Tag Archives: sales forecasting

Spotlight of the Week: Including Your Targets

Friday, January 29th, 2010

Sales teams always like to see “the score.”

In other words, how I am doing against my objectives or targets. This is why many of our Right90 customers load “target” data in Right90, so they can more easily keep track of their forecast compared to objectives for the year. Targets can be loaded at whatever level of detail is available and whatever makes the most sense for your organization.

For example, you can load the data by person, by product or by region. However, if your targets are only available by product, Right90 is flexible enough to allow you to omit the rest of the information and load only the targets by product.

Once you load your targets, you can compare them to your forecast based on the lowest common denominator between the two sets of data. Comparisons between the forecast and targets can be viewed in the following three helpful ways:

  • On the Right90 forecast screen as a reference point when you’re entering your forecast
  • Entering Data in Your Sales Forecast

    An interactive user interface allows you to capture data to address your targets.

  • Within the Right90 Change Analytics™ screen to get a graphical view of how the forecast is changing over time against the targets
  • View Sales Forecast Changes Over Time

    Right90 Changes Analytics displays a stock chart inspired view of your forecast changes.

  • Finally, on the Right90 Analyze tab for a high level snapshot comparisons where you can readily view details like the percent difference between the two data sets.
  • Detailed Drill Down in Sales Forecast Targets

    Compare your data sets for a detailed view of your sales forecast.

Including targets in Right90 is simple and it adds valuable insight for all your Right90 forecasters!

Right90 Puts the Trust in Your Sales Forecast

Friday, January 15th, 2010

As I wrote about in a previous post, there are parts of the forecast you can trust and there are parts that require your energy and scrutiny. It’s virtually impossible to get everyone to trust the entire forecast, but you can get your company to trust parts of your forecast. How can you segment your forecast, so that you can spend your energy on the right parts?

Wouldn’t it be nice if you had a simple pie chart telling you where to focus?

pie chartImagine that you had a simple pie chart that told you which parts of your forecast were trustworthy, which ones were medium risk, and which ones were completely untrustworthy? You would count on the green ones, focus your energy on the yellow ones and put the red ones in upside.

Today, we’re announcing Right90 Trust Analytics™, which provides exactly this capability. You can watch our Right90 Trust Analytics demo here as well.

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20 Million Reasons to Establish Trust in Your Forecast

Tuesday, January 12th, 2010

Photo from Flickr user powerbooktranceAsk some people in your company: “On a scale of 1–10, how much do you trust the sales forecast?”

I bet your typical answer is somewhere between 1–3. If so little trust in the sales forecast exists, why spend so much time and effort compiling it? If the operations and finance teams are going to come up with their own forecast anyway, what good is the sales forecast? And why is it important for sales, operations and finance to be aligned?

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Real-Life Examples of Bookings and Revenue Forecasts

Monday, December 21st, 2009

In two previous posts, I discussed the need for a bookings and a revenue forecast and how to create those two types of forecast. But sometimes the easiest way to learn about something is to hear how others are doing it.

So, here are a few real-life examples of companies driving their business on a bookings forecast and a revenue forecast. (more…)