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In this tutorial, Salesforce Lori demonstrates a useful feature for adding companies in her job application tracker. She illustrates how entering a company name, such as IBM, can prompt automatic suggestions for the company, including its website, phone number, and address. This feature simplifies the process of adding new companies to the tracker, making it easier to compile a list of companies to target for job applications or to keep track of interesting companies, even if there's no immediate intent to apply. Lori emphasizes the convenience this tool provides for managing job search efforts.