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The Coe meets offer letter feature streamlines the process of closing job offers with candidates. It allows users to create customizable offer letter templates based on existing company documents, set up internal approval workflows, and assign approval responsibilities. Users can configure the offer within the hiring workflow for specific positions, generate the offer for a candidate, and share it internally for required approvals. Finally, the finalized offer is sent to the candidate for signing. The video tutorial provides instructions on how to create offer letter templates using existing documents. Steps include accessing settings through the company name and navigating to the offer templates section.