If you are producing a business document, you want to make sure that your target audience is actually going to make the effort to read it. The easier your document is to read, the more likely it is to be read and the information absorbed. If you are producing several similar types of documents, it would be useful to base them on a template so that readers get used to the look and style of the series of documents. Templates are also useful if you regularly take minutes.
Our Business Writing trainer, Ron Denholm, summarises this well here:
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To learn more about setting up Word templates, you may be interested in our Microsoft Word training courses Sydney, Australia, or our Microsoft Word training courses London, UK or our Microsoft Word training courses in Wiltshire, Dorset and Hampshire.