Word (offline) has had a built-in diff feature for over 10 years, and offline versioning is most likely handled like this: work_document_24_Dec_2023_Changes_from_William_final2-Copy(1).docx
But most likely collaboration is now done via SharePoint and the cloud version where you can track changes live.
But most likely collaboration is now done via SharePoint and the cloud version where you can track changes live.