If you follow the tech news you will know that Microsoft and Dropbox had earlier established a partnership with a goal to make it easier to work with your Microsoft Office applications from Dropbox. This goal is now to the point where the integration between Dropbox on the web and Office Online is a reality.
Now, when working in Office Online you can add your Dropbox account to easily browse, open and edit Office files with Office Online. You can also create new files in Office Online, and save them directly to your Dropbox.
The same integration is available from Dropbox in a web browser. You can now access Office Online directly from the file you are viewing. Just click the Open button when you’re previewing a Word, PowerPoint or Excel file from Dropbox on the web, and you can edit the file right from your browser using Office Online. [ source: Office Blogs).
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