Deal Management Boosts Conversions and Increases Conversions

Deal management is the process of evaluating, analyzing, and prioritizing deals regardless of where they are in your sales pipeline. It’s the process of communicating with your team members and working throughout the sales process in order to increase the quality and effectiveness of your deals.

The first step in creating the deal management process is to make a document that defines your sales plan, as well as the stages in each deal must go. This will help your team get an accurate view of the pipeline and automate tedious, time-consuming tasks that hinder productivity.

Next, make sure that each deal is in a central place where you can monitor and review them. Freshworks automates the process by creating an information feed that contains all the details associated with an opportunity. You can add tasks, mark time spent on the deal, add @mention people and more from this view to get your team on the same level.

Establish mutual action plans with your clients and prospects after establishing clear expectations for each step. This will ensure that both parties are on the exact same page with regards to what needs to happen when, how and how to do it. This results in more efficient and efficient workflows, which improves the odds of successfully closing each deal.

When a prospect is in the final stages of making a decision one of your clients, the last thing you want is for them to lose interest or get distracted by something other. Even your least experienced agents will be able to lead by using a the well-organized, centralized handoff system.