I have used OneNote in the past and am currently implementing it for my Coding and Precert teams. We also have a Shared drive and I simply use it as a storage portal. I create a link to the document in OneNote to make it easy for them to find. The ability to insert printouts, web links, etc makes it so easy to organize and, being a Shared Notebook, it can be accessed by multiple users at once. I create a OneNote folder on the Shared drive and save the Notebook there then send out a link to the relevant staff members.
I make sure to keep the History and Recycle Bin turned on for the Notebook so that if something is accidentally deleted, it can usually be recovered. I have a profound dislike of hard copy binders as a team reference because it's such a nuisance to keep them up to date. OneNote allows me to update in one place; if I have a team member who prefers paper, they're welcome to print their most frequently used resources.
Updates are communicated via internal email and I can then cross-link if needed to the page in OneNote or embed a copy of the email update on that page or in that section, as appropriate.
I'm working with the leads of a couple of other teams to create an Insurance Reference Guide in OneNote that will be rolled out company wide, specifically so we can move away from paper updates since no one seems to have the same information, regardless of how many updates are sent out.