Versioning allows you to maintain a working history of documents. Go back to any point and see what a document looked like on a certain date. It also lets you see exactly who did what on a document, and when, making it a great tool for finding and tracking changes. It lets you save comments on each version so you remember what changed. All the versioning information is stored within the document which means you dont need to maintain and track multiple copies of the document. In addition to saving disk space, this makes managing versions incredibly easy.

New versioning dialog shows you who changed what and when

The document title bar shows versioning is on
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