Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

Pipeline Management Best Practices

9.411 Aufrufe

Veröffentlicht am

The number of forecasted deals that are won are at an all time low. See how pipeline management informed by analytics can improve your bottom line revenue. Knowing what's changed is critical to making your number.

Veröffentlicht in: Business
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Antworten 
    Sind Sie sicher, dass Sie …  Ja  Nein
    Ihre Nachricht erscheint hier

Pipeline Management Best Practices

  1. 1. Proven Sales Pipeline Management and Forecasting Best Practices for Sales Managers Tracey Kaufman Cloud9 Analytics Sr. Director of Customer Experience August 2010 Cloud9  2010 1
  2. 2. What We’ll Cover • How pipeline management informed by Analytics can improve your bottom line revenue • Why knowing "what's changed" in your sales pipeline is critical to making your number • A step-by-step process for running successful weekly sales meetings informed by Analytics • How to become an expert at 1:1 coaching using sales pipeline data Cloud9  2010 2
  3. 3. The PROBLEM Only 51.5% of Reps Only 78.5% of Plan Only 23% of Firms have a Are Making Quota Attainment is Accomplished Dynamic Sales Mgmt. Process 29.9% 31.3% 27.2% No Decision Lost Selling w/ Reps 21.6% Coaching Reps 14.7% Pipe / Forecast MGMT 44.8% 20.3% Internal Meeting & Won 15.8% Management Tasks Other (Train / Travel) Only 44.8% of Forecasted 50% of Time Spent on Deals Are Won Revenue GEN Cloud9  2010 Source: CSO Insights: May 2010
  4. 4. Which MEANS You’re missing out on REVENUE & CRM isn’t ENOUGH Supports business NOT management processes 4.0% 20.1% Other Use Sales Analytics 30.4% Use Spreadsheets 45.5% Use Core CRM System 45% use CRM to Manage Sales Forecasts Cloud9  2010
  5. 5. The GOAL INCREASE Bottom Line Revenue & Predictability Improve Pipeline Velocity: (# of deals) x (win conversion rate) x (avg. deal size) Average selling time in days Cloud9  2010
  6. 6. Example of VELOCITY Let’s Calculate Monthly % CHANGE in Velocity Or Variance–Pipeline Acceleration / Deceleration 6 Cloud9  2010
  7. 7. The SOLUTION BETTER Pipeline Management Detect & Correct vs Measure & Punish Activity x Proficiency = Sales Cloud9  2010
  8. 8. Use ANALYTICS to: Be PROACTIVE • Determine which forecasted deals have changed and how • Determine which forecasted deals are slipping and why • Determine which reps need extra coaching/mentoring • Coach reps on how to prioritize which accounts to pursue • Assist reps in qualifying out low quality opportunities early 8 Cloud9  2010
  9. 9. Pipeline Management Best Practices 1 Implement a DYNAMIC Pipeline Mgmt. Process 3 Leverage Pipeline ANALYTICS 2 Escalate CRM Visibility ADOPTION for Cloud9  2010
  10. 10. Running a Weekly Meeting Ask YOURSELF: • Where are we now–are we on track? • Where are we going–do we have sufficient coverage to make our number? • What’s changed–how does our progress compare to other periods (in the past)? Cloud9  2010
  11. 11. Performance and Coverage Compare current performance against quota and forecast Drill into details Cloud9  2010
  12. 12. What’s Changed Review pipeline changes (won, lost, adjusted), uncover exceptions, identify risks and develop next steps Cloud9  2010
  13. 13. Weekly Meeting Example Do Q/Q comparison, identify risk areas & make course corrections to refocus resources Cloud9  2010
  14. 14. 1:1 Coaching Example Look at last quarter’s results: • Are your reps entering a high % of deals late in the quarter or doing post quarter cleanup? • What % of their committed deals were won, lost and deferred, adjusted? For the current quarter: • Is there a high percentage of expired deals? • Are there a lot of stale deals that haven’t been managed? Should they be closed? • Are Activities being updated regularly? Cloud9  2010
  15. 15. Results You Can Expect VELOCITY & REVENUE Improvements Potential of 10% increase in “Adaptable companies with a revenue via improved sales dynamic sales process reported pipeline/funnel management 30% higher forecasted deal 2007 McKinsey study conversion rates than average” 2010 CSO Insights Report Cloud9  2010
  16. 16. C9 Customer Success Stories Increased forecasted deal closure by 5% resulting in $400K per quarter Returned 80 hours per quarter in selling time back to Sales Management Forecast accuracy improved by 50% resulting in better resource allocation 16 Cloud9  2010
  17. 17. 3 Things You Can Do Today 1 Measure conversion rate, Average deal size & Sale cycle days your business # Deals, Win the key pipeline velocity drivers for 2 Review pipeline regularly, Management Process to improve velocity drivers Adjust your Sales Proactively identify risks & Drive desired behaviors 3 Use Analytics toagainst goals and forecast,meetings andchanges, Do comparisons Review performance inform your weekly Review pipeline 1:1 coaching sessions Cloud9  2010
  18. 18. Cloud9 Pipeline Accelerator Cloud9  2010 18
  19. 19. Thank  You Cloud9  2010 19

×