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In this video, Jason Green, a program manager for Finance and Operations, introduces the new custom fields feature available in Platform update 13. While the system offers a wide range of tables and fields for various business processes, organizations may need to track additional information not included by default. Custom fields can address this requirement. Jason demonstrates adding a "Tracking number" field to sales orders, starting with the personalization capability. By right-clicking the sales order header and selecting "Personalize," users can add existing fields, which are displayed in a dialog for selection. This functionality enhances the system's adaptability to specific organizational needs.