What is the average time between building a quote to raising an invoice?

Knowing the average time from creating a quote to closing a deal is important for planning, managing cash flow, evaluating performance, enhancing customer satisfaction, and refining sales strategies. It helps with financial forecasting, identifying bottlenecks, optimizing processes, and making informed business decisions.

Quote to Invoice Time

All data provided and analysed anonymously. Accuracy was increased by filtering anomalies and using data from a wide-cross section of companies. Prices are in GBP and then converted into the equivalent currency.

Spending too much time quoting & not closing?

To increase your sales conversion ratios, target the right audience, improve lead quality, enhance communication and follow-up, streamline the sales process, highlight unique value propositions, provide social proof, offer incentives, deliver exceptional customer service, and continuously analyze and optimize your strategies.

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Luckily, Marquee Tech has a number of features to help you out. Here are a few.

Use these features to help increase your sales conversion ratio

CRM features for rental businesses

The CRM features on Marquee Tech have been specifically designed for rental businesses helping you give a better customer service, increase sales conversion rates, and free-up more time.

By using one tool you can store all customer and event info and easily manage your leads through the entire booking journey.

Send invoices with one click, get paid in seconds

Enjoy seamless invoicing with our platform. Customers can easily request to book from a quote and digitally sign the terms and conditions. Creating and sending invoices is a breeze, taking just seconds. We also offer a streamlined process for long-term hires.

Choose the payment method that works best for your business - card, cash, cheque, or bank transfer. Our system automatically generates and sends receipts, reserves inventory, updates your calendar, and more. Simplify your accounting by integrating with your existing accounting system.

No more worries about late payments. Our system keeps track of overdue invoices and can even send friendly payment reminders to customers via email.

Revenue & profit reports

The automated revenue and profit reports will help you identify the types and sizes of events that are most profitable. With this data, you can quickly filter through the low-value enquiries and focus your efforts on the profitable leads.

Interactive live quotes

With digital interactive quotes, you can effortlessly update hire items while on the phone or on-site with customers. This capability allows you to provide an incredibly personalised service by adjusting the quote in real-time based on their budget, theme, and specific needs.

The ability to sell in real-time not only speeds up the sales cycle but also greatly enhances the customer experience. Gain a competitive edge by avoiding the lengthy delays of hours or days to make updates; instead, make changes with customers and witness first-hand how quickly you win new bookings.

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