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How well does iSEEit help sales teams solve their top 3 problems? We surveyed our customers to find out…

Before we built the iSEEit Opportunity Manager we talked to numerous sales leaders at leading organizations worldwide.

As a result, we identified three major problems that most teams are facing:

  • A lack of forecast accuracy
  • A low sales process adoption rate
  • Too much time spent on forecasting and reporting

That’s why we created iSEEit – to help sales teams solve these problems and better qualify and drive opportunities.

Recently, we surveyed our customer base of sales reps, sales managers, and sales operations to see how well we were doing.

The results surprised even us…

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The Problem with the Weighted Pipeline (or how to improve your sales forecast accuracy in Salesforce)

Ever since I was promoted to sales management in the late ‘90s, I’ve been confronted with the measurement of weighted pipeline and forecast methodologies.

In case you’ve never worked with a weighted pipeline, here’s a quick summary:

Each sales stage is given a certain probability to close – so stage 3 in a 6-Stage sales process would be assigned a 50% probability to close, stage 4 a 67% chance, and so on.

Then you multiply the value of each opportunity with the percentage, and sum up the weighted values to get your weighted forecast:

weighted pipeline forecast example

This should give you an indication where you will end up in the month, quarter or year.

But there’s a big problem with the weighted forecast. Watch this short video to see what we mean:

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Cut Your Time Spent on Forecasting in Half

Cut Your Time Spent on Forecasting in Half One of the most painful and time intensive tasks as a sales leader is driving an accurate forecast. Leaders spend up to 40% of their time collecting and qualifying the forecast. Lengthy labour intensive Friday forecast calls, reps complaining about wasted time,  frustration on poor deal qualification […]

CRM Hidden Costs

The Hidden Cost of CRM (or What Happens When You Manage Your Sales Process on Word Docs and Spreadsheets)

CRM Hidden Costs

Here’s how we discovered that the CRM we were using at a large software company was costing us over $400,000 a year in lost time.

Back in 2010, I had one of the worst experiences of my entire sales career:

It was 4 o’clock in the morning, and we were still working on the top floor of our company’s office building.

It was the end of Q3, and we should have been out celebrating. Instead we were stuck in the office, working ourselves to death as we pored over spreadsheet after spreadsheet.

I looked around the room:

15 Regional VPs of Sales (including myself), the VP of Finance, and the Sales Operations Manager from our company at all had the same worn-out look on their faces.

We were completely beat. And we still hadn’t finished consolidating the data we needed for the next day’s forecast session.

It was a nightmare. And it was far from over.

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