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I have been trying to find a simple answer for a while now but I can't seem to get a direct answer?! Can someone please put it into simple terms? Thanks it would be much appreciated

+2  A: 

SharePoint is a content management system (CMS) build with an ASP.NET front end, and an XML based backend running on IIS and SQL Server.

A good start is wikipedia:

http://en.wikipedia.org/wiki/Microsoft_SharePoint

Andrew Lewis
If you read the wikipedia entry you'd see that it's a lot more than just a CMS!
ScottE
+2  A: 

Sharepoint is just a one stop shop portal. It allows you to manage documents, provide workflow, and collaboration. It even can be built to work like a CRM system, especially the 2010 version which is .net based.

All in all it is a good intranet tool for a company big or small. It can handle documents and provide information like when the document was updated, what was updated, checking in / out documents.

It also allows you to post notes, reminders, notifications for company wide functional groups. You can strict it to be departmental. It is a monster that is based on a SQL SERVER backend with some notorious tables. You can build lists of any sort, import Excel data, and create performance indicators for things like reports or management content.

Just a very large CMS (can be CRM) / Document Mgmt / Anything embedded from .net system.

JonH
Nice try Microsoft...
Kit Menke
A: 

Sharepoint is a system for shared calenders, appointments, discussions, document tracking, crm and cms solutions...

Good for internal use - but can equally be used external public face content manageable sites.

Shane