What it is: Sharepoint is an enterprise level content management system developed by Microsoft.
Type: Fee-based licensed software
Cost: Depending on amount of users price varies from $12,000-14,000 in software costs, $7,500-250,000 in user licenses, and $15,000-200,000 in implementation, intranet planning and launch costs.
Features: The software package offers intranet portals, website management, data storage management and analytics.
Pros: For a large business environment, Sharepoint offers a platform for large amounts of data to be managed and analyzed. Also, internal communities can be established to manage projects, exchange information in collaboration between staff.
Cons: The high cost of SharePoint in comparison to other options can be too much for some smaller businesses. Also, in many cases 3rd party applications are needed to satisfy company needs.