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In this tutorial by Randy from Excel for Freelancers, viewers will learn to create a fully automated payment reminder system in Excel. The training covers features such as unlimited reminders, automated and customizable email alerts, penalties, and dynamic variables for personalized communication. Randy emphasizes that the training will be done from scratch, demonstrating every function and formula involved. Even though this training builds on concepts from previous weeks, it is designed to be accessible to those who are new to the material.