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Zoho Docs
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Pros
Pro Allows for real-time collaboration
Multiple people can work on the same document at the same time.
Pro No installation required
While Zoho Docs offers native applications for desktop and mobile, you can choose to use the webapp which doesn't require you to download anything and can be accessed from anywhere where there's an Internet connection and a modern web browser.
Pro Reasonable MS Office compatibility
Cons
Con Can get expensive quickly
Zoho Docs has 2 paid plans - $5/user/month and $8/user/month that add additional functionality and increase the storage limit. Compared to standalone purchases, the subscription fees can quickly rack up, especially since they are on a per user basis.
Commonly Compared
Zoho Docs
vs