Microsoft SharePoint is a web application that enables users within an organization to work together, collaborate, more efficiently through its vast number of features.
Although collaboration is at the heart of SharePoint, it includes many other important core features to help in the following business needs:
• Document Management
• Web Content Management
• Business Process Management (Workflows)
• Enterprise Search
• Business Intelligence (Dashboards, Reports)
• Electronic Forms (InfoPath)
• Social Networking
And that’s just out-of-the-box features. Not only can all these features be customized to fit any organization but SharePoint can also serve as a platform to build solutions (custom applications) for any type of organization or need.