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The video tutorial explains how to use Coe's offer letter feature to effectively close job offers with candidates. You can create offer letter templates based on existing documents, set up internal approval processes, and assign responsibilities. The hiring workflow for specific positions can be configured, allowing you to generate offers for candidates, share them internally for required approvals, and ultimately send the finalized offer for signing. The tutorial provides a step-by-step guide, starting with accessing company settings (restricted to admins) and navigating to the offer templates section. The video aims to help viewers create tailored offer letters easily.