Business documents: Benchmark report
Simplify Document Creation
Create documents in less time and with better brand control. PandaDoc streamlines the process with simple templates. The result is a faster, smoother, and more reliable document creation process.
Let’s take a look at how fast PandaDoc customers in the accounting industry create their business documents.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Business documents • Document creation
Create documents ready to be sent in minutes
Draft audit forms, tax returns, and other financial documents in minutes using our intuitive software. By drafting documents from templates, syncing data from a CRM, and tapping into your personalized PandaDoc content library, you’ll save so much time.
The times below represent the median number of minutes it takes to create and then send a typical document.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Business documents • Document creation
Use templates to simplify
Generate documents using a template instead of drafting from scratch. Work with
ready-made templates from PandaDoc’s library or customize your own with your approved branding and design.
These metrics represent the % of PandaDoc documents that were generated using a template, instead of drafting it from scratch.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Business documents • Document creation
Integrate CRM data seamlessly
PandaDoc integrates with several CRM systems, including Salesforce, HubSpot, and Pipedrive. Pulling clients' information, such as contact details, receivables, and other financial details, from a CRM you’re already using to populate PandaDoc documents is simple.
These metrics represent the % of PandaDoc documents that were created by using a CRM or automatically syncing CRM data (like contact details, product details, etc.).
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Business documents: Benchmark report
Send documents easily
Never lose track of a document again. Use digital tracking technology to see document opens, views, comments, and more. Move documents fluidly from stage to stage. Streamline business processes with efficient document management.
Let’s take a look at how PandaDoc customers in the Accounting industry are sending and tracking their documents at each stage.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Sending documents
Send to close time
These times represent the number of minutes between when a PandaDoc document was sent and when it was completed by a recipient.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Sending documents
View to close time
These times represent the number of minutes between when a recipient viewed a PandaDoc document and when it was electronically signed. In other words, this metric shows how much time the recipient spent making a decision to buy or to reject an offer.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Sending documents
Average deal value
The average deal value amount of a PandaDoc document is the grand total value in dollars, including the total sum in the document pricing tables as well as the amount of a payment block. This metric will help you benchmark your sales deals with those typically closed by PandaDoc customers within your company size.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Business documents: Benchmark report
Closing documents
Completing your document with client approval and an electronic signature is the most important stage of the document workflow. Tracking documents with PandaDoc keeps expiration and rejection rates low while consistently improving close rates. If you’re already measuring these rates, you can easily benchmark your effectiveness by comparing them against those of other PandaDoc users.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Closing documents
Close rate
These metrics represent the % of PandaDoc documents that were completed, signed, and paid (or signed and waiting for payments) by all recipients on all sent documents. If your organization already tracks a close rate, then take a look to see how PandaDoc customers compare.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Closing documents
Expired documents
These metrics represent the % of PandaDoc documents that expired before closed (win or lose). By default all PandaDoc documents have an expiration. This function allows users to closely monitor the lifetime of a document.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Benchmark report • Closing documents
Rejection rate
These metrics show the % of PandaDoc documents rejected by recipients for any reason. With PandaDoc, you are notified with customer feedback inside the document so you can quickly make changes together.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Key takeaways
| Creating documents | Industry standard* | Top benchmark* |
|---|
| Create to send time | mins | mins |
| Template use rate | % | % |
| CRM integration use rate | % | % |
| Sending documents | | |
|---|
| Send to close time | mins | mins |
| View to close time | mins | mins |
| Average deal value | | |
| Closing documents | | |
|---|
| Close rate | % | % |
| Expired documents | % | % |
| Rejection rate | % | % |
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Breaking down this report
About PandaDoc: Over 27,000 PandaDoc customers use our software to streamline the process of creating, approving, and eSigning proposals, quotes, and contracts. Many businesses and their teams benefit from our document creation and workflow capabilities.
Our all-in-one software saves time by providing our customers with increased workflow speed and valuable insights. As a result, our customers provide their customers with a timely, engaging, and professional buying experience. Visit www.pandadoc.com today for more information.
Industry-standard* represents typical PandaDoc customers. The % of PandaDoc customers involved in the calculation varies from 50% depending on the industry, company size, and average deal value.
Top benchmark* represents the best performing PandaDoc customers in the top 10% of 27,000+ of every industry and company size. This metric shows the best usage of PandaDoc's software.
*All metrics in this report represent the statistics of the documents sent by all PandaDoc's paying customers regardless of which pricing plan they use. If a customer sent out documents without eSignature fields or created a form with a signing field but didn't send it, the calculation excluded those documents.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
You have a decision to make
You're standing at the crossroads. To the left is the same rocky road you've been traveling of composing and sending documents the old-fashioned way. To the right is a much smoother path — a path where you harness the power of our all-in-one document automation system.
How you manage the process of creating, sending, and closing documents says a lot about your company. We hope you'll choose the more innovative path and join the growing number of forward-thinking businesses that use PandaDoc. Our customers save time and money by investing in these efficient, proven workflows.
But don't take our word for it.
Try our advanced capabilities today without risk by requesting a free product demonstration. Click here to see how PandaDoc can take your sales game to the next level.
We can't wait to hear how our all-in-one document automation system revolutionizes your document creation process!
Have questions or comments? Contact PandaDoc at marketing@pandadoc.com.
PandaDoc, Inc. 101 California St. STE 3975, San Francisco, CA 94111
Learn more about PandaDoc
PandaDoc is deal acceleration software that allows you to build, track, and eSign your docs all in one place. Automate your document workflow, discover what deals close faster with built-in analytics, and execute legally-binding eSignatures in minutes.
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