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In this video tutorial, Peter from Calm Stream Business Solutions demonstrates the automation aspect of his contract management system. He emphasizes the importance of notifying responsible counsel one week before a contract's renewal or expiry date. Peter showcases a document library that includes metadata such as renewal or expiry dates. He highlights a specific contract that is due for annual review based on today's date, July 19th. To automate the process, he plans to create a flow using a blank template, noting that there are various methods for implementing this automation. The demonstration aims to streamline contract management effectively.