Following are the most IMPORTANT features of Microsoft SharePoint:

• Using SharePoint to collaborate: An intranet or internal website can be used to keep and communicate ANNOUNCEMENTS, projects, tasks, calendars, and contact lists for usage within the organization. SharePoint also enables safe access because each user can be given varied permissions, such as edit or read-only access, based on the organization's needs. SharePoint may also be used as a central portal for information interchange and task collaboration, and the user EXPERIENCE can be customized for each user.
• SharePoint allows you to manage your content: SharePoint includes a robust content management tool that functions similarly to an electronic document library. Imagine all of the paper files packed in filing cabinets throughout many rooms, making it hard to discover anything WITHOUT sifting through mountains of paper! SharePoint's electronic document management feature provides a central area for electronic files to be stored. By logging into the SharePoint site, members of an organization can also import documents so that files can be shared with all members. Members can also work on the same document collaboratively, make edits, and view REVISION history, allowing them to multitask in a mobile work environment.
• Insight into the business world: SharePoint allows users to read and edit Word, Excel, and PowerPoint files directly from a web browser, as well as use the sophisticated features of Microsoft Office apps. Excel's PowerPivot tool, for example, allows you to generate complicated computations, models, and reports. Instead of emailing files to each member of the group and waiting for them to edit and then email the final version to everyone, SharePoint's business intelligence tools allow you to create and share office documents with others in the organization. This is done securely and concurrently, ensuring that everyone has access to the same version of the document at all times.