 1. [Google Drive](https://www.softwareadvice.co.nz/software/105807/google-drive) — 4.8/5 (28490 reviews) 2. [Firmex Virtual Data Room](https://www.softwareadvice.co.nz/software/103637/firmex-virtual-data-rooms) — 4.8/5 (356 reviews) 3. [Datasite Diligence Virtual Data Room](https://www.softwareadvice.co.nz/software/75150/datasiteone) — 4.7/5 (143 reviews) 4. [Google Workspace](https://www.softwareadvice.co.nz/software/344998/google-workspace) — 4.7/5 (17559 reviews) 5. [OneDrive](https://www.softwareadvice.co.nz/software/23542/onedrive) — 4.5/5 (12700 reviews) ## Reviews ### "Modern, polished, and easy to trust" — 5.0/5 > **Oliver** | *25 March 2026* | Computer Software | Recommendation rating: 10.0/10 > > **Pros**: Peony has been easy to implement and easy to use. The interface feels modern and intuitive, and it makes secure document sharing much more straightforward than older, more cumbersome tools. We’ve especially liked the combination of strong access controls, a polished sharing experience, and useful visibility into how recipients are engaging with documents. It solves an important business problem cleanly and professionally. > > **Cons**: There has not been much to dislike so far. As with any newer platform, there are always areas where additional customization or more advanced workflow options could be helpful over time, but our experience has been very positive overall and the core product has delivered well. > > Our overall experience with Peony has been very positive. The product does what it promises and makes secure document sharing feel much simpler and more modern than many legacy alternatives. It was easy to get up and running, the platform feels thoughtfully designed, and the overall experience has been smooth for our team. We’ve also found the visibility into document activity genuinely useful, since it adds context beyond basic file sharing. Overall, Peony feels like a well-built product that balances security, usability, and professionalism very well. ----- ### "Good product and excellent customer service" — 5.0/5 > **Verified Reviewer** | *5 April 2026* | Biotechnology | Recommendation rating: 10.0/10 > > **Pros**: What I appreciate most about this product is the incredible value for money. You get premium features without the enterprise-level price tag. On top of that, the ease of use is a total win; the interface is so intuitive that our team was up and running in hours, not days. It’s rare to find a tool that is this powerful yet this accessible. > > **Cons**: While the product excels in value and simplicity, there is one area that could use a boost: the onboarding resources. Currently, the documentation is good, but it can feel a bit lost when you're trying to master a new workflow quickly. I’d love to see a few short, targeted tutorial videos integrated into the help center. > > While Peony itself is excellent, the support is the real standout. Every interaction I've had has been rapid, friendly, and super efficient. It’s rare to find a company that values the user’s time as much as they do. They don't just provide quick fixes; they provide real solutions with a human touch. ----- ### "The best data room ever" — 5.0/5 > **Toan** | *24 April 2026* | Information Technology & Services | Recommendation rating: 8.0/10 > > **Pros**: Value for Money Customer Support Ease of Use File Sharing File Management Cloud Storage Data Management > > **Cons**: Lack of function: Due diligence tracking; Data room audit logs; beautiful User Experience and User Interface ----- ### "Give your prospective investors a better experience at a 1/5th of the price of Docsend" — 5.0/5 > **Chris** | *18 March 2026* | Consumer Services | Recommendation rating: 10.0/10 > > **Pros**: Just switched from Docsend to Peony as we launched our Series A round. Excellent value and customer experience -- all the key features of the upper Docsend tiers at a fraction of the price, but the decision was definitely not about price and more about the modern experience (for both fundraisers and prospective investors) that Peony provides with both design and functionality. Nice flexibility for data rooms to have combinations of embedded file types, videos, web links and more. Doesn't have the third-party management features of Docsend, but not missing that too much, managing more through shared-use links with portal registration. > > **Cons**: No major frictions thus far. Only issues/questions the team quickly addressed. Tiny CX upgrades will surely come over time but it's 95% spot on already. > > Great. Mostly intuitive. Fast app speed. Team has been super responsive to help navigating some set-up needs and questions. No relation to the team, just met them, but I am happy to celebrate products that are a breeze to use. ----- ### "Great polished, modern product. Would recommend trying\!" — 5.0/5 > **Verified Reviewer** | *7 April 2026* | Telecommunications | Recommendation rating: 9.0/10 > > **Pros**: - The user interface is modern and relatively easy to navigate/use. - The feature set is wide, covering what many other products in the same niche do for a more accessible and transparent price. - Responsive team who clearly care about what they're building. > > **Cons**: - It would be great if there was a single-use tier, i.e. for a single data room with a fixed amount of storage/files, but inclusive of all of the key features. If this is already a thing, it's not incredibly clear to me. > > Great overall customer care experience, with fast response times as well. The team seem to really care about helping out their customers. I've spent some time looking for a solution like Peony, but all the others were just too expensive for what they claim to offer. Trialling Peony, it appears to suit my needs thus far. ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/534350/Peony?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.nz/software/534350/Peony) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data