In the Utilities tab of all our spatial products, under Point Operations, you are able to generate a bounding polygon around a cluster of points and optionally buffer by a certain distance, allowing you to easily demarcate an area or territory.

First select your points in the scene:

Then click on the tool, which will bring up a dialogue box. Here you can set the Buffer amount, which I put at 1KM(1000 meters). You can also set the Buffer precision and max distance between points in polygon, I will leave these at the default:

Make sure you have a layer that is set as active before clicking Create Polygon:

Then click Create Polygon and your polygon is generated: