Top Sales Forecasting Software To Increase Your Profitability

Sales forecasting software makes predicting future sales growth much easier. Generally, businesses use these software to gauge possible sales figures for the upcoming financial year. A quality sales forecasting software takes sales trends, economic trends and financial reports into account. Plus, they can analyze competition development or other external risk factors. From these details, the management team can get a fair idea about the current business model and attainable sales figures. Currently, there are countless such software to forecast sales. To help you select the best, this post lists the top-rated sales forecasting software available.

InsightSquared

InsightSquared allows you a clear picture of future performance so that you can finally make sales projections a bit more predictable before you ever have a sales proposal template in place. The software takes care of all the complex calculations and modeling associated with sales forecasting. InsightSquared also allows you to experience their software with a free trial. This is an excellent way to try something new out without worrying about its impact on your bottom line. In addition, InsightSquared also uses multiple sales forecasting models, including forecast summary, predictive forecast, historical trend forecast and manual forecast. If you need a sales forecasting software that makes use of multiple forecasting models, InsightSquared is a great option.

SalesForce

Regarded highly by all high-end sales organizations, SalesForce can conduct real time forecasting for your entire sales team. Business owners can adjust forecasted amounts for each representative as per their performance. Its easily navigable interface shows sales opportunities and quota attainment in a single forecast screen. Additionally, forecasts can be done based on revenues, product families or opportunity splits. Above all, tailored solutions to fit any business or day trading academy makes SalesForce a great choice.

Vanguard Sales Forecasting

The Vanguard Sales Forecasting software focuses on predicting product and service demand. Enhancing overall business sales management, each forecast report it creates includes business cycle, seasonality, trend, promotion and competitor action. In addition, its user friendly web interface and ERP integration offers real time insights. Certainly, Vanguard’s world-class analytics can improve production scheduling to deliver on increased sales.

Zoho CRM

The Zoho CRM software helps accurately estimate revenue generation for each fiscal year, so you will never have to worry about accurate invoice factoring again. By merging forecasting and opportunities modules, it offers details like sales targets, achieved targets, closed amounts or pipeline amounts. Furthermore, you can create customizable dashboards to monitor sales progress. These dashboards easily identify sales personnel who succeeded in reaching targets using this software. All in all, Zoho CRM’s simple forecast structure focuses sales efforts in the right direction.

ForecastPro

Another best forecasting software to use with your POS system software, ForecastPro offers credible forecasts cost effectively. After installing it, businesses can pick an appropriate forecasting method model to improve its accuracy level. Additional methods can be employed for new products, promoted items and one time events. What’s more, its convenient grid allows forecast adjustments as required. On the whole, advanced features like one click, direct to Excel reporting and flexible formats help ForecastPro stand out among its competition.

GMDH Shell

GMDH Shell forecasts sales using historical data for businesses across various industries, even acting as a salon software solution. While using the software, business owners can customize forecasting parameters according to their needs. Its multivariate forecasting algorithms delivers more precision while analyzing hundreds of products within minutes. Most importantly, GMDH Shell saves businesses from excess inventory and stock outs.

DataHug

DataHug is not just a cute name, it is the name of a fairly new sales optimization solution that promises to help your sales team increase sales velocity by automatically analyzing email, calendar and CRM saled activity. Lyft, the alternative taxi company, uses DataHug for 95% accuracy ratings which should indicate to you the quality of their services, since Lyft has reached big time success rather rapidly. Consider DataHug sales forecasting software if you want to try the newest sales optimization solution.

A good sales forecasting software is vital for proper sales planning and management. To choose the right one for your value added reseller business, compare various factors including user interface, functionality, costs and customized needs. Certainly, these software are a great place to get started. Many businesses like yours have seen an increase in profitability by implementing the right software for sales forecasts.

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