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A sales team is utilizing Microsoft Dynamics 365 for Sales integrated with SharePoint to manage their documents and collaboration. They need to ensure that all sales proposals are stored in a centralized location that is accessible to all team members while maintaining strict version control. Which approach should they take to effectively manage document storage and collaboration in this scenario?
Utilize SharePoint document libraries with versioning enabled and set permissions to allow team members to edit and view documents as needed.
Store all documents directly in Dynamics 365 without using SharePoint, relying on Dynamics' built-in document management features.
Use SharePoint lists to manage document links instead of storing the documents themselves, limiting the need for version control.
Create a separate SharePoint site for each sales team member to manage their documents individually, avoiding any shared access.

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