The wedding industry is transforming. Today’s couples are looking for vendors who don’t just deliver stunning experiences. They want streamlined communication, tech-enabled planning tools, and automation. As a result, wedding pros are keeping pace with modern small businesses by replacing outdated systems with digital tools that improve everything from contracts, to booking, to payments. And it shows:
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45% of businesses use templates to send contracts or invoices.
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On average, invoices are sent in just 1.78 minutes and contracts in 2.65 minutes.
Rock Paper Coin recently released its Industry Report, which shows how weddings & events continue to drive significant economic impact and attract the attention of companies like Airbnb and Stripe.
A few standout stats from the report:
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84% of invoices paid before the due date
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64% of contracts signed within 24 hours
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Countersigning rates more than doubled this year
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Vendors passing payment fees tripled
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RPC’s payment disputes: 10x lower than the industry average
This report combines real-time customer data and insights from community partners to help vendors like you stay ahead of the curve to meet modern couples’ expectations with ease and in turn, run more profitable businesses.
This is real-time behavior from thousands of event businesses today.
Full report here.
