Top 11 sales forecasting software to try

May 27, 2024

22 min.

Imagine a ship captain without a map facing the unpredictable sea. That’s risky, right?

You’d want to know the weather at sea before you leave because it can change quickly.

As a salesperson, you're the ship captain navigating the market's unpredictable sea. Markets are always changing, so it is crucial to look at past sales to plan for the future.

That is where sales forecasting software comes in, helping you make sense of the data and predict future sales trends. A Gartner study shows that 90% of sales teams will still rely on guesswork instead of data to make decisions that lead to wrong sales predictions. But you should get that map.

With the right tools, you can predict your sales and plan better. Look at the top 11 sales forecasting tools to help you predict and succeed in your business.

And because every sales team is unique, we’ll share expert tips on choosing the right tool for your needs. Stay tuned as we explore the nuances of selecting the perfect ally for your sales arsenal.

What is a sales forecasting software?

Sales forecasting helps assess your sales in the next few days. It involves predicting the sales from a single salesperson to the whole company, with a margin ranging between next week’s sales to next year’s. Special methods are used to estimate these future sales.

Here’s why a sales forecasting software is so helpful:

  • It makes your decision-making smarter with accurate guesses.
  • Shows you how well your salespeople or teams are doing.
  • Finds mistakes in your sales process early.
  • Makes sure to meet sales goals and money expectations.
  • Saves time in planning sales areas and targets.
  • Sets standards for better future sales.
  • Helps your team focus on the best chances to make more sales.
  • Helps you to set or change of strategy.

Sales forecasting tools are key to gaining all these benefits, so choosing the right software is important.

Sales forecasting software is your business’s crystal ball, giving you a glimpse into your future sales. They analyze how many leads you have, how much they’re worth, and how likely they are to become customers and help predict how well your sales will do.

These tools focus on answering three big questions:

  1. How much money will we make in the future?
  2. How do our real sales match what we thought we’d sell?
  3. Which leads are most important for our predictions?

By considering these questions, you’ll know where to focus your effort. You’ll also determine which potential customers to chase if you need to change your sales goals and how to sell more to grow your business.

Main features of sales forecasting software

Forecasting tools are the lighthouses guiding ships of success to safe markets in this vast ocean of sales. They are not just features but the beacons illuminating the path to success.

As we examine the core components that make these tools indispensable, we’ll uncover how they empower businesses to predict the future, adapt strategies, and sail smoothly toward revenue goals.

From the precision of predictive analytics to the adaptability of customization options, each feature plays a pivotal role in charting a course for triumph. Let’s set sail and explore these features in detail, understanding how they can transform your sales voyage.

  • Predictive Analytics: The heart of sales forecasting tools lies in their predictive analytic capabilities. These systems sort through vast amounts of data to identify patterns and trends, enabling you to accurately anticipate market movements and customer behavior.
  • Customization Options: Every business is unique, and so are its forecasting needs. Sales forecasting software offers extensive customization options, allowing you to tailor the software to fit your business requirements and ensure that the insights you gain are relevant and actionable.
  • Data Integration: A seamless flow of information is crucial for accurate forecasting. When making predictions, sales forecasting software can integrate with various data sources, ensuring all relevant information is considered, from market trends to customer interactions.
  • User Accessibility: It’s easy to use. Sales forecasting software is designed with user accessibility in mind, featuring intuitive interfaces that make it easy for your team to adopt and utilize to its full potential.
  • Scalability and Performance: As your business grows, your tools should too. Sales forecasting software is built to scale, handling increased data volume and complexity without compromising performance.
  • Support and Training: Proper support and training are needed to get the most out of any tool. Providers of sales forecasting tools often offer comprehensive support and training programs to ensure your team can use the software effectively.

Use cases for sales forecasting tools for individuals

Let's explore the practical applications of these tools and discover how they empower professionals to create effective strategies in anticipation of the future so that they may confidently pursue their financial and business objectives.

From sales planning to the strategic replenishment of distribution centers, each use case highlights the transformative power of forecasting in achieving remarkable results.

Let’s embark on this journey and see the use cases to explore how these tools can be the wind in your sales, mind the pun.

  • Master Scheduling: Sales forecasting tools are masters of scheduling. They align production and procurement in anticipated sales, ensuring that resources are optimally allocated and customer demand is met without surplus or shortage.
  • Financial Planning: These tools are necessary to provide a clear picture of future revenue streams. They enable individuals to budget effectively, manage cash flow, and make informed investment decisions.
  • Sales Planning: Forecasting tools make sales planning more strategic. They allow individuals to set realistic sales targets, align resources to meet these goals and adjust tactics based on predicted market trends.
  • Demand Planning: Forecasting tools are key in predicting customer needs and market demand. It helps manage inventory levels, reduce waste, and ensure product availability.
  • Distribution Center Replenishment: In distribution center replenishment, sales forecasting software predicts product demand, guiding inventory restocking. It prevents overstocking or stockouts and maintains a balance between supply and demand.
  • The Results: Ultimately, using sales forecasting tools culminates in tangible results. They enable precise and proactive decision-making, increasing efficiency, customer satisfaction, and profitability.

11 Top sales forecasting software

Less than 50% of sales leaders and sellers are confident in their organization’s forecasting accuracy. Stand out from this crowd with our top 11 sales forecasting tools. They have robust features like user-friendly interfaces and advanced predictive capabilities.

Whether you’re a small startup or a large enterprise, these tools can help you gain a competitive edge by providing insights into sales trends, customer behavior, and market dynamics.

1. Kommo CRM

Image: Kommo

Kommo CRM is a modern platform that stands out with its messenger based approach. It is designed to streamline communication and enhance the sales process for teams of all sizes.

💡With Kommo CRM, you get total visibility of your entire sales process, from first contact on your website to a won sale. You can track how your visitors and potential clients progress through the pipeline.

Kommo sales forecasting features

Kommo CRM comes equipped with various features to empower your sales team.

  • Customizable Views: Organize your workflow with customizable views to keep every client within reach.
  • Pipeline Management: Get a bird's-eye view of your entire sales process, monitor every client's progress, and oversee your overall sales health.
  • Chat App Integration: Easily manage multiple conversations across various chat apps, including WhatsApp, Instagram, Facebook, and Telegram.
  • Client Profiles: Access comprehensive client profiles that consolidate chat conversations, emails, notes, tasks, and more for quick context.
  • No-Code Salesbot: Create bots to greet clients, gather data, and nurture leads with follow-ups, enhancing engagement without coding.
  • Messaging Campaigns: Engage clients with broadcast messages on platforms like WhatsApp to complement your Salesbot strategy.
  • Easy Automation: Automate repetitive tasks such as data entry, lead assignment, and task setting with just a few clicks.
  • Tasks: Set reminders, manage your calendar, and stay organized directly within client profiles.
  • Team Chat: Communicate with colleagues internally with direct messages, group chats, or within client profiles.
  • Analytics: Monitor performance with real-time reports and customizable dashboards.
  • Web Forms: Design forms that feed leads straight into your pipeline.
  • Chat Button: Customize a multi-messenger chat button for your website.
  • Integrations: Seamlessly integrate your favorite apps to streamline your workflow.

Kommo pricing

Kommo CRM offers straightforward pricing plans to suit your business needs:

  • Base: Boost sales with messaging and CRM features for $15 per user/month.
  • Advanced: Drive sales with bots and automations for $25 per user/month.
  • Enterprise: Manage a large volume of leads and data with everything in Advanced, plus an increased client database and advanced client profiles for $45 per user/month.

2. HubSpot

Image: HubSpot

HubSpot is a well-known name in sales and marketing. Its comprehensive services guide businesses through the ever-changing market tides.

Renowned for its robust Operations Hub, HubSpot is the go-to tool for industries seeking harmony in their sales and marketing endeavors.

Hubspot sales forecasting features

HubSpot offers a Sales Hub, a powerhouse of features that enhance and revolutionize your sales forecast.

  • Intelligent Insights: Hubspot uses Conversation Intelligence to help you dive deep into your sales conversations. This feature tracks all your recorded sales calls and extracts pivotal insights to help unlock your next big sale.
  • Automated Efficiency: HubSpot automates routine tasks such as follow-ups and sales emails. It frees your sales force to spend more time closing deals and increasing revenue.
  • Strategic Playbooks: The Sales Management Playbook is HubSpot’s secret weapon, arming your sales warriors with an arsenal of resources. From positioning guides to persuasive call scripts and strategic competitive battle cards, it’s designed to increase sales and convert leads.
  • Data-Driven Decision-Making: HubSpot’s advanced sales reporting and analytics enable you to analyze every sales aspect, helping you make data-driven decisions.

HubSpot pricing

HubSpot’s Sales Hub is tailored to businesses of every scale, with pricing tiers designed to match your growth trajectory.

  • Starter Plan: At a modest $15 per month per user, this plan lays the foundation for sales excellence, offering essential features like task queues, basic automation, and goal-setting.
  • Professional Plan: This plan unlocks advanced capabilities, including accurate forecasting, custom reports, deal stages, lead rotation automation, and comprehensive sales analytics, along with all the foundational features, for $800 per month per user.
  • Enterprise Plan: At $3600 per month per user, the Enterprise plan is the pinnacle of sales forecasting. It offers premium features, including in-depth sales analytics, playbooks, and predictive lead scoring.

3. Pipedrive

Image: Pipedrive

Pipedrive is another market-leading sales forecasting tool for businesses aiming to amplify their revenue. Branded as a ‘platform for growing revenue,’ Pipedrive is not just a tool; it’s a good solution for any sales-driven organization.

Pipedrive sales forecasting features

Pipedrive is a sales intelligence product with tools designed to increase business ROI. Its many features help achieve this.

  • Effortless Automation: Pipedrive frees your sales team from paperwork, allowing them to focus on what truly matters—lead scoring, engagement, and conversions.
  • Comprehensive Contact History: With Pipedrive, every handshake, conversation, and exchange with a lead or customer is logged in detail. The platform offers a panoramic view of your team’s communication history, documenting all information.
  • Dynamic Deal Management: Turn leads into sales. From customizable web forms to an engaging chatbot and live pipeline updates, it ensures your deals are taken care of.
  • Insightful Analytics: Pipedrive doesn’t just gather data; it transforms it into custom reports that resonate with the business. Compare your aspirations with actual performance, and fine-tune your sales strategy with precision.

Pipedrive pricing

Pipedrive’s pricing structure is a testament to its commitment to scalability and flexibility.

  • Essential Plan: This plan starts at $12 per month per user and is the seed from which your sales strategy can grow. It offers core tools like pipeline, calendar, and lead management.
  • Advanced Plan: At $24 per month per user, this plan fertilizes your business landscape with features like triggered automations and sophisticated pipeline management, nurturing your business’s growth.
  • Professional Plan: Priced at $49 per month per user, this plan harvests enhanced custom reports, accurate sales forecasts, and projections of future revenue, yielding a bountiful sales season.
  • Power plan: For $59 per month per user, this plan is for large organizations that need flexible collaboration and support. Additionally you will get phone call support with it.
  • Enterprise Plan: For $79 per month per user, the Enterprise plan is the greenhouse of unlimited potential. It encompasses all the features above and more, with no usage cap.

4. ActiveCampaign

Image: ActiveCampaign

As we review the different sales forecasting tools, ActiveCampaign stands out. It crafts a platform that caters to the intricate needs of both B2C and B2B landscapes.

Sales forecasting features

ActiveCampaign boasts an array of great sales tools. Here’s a glimpse into the features that make ActiveCampaign a standout choice.

  • Streamlined Sales Engagement Automation: ActiveCampaign’s sales engagement automation is a maestro conducting an orchestra, ensuring every piece of the sales process performs well, allowing for accelerated results and amplified revenue.
  • Calculated Win Probability: Imagine the foresight to know the odds of a deal’s success before diving in. ActiveCampaign’s win probability feature offers the clarity to pursue the most promising opportunities.
  • Efficient Pipeline Automation: With ActiveCampaign, your sales pipeline is automated, like a well-oiled machine, maximizing productivity and ensuring every lead is turned in.
  • Rich Customer Views: ActiveCampaign weaves customer data from various apps, providing useful insights into your audience's motivations and behaviors.
  • Deals CRM Mobile App: The Deals CRM mobile app is your sales command center on the go, allowing you to nurture deals, engage leads, and manage tasks with the touch of a finger.

ActiveCampaign pricing

ActiveCampaign’s pricing is as dynamic as its platform, scaling with the size of your contact list:

  • Lite Plan: At $9 monthly for 1,000 contacts, this plan offers foundational email autoresponders and sales emails.
  • Plus Plan: For $49 a month, the Plus plan enriches your repertoire with the Deals CRM app, lead scoring, and a customizable sales pipeline.
  • Professional Plan: At $149 a month, the Professional plan introduces split automations, conversion reporting, and win probability, which is highly predictive.
  • Enterprise Plan: Priced at $259 a month, the Enterprise plan is the magnum opus, offering the full suite of ActiveCampaign’s features, including the exclusive ability to craft custom sales reports.

5. Keap

Image: Keap

As we continue exploring sales forecasting tools, we encounter Keap, formerly InfusionSoft. Keap retains all the features that have made it a favorite among marketers and sales professionals, now with a new name and enhanced capabilities.

Keap sales forecasting features

Keap is an innovation in sales analytics, offering robust features that fortify your sales pipeline.

  • Versatile Multiple Pipelines: Keap understands the art of juggling multiple deals. It empowers your sales team to create and manage several pipelines simultaneously, ensuring no opportunity slips through the cracks.
  • In-Depth Pipeline Analytics: Keap’s laser-focused pipeline analytics lets you gain deep insights into your sales process. Features like forecasting sales and future revenue help provide a strategic edge.
  • Streamlined Sales Automation: Keap’s automation handles emails, follow-ups, and lead capturing, freeing your team to focus on what they do best—closing deals and building relationships.

Keap pricing

Keap offers a pricing plan to suit every stage of business growth.

  • Pro Plan: For $159 per month, the plan includes basic automation features like automated text messaging, lead capturing, and an integrated CRM to keep your sales engine running smoothly.
  • Max Plan: At $229, the Max plan expands your capabilities with pipeline analytics, sales reporting, and advanced automations, providing a comprehensive toolkit for scaling your sales operations.
  • Ultimate Plan: The ultimate plan, at $229, unlocks the full potential of Keap. It includes engagement analytics, recurring upsells, one-click cross-sells and upsells, lead scoring, and sales funnels, offering a panoramic view of your sales landscape.

Each plan is designed to maximize efficiency and results. It offers access for one user and the option to expand as your business needs grow.

6. Zoho

Image: Zoho

As we delve into the world of sales forecasting tools, Zoho CRM emerges as a sophisticated platform. It offers a flexible forecasting system powered by real-time data designed to adapt to the ever-evolving sales landscape.

Zoho sales forecasting features

Zoho CRM’s forecasting feature is a testament to the power of AI in shaping the future of sales.

  • AI-Powered Predictions: Zia, Zoho’s AI-powered assistant, sifts through historical data to unveil patterns and predict the likelihood of each deal’s success.
  • Balancing Automation with Human Insight: While Zia’s predictions are a leap into the future, some users have voiced concerns about their accuracy. This is a reminder that the human touch still holds value in automated forecasting.
  • Data-Driven Strategy Adjustment: Zoho CRM encourages you to engage with its predictions actively. By comparing your actual sales performance with forecasted outcomes, you can pinpoint areas for strategic refinement.
  • Sales Automation: Streamline your sales activities with automation that takes care of the routine, allowing your team to focus on closing deals.
  • Comprehensive CRM: Manage your customer relationships with a CRM that captures every interaction and nurtures leads through the sales funnel.
  • Email Automation: Keep your communication consistent and timely with basic email automation that ensures your message reaches the right people at the right time.
  • Mobile Accessibility: With Zoho’s mobile app, your sales data and CRM are as mobile as you are, ensuring you’re always connected to your sales operations.

Zoho CRM pricing

Zoho CRM’s pricing is structured to accommodate businesses of various sizes.

  • Free: Begin with essential CRM features at zero cost.
  • Standard: Starting at $14/user/month (billed annually), perfect for small businesses.
  • Professional: Starting at $23/user/month (billed annually), ideal for customer acquisition and growth.
  • Enterprise: Starting at $40/user/month (billed annually), designed for managing global customer experience operations.
  • Ultimate: Starting at $52/user/month (billed annually), scale exponentially with dedicated BI capabilities.

7. Salesforce sales cloud

Image: Salesforce

Salesforce Sales Cloud is the apex of sales automation, offering a robust CRM platform that empowers businesses to accelerate growth, enhance productivity, and achieve sales excellence with accurate AI insights.

Salesforce sales forecasting features

Salesforce Sales Cloud is a comprehensive ecosystem with features to streamline your sales process and provide predictive insights.

  • AI-Driven Forecasting: Utilize AI to gain predictive insights and make informed decisions that drive sales performance.
  • Real-Time Analytics: Access real-time analytics to stay ahead of market trends and customer needs.
  • Customizable Dashboards: Tailor dashboards to monitor key performance indicators and track progress toward sales goals.
  • Automated Workflows: Simplify complex processes with automated workflows that increase efficiency and reduce manual errors.
  • Collaboration Tools: Enhance team collaboration with tools that keep everyone aligned and focused on closing deals.
  • Mobile CRM: Manage your sales pipeline on the go with a mobile CRM that ensures you’re always connected to your data.

Salesforce pricing

Salesforce Sales Cloud offers a variety of pricing plans to suit different business needs and scales:

  • Starter Suite: Begin your CRM journey with essential features for just $24 per user/month.
  • Professional: Ideal for growing businesses looking to scale, available at $80 per user/month.
  • Enterprise: Tailored for large-scale operations ready to dominate the market, priced at $165 per user/month.
  • Unlimited: Experience limitless CRM capabilities for businesses that demand the best at $330 per user/month.
  • Einstein 1 Sales: Reach the zenith of CRM intelligence with unparalleled insights for $500 per user/month.

8. Freshsales CRM

Image: Freshsales

Freshsales is a robust CRM platform from Freshworks. Its intuitive interface and powerful features are designed to meet the dynamic needs of sales teams.

Freshsales sales forecasting features

Sales forecasting features: Freshsales offers a suite of features that empower sales teams to drive growth and efficiency:

  • AI-Powered Insights: With Freddy AI, Freshsales provides predictive insights to prioritize leads and deals likely to convert.
  • Customizable Sales Pipeline: Visualize your sales process with customizable pipelines that reflect your unique business process.
  • Advanced Analytics: Dive deep into sales data with analytics that help you understand performance and make informed decisions.
  • Automated Workflows: Streamline your sales process with automated workflows that save time and reduce manual effort.
  • Multi-Channel Communication: From within the CRM, engage with customers via email, chat, phone, and more.
  • Mobile CRM: Stay connected with your sales activities on the go with the Freshsales mobile app.
  • Contact Lifecycle Stages: Customize lifecycle stages to match your sales process and track contact progress.
  • Task Management: Organize and prioritize tasks, appointments, and reminders to stay on top of your sales activities.
  • Sales Sequences: Automate sequences of sales actions to personalize interactions and close deals faster.
  • Custom Modules: Create modules to capture unique information about your business needs.
  • Contextual Collaboration: Use Slack integration for real-time collaboration and deal discussions.

Freshsales pricing

Freshsales offers a range of pricing plans to suit businesses of all sizes:

  • Free: Start with essential CRM features at no cost.
  • Growth: Access advanced CRM capabilities for $15 per user/month.
  • Pro: At $39 per user/month, unlock deeper customization and automation.
  • Enterprise: For $59 per user/month, get the most comprehensive suite of CRM tools and features.

9. Anaplan

Image: Anaplan

Anaplan is one of the best tools in adaptive planning and offers a comprehensive blueprint that spans sales projection, human resources, and supply chain management.

Sales forecasting features

Anaplan’s suite of features is meticulously crafted to support a robust sales strategy:

  • Strategic Sales Planning: Anaplan empowers you to analyze your sales objectives into manageable segments, separating capacity plans from targets, quotas, and territories. This divide-and-conquer strategy will help improve your company’s financial performance.
  • Motivational Sales Incentives: To keep the sales force motivated, Anaplan integrates sales incentives similar to EngageBay, ensuring your team remains energized and focused on achieving its goals.
  • Proactive Sales Insights: Anaplan precisely identifies lucrative revenue opportunities and forecasts, enabling you to navigate the future confidently.

Anaplan pricing

Anaplan’s pricing structure is as dynamic as its planning capabilities, offering three distinct plans:

  • Basic
  • Professional
  • Enterprise

While the specifics of Anaplan’s pricing are not publicly disclosed, they offer personalized quotes to align with your business’s unique needs. To unlock the potential of Anaplan’s pricing for your enterprise, reaching out to their sales team is the key to a tailored solution.

10. ​​Gong

Image: Gong

Embark on a journey with Gong.io, a cutting-edge sales forecasting software at the vanguard of predictive sales analytics. Gong.io is not just a tool; it’s a comprehensive platform designed to enhance the precision and effectiveness of your sales strategy.

Gong sales forecasting features

Gong.io’s suite of features sales teams with actionable insights and predictive accuracy.

  • AI Forecast Projections: Gong.io’s AI leverages over 300 unique signals to predict deal outcomes with 20% more precision than algorithms based solely on CRM data.
  • Deal Likelihood Scores: Connect insights to action with AI that helps prioritize and win high-impact deals, boosting manager capacity and raising rep performance.
  • Conversation Intelligence: Make critical revenue decisions based on insights from a comprehensive customer interaction set.
  • Pipeline Inspection: Gain deep pipeline visibility and streamlined access to customer interaction insights for quick deal inspection.
  • Executive Dashboards: Monitor performance against plan with out-of-the-box analytics tracking rep attainment, pipeline changes, and more.
  • CRM Sync & Enrich: Keep your CRM data updated and clean without manual data entry from reps, capturing and pushing customer interactions and deal data to your CRM.
  • Streamlined Roll-Ups: Submit forecasts where you manage your pipeline with a consolidated tool, rolling up forecasts in minutes.
  • Flexible Configuration: Get set up in weeks, not months, with easily adjustable settings to adapt and scale your sales motion.
  • Data Export: Sync and access critical revenue information in your systems of choice.

Gong pricing

While specific pricing details are not publicly available, Gong.io encourages potential customers to contact their team for a personalized demo and pricing quote tailored to their business needs.

  • Seat Edition: Select a license edition that best matches your team’s requirements, ensuring you have the right features for your business operations.
  • Optional Products: Enhance Gong’s Revenue Intelligence Platform with additional products for deeper insights and greater visibility.
  • Platform Subscription: Commit to a fixed annual subscription, in addition to the seat price, which varies based on the number of users. This subscription includes benefits like unlimited collaborators, data storage and export, Customer Success Manager (CSM) resources, support, and more.

11. EngageBay

Image: EngageBay

EngageBay’s sales forecasting tool is an all-in-one platform for small businesses and startups that need help navigating the sales, marketing, and customer support wilderness.

EngageBay sales forecasting features

EngageBay’s CRM & Sales Bay is a treasure trove of features designed for precision in sales forecasting.

  • Holistic Customer Profiles: EngageBay offers a full view of your customers, providing deep insights that unlock new upsell and cross-sell opportunities.
  • Multiple Deal Pipelines: Break free from the constraints of single pipeline software with EngageBay’s ability to run numerous deal pipelines. Tailor them to your needs, whether by geography or custom filters.
  • Smart Sales Automation: Harness the power of automation with EngageBay’s intelligent sales engagement tools, turning lead conversion into a fine-tuned machine that boosts your sales figures.
  • Account-Based Marketing: EngageBay’s account-based marketing lets you dissect key metrics, providing the strategic data needed to make pivotal business decisions with the precision of a master strategist.
  • Sales Gamification: Inject a dose of friendly competition among your sales reps with sales gamification, turning every sales target into an exciting challenge that drives performance.
  • Real-Time Custom Reporting: With EngageBay, you can craft custom reports that give your business real-time updates and the flexibility to set new KPIs akin to charting a course through unexplored territories.

EngageBay pricing

EngageBay’s pricing is as competitive as its feature set, with plans catering to every business growth stage.

  • Free Plan: At an unbeatable price of $0 per month per user, this plan includes a robust set of tools like email marketing and contact management, laying the groundwork for your sales journey.
  • Basic Plan: For just $12.74 per month per user, the Basic plan expands your toolkit with third-party integrations and predictive lead scoring, sharpening your sales edge.
  • Growth Plan: At $55.24 per month per user, the Growth plan adds proposals and sales automation to your arsenal, along with a sales leaderboard to track triumphs.
  • Pro Plan: For those seeking the full suite of sales forecasting software, the Pro plan, at $101.99 per month per user, offers goals, call scripts, proposal analytics, and customized reports, ensuring you’re equipped for any sales expedition.

What to look for in sales forecasting software

Finding the right sales forecasting software for your business is important. Each business has different tool requirements, and it is important to know what tools are best for the jobs required.

Remember: Mastering the art of sales forecasting is like navigating the future with a compass of certainty. It empowers businesses to chart a course toward success with the foresight of data-driven decisions.

Let’s examine the key features and discover how they work best to improve efficiency and insight. Here’s what to look for in a sales forecasting tool.

1. Demand forecasting

A top-tier sales forecasting tool should excel in demand forecasting, offering precise predictions about market needs. This feature enables you to anticipate sales volumes, ensuring you’re well-prepared to meet market demands and capitalize on sales opportunities.

2. Data security & compliance

A robust sales forecasting tool must prioritize data security and compliance in an era where data breaches are costly. It should adhere to industry standards and regulations, safeguarding sensitive data from unauthorized access and ensuring peace of mind.

3. Compatibility with your existing stack

The ideal tool should seamlessly integrate into your current tech ecosystem. Compatibility minimizes disruptions and leverages your current investments, making the transition smooth and efficient.

4. Integration with external data sources

Your sales forecasting tool should be able to integrate with external data sources. It will enrich your forecasts with diverse data points and provide a more comprehensive view of the sales landscape.

5. User-Friendliness for reps & leaders

Ease of use is critical. Look for a tool that’s intuitive for both sales reps and leaders. It will reduce the learning curve and enable your team to focus on selling rather than navigating complex software.

6. Visualizations

The tool should offer clear, insightful visualizations that make complex data understandable at a glance, aiding in quick and informed decision-making.

7. Detailed rollups

Granular insights are invaluable. Your sales forecasting tool should provide detailed rollups, offering a deep dive into the data and enabling you to analyze trends at the most granular level for strategic planning.

8. Automation & alerts

Efficiency is key, and automation plays a pivotal role. A sales forecasting tool should automate repetitive tasks and provide alerts for critical thresholds or milestones, keeping your team proactive and on track.

9. Cost implication

When evaluating the financial implications of adopting a tool, consider both direct and indirect costs. Direct costs include trainer fees, training materials, and software tools. Indirect costs encompass lost productivity, opportunity costs, learning curves, and disruptions.

To reduce training expenses, repurpose existing resources, use eLearning platforms, assess training needs, consider on-the-job training, and leverage technology. Remember to evaluate both upfront costs and long-term implications when choosing a tool!

Frequently Asked Questions

Kommo: The perfect solution for a sales forecasting tool

Kommo CRM stands out as an exemplary sales forecasting tool. It offers analytics and forecasting features that transform raw data into actionable insights. With Kommo, businesses can harness the power of their CRM data to drive performance and increase conversions.

Win-Loss Analysis

Kommo’s Win-Loss analysis shows your team’s effectiveness by displaying the percentage of won and lost leads, average lead lifecycle, and response times to incoming leads. This real-time statistical breakdown helps businesses adapt their strategies to maximize lead retention.

Consolidated Report

Decision-makers can rely on Kommo’s consolidated report to monitor their sales department and set informed targets. It presents a snapshot of sales and key distribution metrics, and tracks changes over time, allowing for a comprehensive understanding of sales dynamics.

Activity Report & Log

Understanding the daily activities of sales reps is crucial for identifying areas of improvement. Kommo offers an Activity Log and Report to monitor tasks created and completed, providing insights into team efficiency and event statistics.

Sales Forecasting

At the heart of Kommo’s capabilities is its data-driven sales forecasting. Utilizing current data, Kommo delivers forecasts that aid in predicting future sales and strategic planning. These forecasts are generated for the current month and extend to 60 days, predicting the number of leads to win and the expected revenue.

Key Features to Look For

When considering Kommo as your sales forecasting tool, here are some key features to look for:

  • Real-time analytics for instant sales reports.
  • Win-loss analysis to adjust sales strategies.
  • Consolidated and activity reports for a comprehensive overview.
  • Data-driven sales forecasting for strategic planning.

FAQs

  1. How does Kommo enhance sales forecasting? Kommo enhances sales forecasting by using real-time CRM data to generate accurate and strategic forecasts.
  2. Can Kommo’s reports be customized? Kommo’s reports can be tailored to view data for different reps and teams, change the period, and filter by any field.
  3. Is Kommo suitable for businesses of any size? Kommo is designed to cater to businesses of all sizes, providing scalable solutions for sales forecasting.

In conclusion, Kommo CRM embodies the ideal sales forecasting tool, offering a robust platform that empowers businesses to make data-driven decisions and strategize effectively for future growth.

Final thoughts

t’s obvious that the importance of reliable forecasting sales software can’t be overstated. The 11 sales forecasting tools we’ve explored offer a glimpse into the future of sales strategy, where data-driven decisions reign supreme.

Each tool has its strengths, but they all share a common goal: to empower businesses with foresight and clarity. In the end, the choice of tool will depend on your business’s specific needs, size, and goals.

Choose wisely, and let Kommo illuminate the path to your success. Try Kommo’s 2-week free trial -- no credit card required.

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Sayed Mohammad Mohiuddin

Always trying to grasp new endeavors. A biker and traveler by passion and a mathematician by academics. A content marketer and digital marketing strategist by the job.

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