OffiSync is a startup that allows you to save your files directly from MS Office to online storage with Google Docs.
The benefits of this are numerous. First off, if all your documents are stored remotely, then you reduce the risk of loosing any files due to hard drive crashes. With files stored in the cloud, you will also be able to access your files from any where with an internet connection.
OffiSync also makes document collaboration easier. You can easily assign permissions and share documents with others. When a version of a document is saved, Google Docs will automatically update the version number and retain the old versions. This makes it much easier for a team to collectively work on documents.
OffiSync recently announced integration with Google Image Search. This will allow you to search for Google Images directly from Office. When you see an image you like simply add it to your document.
My only complaint is that OffiSync work only on Windows Machines.
Learn more about OffiSync here.