Increase Forecast Accuracy With This Easy Tool

Increase Forecast Accuracy With This Easy Tool

Fullscope's Forecast Accuracy for Microsoft Dynamics 365 (formerly CRM) takes the guess work out of how accurate your sales team is when providing pipeline reports. The solution provides a trend of how accurate your sales team has been at forecasting their opportunities. The tool is based on the current pipeline, or even an individual deal that a sales representative is forecasting.Forecast Accuracy answers three key questions:

  1. How likely is your sales professional to win the deal?
  2. How likely are they to win it in the time frame they are forecasting?
  3. How likely are they to win for the amount they are forecasting?

Read: Sales Forecast Accuracy Best Practices

Real-life Example:

Problem: Forecast accuracy ratings are based on gut feelings from salespeople

Solution: Base your accuracy on actual data and history with Fullscope Forecast Accuracy. When a sales professional has rated a deal as, for example, best case, most likely, or commit, what were the actual win rates? If they say 80% chance of close, historically has that meant 65%? Adjust and retrain based on actual numbers.

With the right tools, you can focus and act on the right priorities within pipeline and forecasting, and act with confidence. You can derive meaningful intelligence from large amounts of complex data to engage your customers in more personalized, effective ways through customer intelligence. Download this Address Sales Pipeline and Forecast Accuracy Challenges with 3 Easy Tools eBook to know more.

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CRM, Opportunity Management, Pipeline challenges, sales forecasting, forecast accuracy, Microsoft Dynamics 365, Sales Management