There are multiple ways to change a Company's Status.

Pipelines

You can change a Company's Status by dragging it across groups within the Kanban View.

Company Profile

Another way to change a Company's Status is by altering it from the dropdown menu in a Company's profile view.

Companies Tab

The third place to alter a Company's Status is the Companies tab. You can change a Status by either using the inline editor dropdown menu, or by selecting multiple Companies on the left and clicking 'Change Status'.

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