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Why Your Business Needs Sales Analysis Software

Aug 9, 2008
No matter what your business, sales analysis is an essential part of your success. Sales are the driving force behind each and every industry, and having a clear picture of where your sales come from, and where they dont is the first step to improving both internal and external operations.

For most companies, sales and customer data is scattered across disparate transactional systems, and the prospect of building a data warehouse to bring it all together for analysis is daunting. As a result, sales operations managers may waste hours a day pulling data into complex spreadsheets in the hopes of managing the sales pipeline and measuring and evaluating sales performance.

In practice, analysts try to estimate costs and benefits either by using survey methods or by drawing inferences from market behavior. For example, a product manager may compare manufacturing and marketing expenses to projected sales for a proposed product, and only decide to produce it if he expects the revenues to eventually recoup the costs. This involves the active search for viable leads, the filtering of information, tracking the progress of leads from inception to final result and finally it involves the management and analysis of the leads that were generated. A sales analysis software package can accomplish all of the above tasks, and save you, your employees, and your business a significant amount of time and effort.

Sales analysis software does automatically what analysts spend hours trying to predict, trends, patterns, and future goals. Sales forecasting and pipeline management can make or break a sales force, and a company, and a program that generates reports focusing on projected amount of sale, probability of close, and weighted amount of transactions can help to provide a clear and accurate picture. Most companies that sell this type of software also offer customer support, and many have demo versions of their software so that you can try it before you buy it.

When you are searching for the best software products, be sure to evaluate the needs of your sales force and company as a whole, and take some time to research the different programs and the features of each one before you choose. The right sales analysis software can be one the best things for your company, but software that fails to meet the goals of your organization will not make a significant difference. One size does not fit all when it comes to the best products for your business, so make sure that you choose correctly.
About the Author
Cloud9 Analytics delivers easy-to-use business intelligence applications directly to sales, marketing, and support organizations as a service over the Internet. For more information visit sales analysis
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