You can edit documents in the list online via Microsoft Office or free OpenOffice.org. If you are using OpenOffice.org you can save file with another name and format to the current folder:
You can edit documents in the list online via Microsoft Office or free OpenOffice.org. You can save file with another name and format to the current folder. You can also map network folder to your OS. Click in windows explorer "Tools->Map Network drive" and add network folder with the path from textbox below: