A distribution list (DL) is just a convenient way to send an email message or meeting invitation to many people at once. Group in Outlook meets those simple needs and provides much more value with a shared membership across the following capabilities:
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Shared Mailbox—For email conversations between your members. This inbox has an email address and can be set to accept messages from people outside the group and even outside your organization, much like a traditional distribution list.
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Shared Calendar—For scheduling events related to the group.
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SharePoint Document Library—A central place for the group to store and share files.
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Shared OneNote Notebook—For gathering ideas, research, and information.
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SharePoint Team site—A central repository for information, links, and content relating to your group.
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Planner—For assigning and managing project tasks among your group members.
You don't have to manually create any of those resources. Creating the group automatically creates them for you and assigns the necessary permissions for your group members so they can start using them right away from anywhere: in the cloud, on the desktop, or on a mobile device.