The Store/Manage app allows users to upload audio files to a central place and keep track of these files through tagging. Once the WAV audio file is uploaded, the app will transcode that file to other formats.
FLAC (.flac) -- mainly used for storing a high fidelity version of the file without using up a lot of storage space.
MP3 (.mp3) -- a widely sharable format
HE-AAC (.m4a) -- optimized for low bandwidth use (streaming)
This is end-user documentation intended for producers, reporters, and digital editors whose responsibilities include uploading audio.