Have you ever used Google Docs for that? Vastly superior. You don’t even have to send your updated version to anyone… They can see it and work on it with you in real time.
SharePoint promised to make this same functionality work but never got it right. Same for the web version of office. They’re horrible compared to Google Docs and there’s supposedly even better collab word processing tools.
Google Docs does not integrate in the typical European (or German) company and can not be deployed on premise.
If you can not control the update path (besides other obv. shortcomings) of the product it is already in a bad light when considering within an enterprise environment.
Since the AI rush I now encounter American software named alongside in requirements like:
“isn’t an american, russian or chinese product”. These requirements are stated by lawyers and product owners explicitly beforehand.