forecast

Build a Better Model to Predict Revenue from the Opportunity Pipeline

The third destination on the list of my VP of Sales survey is creating a better model at predicting revenue from the current opportunity pipeline. Based on my discussions nearly all companies I spoke with are using some type of weighted forecasts to predict the value of future revenue that will be generated from their [...]

Build a Better Model to Predict Revenue from the Opportunity Pipeline2021-02-01T07:49:16-08:30

The 3 Critical Steps to Improving Forecast Accuracy

Improving forecast accuracy was the number one issue identified in my VP of sales survey.  While there are many other aspects of forecasting that are equally as critical, we will focus simply on the accuracy aspect here. Done right, there is no reason that forecast accuracy can’t be  improved by at least 30%.  Let me show you [...]

The 3 Critical Steps to Improving Forecast Accuracy2021-01-25T09:31:51-08:30

Forecasting Done Right: Stop the Forecasting Data Monster so you can Visit Customers.

Forecasting has always been referred to as part art and part science. The art is the human factor. How well does the sales person know the customer? How well can they judge what the customer is telling them and how well can they extract fact from fiction? How well do they separate what they believe [...]

Forecasting Done Right: Stop the Forecasting Data Monster so you can Visit Customers.2021-01-11T19:59:39-08:30

Run Rate Forecasts: Forecast the Way your Business is Run – Can your CRM do that?

Many CRM systems provide forecasting solutions for business that are single event sales of a system or software package, or box. These expertise-based businesses forecast when the event will happen and its value BUT what if that is not your typical sales model?   Generic CRMs have forecasting solutions that perform well at providing an environment for [...]

Run Rate Forecasts: Forecast the Way your Business is Run – Can your CRM do that?2020-01-13T07:43:59-08:30