Do I have to change the category of the records manually?
No, you can drag and drop the records from one column to another. Each record is displayed as a card which can be dragged to the desired category.
For example, a lead that is in the Attempted to Contact category can be moved to Lost Lead if the rep fails to contact them. There is no need to edit the record to change the status. If a record contains a value for estimated deal revenue, it will be adjusted automatically when you move the lead to another category.
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