Sales Workflow Overhaul: How Midly Reduces Turnaround Times and Closes Deals Faster
In today’s fast-paced business environment, sales teams are under pressure to close deals faster and more efficiently. Delays in the contract process often lead to missed opportunities, long negotiation cycles, and even lost revenue. This is where Midly offers a game-changing solution, helping sales teams overhaul their workflow and significantly reduce turnaround times.
Why Traditional Contracting Slows Sales Down
The contract negotiation process can be notoriously slow, especially when using traditional methods. On average, research shows that it takes about 3.4 weeks to finalize a sales contract, with 80% of deals being held up in this phase. Sales teams frequently encounter delays because they’re reliant on back-and-forth communications between departments, approvals, and legal reviews. All this bureaucracy takes precious time, and during the delay, competitors can swoop in or the client’s interest can wane.
How Midly Speeds Things Up
Midly is designed to streamline the entire contract process by empowering sales teams with real-time insights and practical tools. With Midly, salespeople no longer feel like they’re just pushing documents around and waiting for approvals. Instead, they can engage with the contract at each step, making adjustments based on data-driven insights and immediately sending those changes for approval without waiting on multiple back-and-forth communications.
Midly reduces contract turnaround times in three key ways:
Automated Workflows: Midly uses intelligent automation to streamline workflows, cutting down on manual tasks and reducing the risk of human error. This results in fewer delays and faster movement through the contract pipeline.
Self-Managed Contracts: Sales teams can manage contract revisions on their own, without needing constant input from legal or other departments. This means fewer bottlenecks and faster decision-making.
Real-Time Insights: By providing real-time insights into where a contract stands and what’s needed to finalize it, Midly eliminates guesswork. Sales teams can proactively address potential issues before they become major roadblocks.
Proven Results: Faster Deal Closures
According to data from the sales industry, businesses that adopt contract automation tools like Midly see significant improvements in their sales cycle times. Studies show that using automated contract tools can reduce negotiation time by 25-50%, resulting in deals being closed 20-30% faster on average. This reduction in time translates into more revenue, as sales teams can move on to the next opportunity more quickly.
By streamlining the contract process and giving sales teams the tools they need to succeed, Midly empowers them to close more deals in less time. The days of lengthy negotiations and unnecessary delays are over—Midly enables your team to be more agile, efficient, and successful.
