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The Coe meets offer letter feature streamlines the process of making job offers to candidates. It allows users to create offer letter templates based on existing company documents, set up internal approval workflows, and assign responsibilities for approvals. The process includes configuring the offer within the hiring workflow, generating the offer for a candidate, obtaining necessary internal approvals, and finally sending the completed offer for the candidate's signature. The tutorial details the steps to create these templates, beginning with accessing company settings by clicking the company name and navigating to the offer templates section.