surface better insight from your sales pipeline data
TRANSCRIPT
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SURFACE BETTER INSIGHT FROMYOUR SALES PIPELINE DATACapture, Calculate and TrackHard-To-Find Key Leading Indicators
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• Introduction• Leading, Lagging (and Lounging?) Indicators• Leading Indicators – What’s Missing?• The Importance of Data Staging• Case Study• How to Derive and Maintain the Missing Indicators• Marketing Data– Leading Indicators Have Leading Indicators
• Dashboard and Analysis Tips• Senturus Overview• Additional Resources
Agenda
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Introduction: Presenters
Copyright 2016 Senturus, Inc. All Rights Reserved.
Greg HerreraPresident and Co-
FounderSenturus, Inc.
Jim FrazierVP of Client Solutions
Senturus, Inc.
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Presentation Slide Deck on www.senturus.com
RESOURCE LIBRARYAn extensive, free library of past webinars,
demonstrations, whitepapers, presentations,helpful hints and more.
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This slide deck is from the webinar: Surface Better Insight From Your Sales Pipeline Data
To view the FREE video recording of the presentation and download this deck, go to:
http://www.senturus.com/resources/surface-better-insight-from-your-sales-pipeline-data
/
Hear the Recording
Copyright 2016 Senturus, Inc. All Rights Reserved.
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SURFACE BETTER INSIGHT FROMYOUR SALES PIPELINE DATACapture, Calculate and TrackHard-To-Find Key Leading Indicators
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Leading, Lagging and Lounging Indicators
Copyright 2016 Senturus, Inc. All Rights Reserved.
• Lagging Indicators– Measure performance that has already happened– Financial Statements: Revenue, Gross Margin, Profit
• Leading Indicators– Indicate the direction of in-course performance
• Lounging Indicators– “… will be leaving the company to spend more time
with family”
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• Leading indicators in the sales and marketing processes– Those influencing the direction of revenue, gross
profit and organizational hygiene• Session will be most valuable to organizations
having sales teams entering and tracking multi-stage sales cycles in an opportunity pipeline database such as Salesforce.com• Examples will use Tableau for data visualization• Techniques discussed can apply to other pipeline
tracking and visualization systems
Scope of Discussion
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Leading Indicators – What’s Missing?
Indicator
Available straight from CRM system
Available from staging database
Available from Data Warehouse (Data Mart)
Win Rate Y Y YAverage Deal Size Y Y YTime to Close Y Y YPipeline Growth (PG) Missing Y Y PG from New Deals Missing Y Y PG from Existing Deals
Missing Y Y
PG from Stage Change
Missing Y Y
Conversion Rate for Each Stage
Missing Y Y
Interaction Growth Missing Y Y
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4 ways to increase revenue1. Pipeline growth = Increase the number or value of
deals in the pipeline2. Win rate = Improve success rate3. Average deal size = Close bigger deals4. Time to close = Increase the velocity of the deals
moving through the pipeline – i.e., shorten the sales cycle
3 ways to achieve pipeline growth5. New deals = Enter the pipeline6. Value change = Existing pipeline deals change
size7. Stage change= Existing deals change stage
Leading Indicators of Revenue
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Contextual Attributes – What’s Missing?
Attribute
Available Straight from CRM System
Available from Staging Database
Available from Data Warehouse (Data Mart)
New vs Existing Account
Manually Entered Possibly Y
New vs Existing LOB Missing Y YRecency of Interactions
SFDC Activity only
If integrated Y
Frequency of Interactions
SFDC Activity only
If integrated Y
Clusters of Interactions
Missing Y Y
Full Customer Attributes
Missing Missing Y
Full Product Attributes
Missing Missing Y
Product Mix Missing Missing YPredictive Analytics Foundation
Missing Missing YCopyright 2016 Senturus, Inc. All Rights Reserved.
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The conversion rate (probability) for each stage should be calculated from empirical data contained in historical pipeline snapshots and historical wins
• Marketing automation systems (Pardot, Marketo) track interactions with behavior scores
• Integrates to CRM systems, such as Salesforce, that update contact’s records with behavior score -- more interactions lead to more new deals entering the pipeline
Leading Indicators Have Leading Indicators
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Stage ProbabilityEarly 10%Middle 20%Strong 50%Favored 70%Closing 95%Closed - Won 100%Closed - Lost 0%
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Copyright 2016 Senturus, Inc. All Rights Reserved.
Sales Pipelines are Current Snapshots
Opportunity Amt Stage Prob Close Date
Age
Bike Universe $50k Early 20% 2016-12-25
23
The Cracker Box $40k Middle 40% 2017-02-25
35
Racing Bike Outlet $35k Favored 60% 2016-11-01
20
Northwind Traders $65k Verbal 70% 2016-11-25
84
Rugged Bikes $60k Closing 90% 2016-12-31
407
Grand Cycle Store $55k Closed Won
100% 2016-10-13
365
Revolution Cycles $40k Closed Lost
0% 2016-07-08
293
As of now, the pipeline says this:
• In Salesforce and most other CRM systems, sales pipeline tracked in an opportunity table, which maintains only the current values
• Win rate, average deal size and time to close are calculations of closed deals (date and value of the transaction is known)
• The date and value of pipeline growth transactions is not known from this table
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14Senturus, Inc. – Proprietary and Confidential
Contrast: Pipeline Balances Monthly Snapshot
01/01
/12
05/01
/12
09/01
/12
01/01
/13
05/01
/13
09/01
/13
01/01
/14
05/01
/14
09/01
/14
01/01
/15
05/01
/15
09/01
/15
01/01
/16
05/01
/16
09/01
/160
1,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,000
Suspect Qualification EarlyMiddle Strong Closing
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Contrast: Pipeline Growth from Same Pipeline!
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Copyright 2016 Senturus, Inc. All Rights Reserved.
Sales Pipelines are Current Snapshots
Opportunity Amt Stage Prob Close Date
Age
Bike Universe $50k Early 20% 2016-12-25
23
The Cracker Box $40k Middle 40% 2017-02-25
35
Racing Bike Outlet $35k Favored 60% 2016-11-01
20
Northwind Traders $65k Verbal 70% 2016-11-25
84
Rugged Bikes $60k Closing 90% 2016-12-31
407
Grand Cycle Store $55k Closed Won
100% 2016-10-13
365
Revolution Cycles $40k Closed Lost
0% 2016-12-08
293
As of now, the pipeline says this:
• In Salesforce and most other CRM systems, the sales pipeline is tracked in an opportunity table, which maintains only the current values
• Win rate, average deal size and time to close are calculations of closed deals (date and value of transaction is known
• The date and value of pipeline growth transactions is not known from this table
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Copyright 2016 Senturus, Inc. All Rights Reserved.
1-Derive Transactions from Snapshot Differences
As of Opportunity Amt Stage Prob
Close Date
2016-10-12
Bike Universe $20k Early 20% 2016-12-25
Pipeline growth transaction is derived by finding the values that changed from one balance snapshot to the next
Yesterday’s Snapshot:
As of Opportunity Amt Stage Prob
Close Date
2016-10-13
Bike Universe $50k Early 20% 2016-12-25
Today’s Snapshot:
Growth Date Opportunity Growth
Type
Old Val
New Val
Growth Amt
2016-10-13
Bike Universe Value Change
$20k $50k $30k
Derived Pipeline Growth Transaction:
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Copyright 2016 Senturus, Inc. All Rights Reserved.
2-Derive Transactions from SFDC Opp History
Create Date Opportunity Amt Stage Prob
Close Date
2016-10-12 8am
Bike Universe
$20k Early 20% 2016-12-25
2016-10-12 4pm
Bike Universe
$30k Early 20% 2016-12-25
2016-10-13 9am
Bike Universe
$50k Early 20% 2016-12-25
Note: Salesforce opportunity history table captures changes to only six pipeline fields, it doesn’t capture changes to custom fields.
Growth DateOpportunity
Growth Type
Old Val
New Val
Growth Amt
2016-10-12 8am
Bike Universe
New Deal NULL $20k $20k
2016-10-12 4pm
Bike Universe
Value Change
$20k $30k $10k
2016-10-13 9am
Bike Universe
Value Change
$30k $50k $20k
Derived Pipeline Growth Transactions:
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Copyright 2016 Senturus, Inc. All Rights Reserved.
3-Derive Transactions from SFDC Opportunity Field History
Note: Salesforce opportunity field history table can capture changes to any field, including custom fields, but it doesn’t capture the field value for new records
Create Date Opportunity
FieldOld Val
New Val
Growth Amt
2016-10-12 4pm
Bike Universe
Amount $20k $30k $10k
2016-10-13 9am
Bike Universe
Amount $30k $50k $20k
Growth DateOpportunity
Growth Type
Old Val
New Val
Growth Amt
2016-10-12 8am
Bike Universe
New Deal NULL $20k $20k
2016-10-12 4pm
Bike Universe
Value Change
$20k $30k $10k
2016-10-13 9am
Bike Universe
Value Change
$30k $50k $20k
Derived Pipeline Growth Transactions:
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• Marketing automation systems (e.g. Marketo) integrate with CRM Systems (Salesforce) and push Behavior Score balances several times per day• Derivation technique 1 can work with any
combination of marketing and CRM systems to derive Behavior Score transactions• Derivation technique 3 can be configured in
Salesforce– Turn on history tracking on the Behavior Score
field in both the Lead table and the Contact table
Use Similar Techniques for Interaction Trends
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Behavior Clusters as Leading Indicators of Purchase
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To view the FREE video recording of the presentation and download this deck, go to: http://www.senturus.com/resources/surface-better-insight-from-your-sales-pipeline-data
/
The Senturus comprehensive library of recorded webinars, demos, white papers, presentations and case studies is available on our website:
http://www.senturus.com/resources/
Hear the Recording
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Relative Time, Pipeline Seasonality, Rolling Averages
DASHBOARD AND ANALYSIS TIPS
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• Good dashboard practice says to use auto-refresh relative time periods instead of having to specify date ranges
• Leading indicators enable in-course corrections, so frequent (daily) updates are valuable
• Many sales organizations experience quarter-based seasonality in their pipeline growth– Month 1 and month 2 of the quarter: Sales reps focus on
pipeline growth– Month 3 of the quarter: Sales reps focus on closing
• For these organizations, look at pipeline growth across 91-day periods (quarter of a year)– This technique enables daily dashboard updates and
accommodates seasonality
Dashboard and Analysis Tips
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When calculating the average pipeline growth over a time period, you must accommodate the case where not every day in the period has a pipeline growth record. In this example, we’re looking at a seven day period and five of those days have no records.
Considerations when Averaging Pipe Growth (1)
Copyright 2016 Senturus, Inc. All Rights Reserved.
Growth Date
Growth
Amount
10/2/16 $3510/5/16 $35
Daily Avg for period 10/1 to 10/7
$35
Wrong
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Dates with nulls still do not work
Considerations when Averaging Pipe Growth (2)
Copyright 2016 Senturus, Inc. All Rights Reserved.
Growth Date
Growth
Amount
10/1/1610/2/16 $3510/3/1610/4/1610/5/16 $3510/6/1610/7/16
Daily Avg for period 10/1 to 10/7
$35
Still Wrong
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• Dates with Nulls treated as ZEROES do work.
Considerations when Averaging Pipe Growth (3)
Copyright 2016 Senturus, Inc. All Rights Reserved.
Growth Date
Growth
Amount
10/1/16 $010/2/16 $3510/3/16 $010/4/16 $010/5/16 $3510/6/16 $010/7/16 $0
Daily Avg for period 10/1 to 10/7
$10
BINGO!Tableau handles this with a standard function and a single click
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Using Tableau to handle relative time, seasonality and averages over time periods that have missing values
DEMO
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Bringing It All TogetherSUMMARY
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To view the FREE video recording of the presentation and download this deck, go to:
http://www.senturus.com/resources/surface-better-insight-from-your-sales-pipeline-data
/
The Senturus comprehensive library of recorded webinars, demos, white papers, presentations, and case studies is available on our website:
http://www.senturus.com/resources/
Hear the Recording
Copyright 2016 Senturus, Inc. All Rights Reserved.
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Contact Jim Frazier• [email protected]• 650 949 2921
Sign up for the Senturus Leading Indicator Subscription Service• We’ll manage the transformations, contortions and
updates for you• We’ll deliver the missing indicators to you• $999 per month (promotional pricing valid through
12/31/2016)
Interested in Learning More?
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• Ideally pull your CRM pipeline data into the data warehouse or sales data mart• Next best interim situation is to pull it into a
staging database• In these databases you will be able to do the
transformations and contortions that surface the missing leading indicators• Pipeline growth transactions provide much better
visibility than pipeline balance snapshots– Need to know not just where you are, but how you
got there• Valuable marketing interactions which lead the
leading indicators can be surfaced by similar techniques
Takeaways
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Business Analytics ConsultantsWHO WE ARE
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Bridging the Gap Between Data & Decision Making
DECISIONS & ACTIONS
Business Needs
Analysis Ready Data
Analysis Ready Data
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.
• Dashboards, Reporting & Visualizations• Data Preparation & Modern Data
Warehousing • Self-Service Business Analytics • Big Data & Advanced Analytics• Planning & Forecasting Systems
Business Analytics Architects
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36Copyright 2016 Senturus, Inc. All Rights Reserved.
900+ Clients, 2000+ Projects, 16+ Years
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ADDITIONAL RESOURCES
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www.senturus.com/events Upcoming Events
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Upgrading to Cognos Analytics: What You Need to Know
Presented by:Todd SchumanSenturus Practice LeadInstallations, Upgrades, and Optimization
Upcoming Event
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More Free Resources on www.senturus.com
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*Custom, tailored training also available*
Tableau & Cognos Training Options
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Thank You!
www.senturus.com [email protected]
888 601 6010
Copyright 2016 by Senturus, Inc. This entire presentation is copyrighted and may not be reused or distributed without the written consent of Senturus, Inc.