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Posts Tagged ‘forecasting’

Organizations are under pressure to provide accurate sales forecasts of top-line revenue to predict the long-term health of the company. Companies are turning to sales analytics solutions that provide an enterprise-wide data flow into the forecasting process creating a snapshot of future revenue and empowering efficient, margin-driven sales activity.

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Sales Forecasting: Analytics to the Rescue!

This White Paper describes several methods of forecasting and makes the case that using simulation has some significant advantages over traditional forecasting methods:
  • Very robust and flexible – can generate accurate forecasts for a wide range of pipeline scenarios
  • Eliminates manual forecast judgment – no need to commit to any specific opportunities
  • Timely – can be updated on demand, since manual judgment isn’t necessary
  • Flexible – supports different opportunity types, with different pipeline durations and probabilities
  • Handles uncertainty – supports deal duration and pricing variability
  • Greatly enhanced visibility – provides early warning of lagging opportunities and pipeline deficiencies
  • Confidence – let’s you decide the level of risk that’s comfortable for your organization

If your company employs a stage-based sales pipeline, has multiple types of opportunities, and has a sales cycle longer than a few weeks, then you will be interested in understanding the differences of the forecasting approaches explored in this white paper.

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Read this article:
Sales Forecasting: It’s a Risky Business