Repositories are a predefined storage location that is used as the destination for your backups. A repository is a storage location with a standardized folder layout and some tracking information. Each repository contains backup information such as storage location, network access information, credentials required to access the resource and other basic storage management. The Site Manager server monitors the repositories and will periodically check the repository for backup files. These backup files can be browsed, restored, and verified.
https://blog.macrium.com/site-manager...