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In this tutorial, Salesforce Lori demonstrates a helpful feature for adding companies to a job application tracker. When entering a new company name, if it has a website, suggestions automatically appear. For example, typing "IBM" reveals options including its official site and related names. Selecting a company auto-populates pertinent information such as the website, phone number, and address, streamlining the process of tracking potential employers. This functionality enhances the ease of maintaining a list of companies to target for applications or general interest, improving organization and efficiency in managing job search efforts.