How to Collaborate files between SharePoint and Office 2007

File collaboration is one of the best integration features between Office 2003/Office 2007 and SharePoint. These task panes allow you to access and modify content in a SharePoint site from within Office without having to navigate to the site using your browser. The feature is available in the following Office 2003 and Office 2007 applications: Word, Excel, Microsoft Project, OneNote, PowerPoint, and Visio.