Microsoft SharePoint 2.0 is an integrated suite of server capabilities that can help improve organizational effectiveness by providing comprehensive content management and enterprise search, accelerating shared business processes, and facilitating information-sharing across boundaries for better business insight.

MS SharePoint supports all  Web applications across an enterprise within one integrated platform, instead of relying on separate fragmented systems.

• Control documents through detailed, extensible policy management. Define customized document management policies to control access rights at a per-item level, specify retention period and expiration actions, and track content through document-auditing settings. Policy integration with familiar client applications makes compliance transparent and easy for employees. Integration with Information Rights Management helps ensure that proprietary and confidential information is better protected even if it is not connected to a server.
• Centrally store, manage, and access documents across the enterprise. Organizations can store and organize all business documents and content in one central location, and users have a consistent mechanism to navigate and find relevant information. Default repository settings can be modified to add workflow, define retention policies, and add new templates and content types.
• Simplify Web content management. Provide easy-to-use functionality to create, approve, and publish Web content. Master Pages and Page Layouts provide reusable templates for a consistent look and feel. New functionality enables enterprises to publish content from one area to another (for example, from a collaborative site to a portal), or to cost-effectively manage multilingual delivery of content on multiple intranet, extranet, and Internet sites.
• Extend business processes across the organization. Forms Services–driven solutions make it possible to more securely and accurately collect information both inside and outside the organization without coding any custom applications. This information can then be integrated easily into line-of-business systems, stored in document libraries, used to start workflow processes, or submitted to Web services, thus avoiding duplicate effort and costly errors resulting from manual data entry.
• Streamline everyday business activities. Take advantage of workflows to automate and gain more visibility into common business activities such as document review and approval, issue tracking, and signature collection. Integration with familiar Microsoft Office client applications, e-mail, and Web browsers simplifies the user experience.