Proper way to exclude applications or folders from ATP protection

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Occasional Visitor

We have started to see issues creep up with MsSense.exe reading network files while one of our applications is trying to open the files off a network location.  In the past this hasn't caused issues but now we are starting to get file conflicts with both ATP and our application trying to access the file at the same time. 

 

I know you can add exclusions to Windows Defender but as far as I can tell those do not apply to ATP.  The closest thing I have found for trying to exclude MsSense.exe from scanning specific folders or files is automation folder exclusions which according to the Microsoft docs this it can be used to exclude folders from the automated investigation.  Not sure if Automated investigation is what is being run by MsSense.exe.

 

Can someone point me to documentation of how to exclude a folder or file(s) from being scanned/monitored by ATP?