Aggregated datа by Education industry
This education benchmark report is based on a rigorous methodology that utilizes data from thousands of PandaDoc customers across a broad range of demographics.
PandaDoc customers save significant amounts of time during the creation and sending stages.
Business and individual users can draft documents from templates, sync data from their customer relationship management app (CRM), add reusable high-quality content from the PandaDoc library, integrate with social media, and more.
In most cases, PandaDoc customers work with ready-made templates from the library. Alternatively, they may opt to use custom-made templates that include personalized branding and design elements.
PandaDoc integrates with several popular CRMs, including Salesforce, HubSpot, Pipedrive, and others. It’s common for PandaDoc customers to pull client information stored in a CRM into business documents.
PandaDoc customers use digital tracking technology to overcome these issues. From a straightforward analytics dashboard, users can see the number of times a document or batch of documents has been viewed, opened, signed in order to improve their close rates.
Let’s take a look at how PandaDoc customers are sending and tracking their documents.
To state it another way, this data is a measure of how long a typical recipient or stakeholder takes when deciding to accept or reject any offer or proposal outlined in a PandaDoc document.
These metrics clearly show the value of a typical deal made by PandaDoc customers in the education industry.
The “close” is the last and most crucial stage of a document workflow. A deal can usually be marked as closed when a recipient electronically signs a document or provides payment, marking the culmination of the decision-making process.
PandaDoc customers track close rates from their analytics dashboards, have access to expiration and rejection rates, drive improvements and measure performance over time.
One of the most common reasons for rejection is unrealistic pricing. PandaDoc customers can opt to receive customer feedback from inside documents, allowing them to make changes to the documents and adjustments to their sales strategies as part of ongoing professional development.
| 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 | % | % |
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.
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.
Disclaimer
Parties other than PandaDoc may provide products, services, recommendations, or views on PandaDoc’s site (“Third Party Materials”). PandaDoc is not responsible for examining or evaluating such Third Party Materials, and does not provide any warranties relating to the Third Party Materials. Links to such Third Party Materials are for your convenience and does not constitute an endorsement of such Third Party Materials.