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Is SharePoint necessary for simultaneous editing of the same document?

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Is SharePoint necessary for simultaneous editing of the same document?

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For simultaneous editing, you need to store documents either on SharePoint or on SkyDrive. SharePoint is for businesses, as it requires a SharePoint server; SkyDrive is a free service for consumers. For SkyDrive, you need to establish a Windows Live account. That done, you can share documents with anyone, whether or not they’re on Windows Live.

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