There is a fundamental difference in cloud-based document management vs. cloud storage of documents.
In the 15+ years that we have been in the cloud, we often hear confusion regarding the two popular, yet very contrasting options. When considering what is right for your firm, there are 3 key considerations that need to be made.
There are other considerations that can be mentioned that are not listed above for document management, such as metadata profiling, advanced searching options, workspaces, and client extranets, to name a few, but the bottom line is that document storage providers do not provide the level of sophistication that law firms require. A good document management system will have environments for permanent storage that can be tucked away in a secure environment when a document has met its end-of-life, while keeping all management aspects on the front line of current and active documents.