Visual Matrix does not store any backup, neither does any remote backup of your data. The Software does multiple backups automatically and every backups is duplicated and setup to save on the server hard drive and on an external drive.
The primary backups (Daily, Monthly, and Yearly) are set up to automatically save on the server hard drive. This location should not be changed.
The secondary backups (Daily, Monthly, and Yearly) are set up to automatically save on an external hard drive. This location should be setup.