As long as you have the CC files located where you or anyone else can access them (such as on a main server), you can use them without Vault. I've never done such but it should be possible.
Look into using Vault, it can be a huge time saver and it can also save your life as far as files go. Copy Design is a huge advantage that I've used numerous times. Vault Workgroups adds in revision control if that's needed. I swear by Vault (I know, some people swear at it).
Jim
Celtic Design Services, LLC
Inventor/AutoCAD/Vault WorkGroups
Always for hire - celticdesign01ATyahooDOTcom
http://www.linkedin.com/pub/celticdesignservices-llc/51/610/398/
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