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The Coe Meets offer letter feature streamlines the process of making official offers to candidates. It allows users to create customizable offer letter templates based on existing documents, set internal approval workflows, and assign responsibilities for approvals. Users can configure the offer within the hiring workflow for a specific position, generate the offer for a candidate, and share it internally for necessary approvals. Finally, the finalized offer can be sent to the candidate for signing. The tutorial covers how to create offer letter templates using existing agreements, starting with accessing settings and navigating to offer templates.