Mapping a complex deal with multiple decision-makers and a long cycle — metrics, the economic buyer, decision criteria and process, the identified pain, an internal champion.
Qualifying and steering complex sales opportunities that involve multiple decision-makers, a long cycle and high stakes. MEDDIC is the qualification method used by enterprise sales teams at major tech companies.
What sets MEDDIC apart from BANT. MEDDIC is built for organisations where the decision involves several stakeholders with different agendas. BANT qualifies the opportunity; MEDDIC maps the decision-making structure.
Metrics: the client has measured a 45% degradation in time-to-market over 18 months. The engagement targets a 30% improvement on the current level. Estimated 3-year ROI: €3.5M in velocity gains.
Economic Buyer: IT holds the operational budget, but the CFO has to approve any investment above €500K. Access to the CFO hasn't been secured yet.
Decision Criteria: the client's 3 criteria are sector experience (industry), a skills-transfer plan, and transparent pricing.
Decision Process: a tender with 3 partners. Final presentation to the executive committee on March 15. Decision expected March 30.
Identify Pain: critical problem — the client is losing sales contracts because their development can't keep pace with market demand.
Champion: the sponsor is the deputy CIO, who put forward the provider's name. However, they don't have access to the CFO — a second champion needs to be built at the finance level.
MEDDIC = a complete map of a complex deal. Metrics + Economic Buyer + Decision criteria + Decision process + Identify pain + Champion. A deal with no active Champion and no access to the Economic Buyer is a deal at risk.
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