KB2645: Protecting the Veeam Backup & Replication server
https://www.veeam.com/kb264501.05.2018 · After enabling the encryption option, Veeam Backup & Replication will create encrypted configuration backups containing the passwords stored in the credentials manager. So that when you restore, you will not have to enter passwords for credentials records again (unless the passwords for credentials records have changed by the time of restore).