SharePoint is a web-based collaboration platform that works in tandem with Microsoft SQL Server to provide business intelligence and reporting. SharePoint provides business intelligence content such as data connections, reports, scorecards, dashboards, and more.
With Sharepoint, users can share files, data, news and resources. Sites can be customized to optimize how teams work. Team members can collaborate internally and externally using PCs, Macs, and mobile devices.
A useful tool in SharePoint is the ability to co-author documents. This allows you to edit documents with your team members in real time, giving you a clear view of who is active in the document and what they are editing.
SharePoint has a check-in and check-out feature when co-authoring isn't ideal. A checked out document cannot be edited at the same time until the user who checked out it decides to check it back in with their changes. This is useful when you need to make important changes or view the document without other users making any other changes.
The audit trail in SharePoint tracks what users do on the system and when they are done. This is especially important when you are using a co-authoring tool to track changes to shared documents - and it is important for enterprises in highly regulated industries that often need to provide an audit trail to a government agency to prove they are compliant with data security requirements.