--- 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 19 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.9/5** | 19 Reviews | | Ease of Use | 4.9/5 | Based on overall reviews | | Customer Support | 4.9/5 | Based on overall reviews | | Value for Money | 5.0/5 | Based on overall reviews | | Features | 4.9/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: Peony ## Commercial Context - **Starting Price**: US$30.00 - **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 (28541 reviews) 2. [Firmex Virtual Data Room](https://www.softwareadvice.co.nz/software/103637/firmex-virtual-data-rooms) — 4.8/5 (357 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 (17615 reviews) 5. [OneDrive](https://www.softwareadvice.co.nz/software/23542/onedrive) — 4.5/5 (12768 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. ----- ### "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. ----- ### "A true challenger to the VDR incumbents" — 4.0/5 > **Verified Reviewer** | *13 May 2026* | Information Technology & Services | Recommendation rating: 9.0/10 > > **Pros**: Ease of use, ease of setting up, ease of creating different layers of authority for users, ease of assigning documents to distinct user groups (without having to create specific folders) The communication with the team, when needing any kind of assistance, is rapid and exact. Great team. Great product, and definitely worth a recommendation, especially at this price point....incredible. > > **Cons**: There are very few areas which cause issue so this is harder to nail down. Customisable links to send to visitors would be a strong start, as I would prefer to have our own logo and text preferences. It would also be helpful to have the ability to amend uploaded images to fit the banner, but that's not exactly a major issue > > For a company in early stages needing a robust and clearly capable VDR, that is supported with a responsive team and a great price, this is it. Onboarding for us was easy, as was communication and responses from the team. Great experience. ----- ### "Top Dataroom/Deal room for a reasonable price" — 5.0/5 > **Parker** | *23 June 2026* | Financial Services | Recommendation rating: 9.0/10 > > **Pros**: Great value for money and top notch customer support from the founding team\! Simple and easy to use. > > **Cons**: Being able to completely white label would be nice. But of course that is not necessary, just a "nice to have." > > Great overall experience. Happy to be using a complaint and easy to use, yet disruptively-priced data room. ----- ### "Great Platform, Value, and Support" — 5.0/5 > **Joseph** | *10 June 2026* | Information Technology & Services | Recommendation rating: 10.0/10 > > **Pros**: Ease of use, drag and drop capabilities, rapid response in support, and great service and value. It was easy to navigate through out the platform as well as setting up our data room. > > **Cons**: When signing the NDA, it seems to be one letter off or it does not recognize initial letter of name. However, it is corrected after pressing enter/return. Custom NDA was a bit of a learning curve but support was quick to respond. They helped us understand the platform and they helped us fix the issues. The Founders really know the importance of resolving issues and incidents. > > Overall experience has been very positive. I have not fully experienced all the features yet but I will for sure. ----- 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