How to Increase Sales Forecasting Accuracy with Automation

Sales forecasting is the map of estimated sales performance, revenue, and expenses that guide a sales organization in their planning processes. Having an accurate sales forecast is crucial to driving revenue, growth, and profitability. The most successful companies are consistently looking for ways to increase sales forecasting accuracy, reduce inefficiencies, and maximize ROI in order to stay on track to hit goals. So what does forecasting look like for the average company in today's increasingly competitive business landscape? The majority of businesses conduct their sales forecasting manually. In fact more than 75% of organizations rely on spreadsheets to manage their planning and forecasting functions. Typically, companies compile data continuously, tracking it down from various spreadsheets, and analyzing at the end of each quarter—often only to discover that due to unforeseen circumstances, sales forecasting is off, and your team is not on track to reach key goals.

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Primeur

Primeur is a multinational group headquartered in Switzerland specialising in Enterprise Data Integration for more than 30 years. Our greatest strength is our ability to offer Data Integration solutions that start with consulting, include the implementation of our software and continue over time with full Client’s support throughout the entire life cycle of Data Integration. Using proprietary and market best of breed technologies, we have designed, developed and implemented the innovative Hybrid Integration Platform Platform Primeur Ghibli Next™, and a totally new E2E Data Governance and Lineage solution, Primeur Data Watcher™.

OTHER ARTICLES
IoT Security

The IoT Smarthome Battlefield: A Jointly Endorsed IoT Standard for the Home Area Network

Article | October 11, 2023

Google announced that together with Amazon and Apple (the big 3 smart home players) they will work on the adoption of a joint wireless IoT standard for the smart home. This new connectivity standard is designed to make it easier for smart home products to work with each other.In the statement, Google said they were “joining Amazon, Apple and others to create Connected Home over IP, a new independent working group managed by the Zigbee Alliance (separate from the existing Zigbee 3.0/Pro protocol). We’re contributing two of our market-tested and open-source smart home technologies, Weave and Thread. Both are built on IP and have been integrated into millions of homes around the world.”

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Industrial IoT, IoT Security

Smart Home Technologies: Zigbee, Z-Wave, Thread, and Dotdot

Article | July 11, 2023

If you own smart home products like SmartThings or Nest, you may be familiar with some of the technologies behind them. Network protocols like Zigbee and Z-Wave dominate the industry, while Thread, a younger network standard, is gaining headway as a strong contender in the battle for market share. Although this may seem like your typical rivalry between industry leaders, the competitive landscape is more complicated than selecting one over another.

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Industrial IoT, IoT Security

12 Industrial IoT Companies You Should Know

Article | July 12, 2023

As the industrial IoT market continues to expand at rapid rates, companies across the world are reaping the benefits. Utilizing this growing network of tools and systems, businesses have been able to prevent costly downtime, decrease product development costs, enhance customer engagement and satisfaction and acquire and implement intelligent data for strategic planning purposes.The potential benefits are seemingly endless, and the list of organizations that are embracing this industrial revolution is continuing to grow, so let’s highlight some of the main IIoT companies you need to know for a number of the most common IIoT use cases.

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Who should lead the push for IoT security?

Article | February 10, 2020

The ease with which internet of things devices can be compromised, coupled with the potentially extreme consequences of breaches, have prompted action from legislatures and regulators, but what group is best to decide? Both the makers of IoT devices and governments are aware of the security issues, but so far they haven’t come up with standardized ways to address them. The challenge of this market is that it’s moving so fast that no regulation is going to be able to keep pace with the devices that are being connected,” said Forrester vice president and research director Merritt Maxim. “Regulations that are definitive are easy to enforce and helpful, but they’ll quickly become outdated.”The latest such effort by a governmental body is a proposed regulation in the U.K. that would impose three major mandates on IoT device manufacturers that would address key security concerns.

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Spotlight

Primeur

Primeur is a multinational group headquartered in Switzerland specialising in Enterprise Data Integration for more than 30 years. Our greatest strength is our ability to offer Data Integration solutions that start with consulting, include the implementation of our software and continue over time with full Client’s support throughout the entire life cycle of Data Integration. Using proprietary and market best of breed technologies, we have designed, developed and implemented the innovative Hybrid Integration Platform Platform Primeur Ghibli Next™, and a totally new E2E Data Governance and Lineage solution, Primeur Data Watcher™.

Related News

Xactly Unveils AI-powered Solution to Deliver Real-Time Data-Driven Insights for Sales

Xactly Corp | June 13, 2019

Xactly, the leading innovator of cloud-based sales performance management (SPM) software, today announced a major enhancement of the company’s artificial intelligence (AI) capabilities across its core Sales Resource Planning & Capacity Management solution. This announcement follows the release of Xactly’s Rep Attrition prediction solution, and is the result of the company’s commitment to enhancing AI capabilities across its SPM platform. Demonstrating the power of the company’s deep dataset curated over 14 years, Xactly is using AI to answer some of the most pressing challenges the industry faces about pay structure, optimization, and planning. Xactly relies on user-defined historical data to illuminate organizational patterns in sales, bookings and employee attrition, giving sales leaders precise insight into the ebb and flow of their sales activities and workforce. The product’s new capabilities predict factors that affect seasonality, such as headcount, new hire ramp-up, and early-stage quota-setting to help align planning with broader business objectives. Customers can leverage these predictive capabilities, tailoring them to their needs, including breaking down resource planning by territory and information type to simplify the process for users and drive value more quickly.

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Xactly to Participate in Five Panels During Eighth Annual Denver Startup Week

Xactly Corp | September 13, 2019

Xactly, a leading innovator of sales performance management (SPM) software, today announced its participation in Denver Startup Week 2019, on Sept. 16-20 in downtown Denver. The largest free entrepreneurial event of its kind in North America, the annual Denver Startup Week brings together innovators and entrepreneurs across the city in a series of break-away sessions, keynotes, workshops, and celebrations. With over 300 events, attendees will have the opportunity to learn from one another and discuss the future of tech in Denver, from hiring the next generation of talent to sustainably growing the tech community. Xactly Founder and CEO Chris Cabrera will discuss the experiences, challenges, and triumphs associated with founding a startup and scaling it for the past 14-years during Startup Cribs - People Reveal Space, Culture & Why Denver. The panel will have a distinct focus on culture-building, employee engagement, and community, and will take place Sept. 18 from 12:00-1:30 pm. Xactly CFO, Elizabeth Salomon will lead a panel titled Reality Check: The Future is Female with a group of exceptional female leaders discussing what it means to be a woman in the modern workplace, sharing untold stories and advice about the future of women in tech. The panel will take place on Sept. 17 from 4:00-6:00 pm. Elizabeth will also be on the panel Her Workplace: Exploring Women in the Denver Workforce, on September 17, from 2:00-3:30 pm.

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Xactly Named Bay Area Top Workplace

Xactly Corp | June 26, 2019

Xactly, the leading innovator of cloud-based sales performance management (SPM) software, has been named a Top Workplace by the Bay Area News Group for the seventh time. The list is based on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures aspects of workplace culture, including alignment, execution, and connection. Xactly’s strong culture is based on its company-wide commitment to live by its core values: customer focus, accountability, respect, and excellence. “Developing an inclusive, collaborative, and positive work environment has remained a pillar of our leadership philosophy since the company was founded,” said Chris Cabrera, founder and CEO of Xactly. “After an incredible year of growth and momentum, our repeated recognition as a top workplace demonstrates that the Xactly culture remains steadfast.” Xactly has more than 600 employees worldwide and over the past year saw a significant office expansion in Denver. The company was ranked by the Denver Business Journal as one of the 2019 Largest Tech Employers in Denver. Xactly also increased in total headcount by more than 50 percent across the US, UK, Canada, Romania, Australia, and India.

Read More

Xactly Unveils AI-powered Solution to Deliver Real-Time Data-Driven Insights for Sales

Xactly Corp | June 13, 2019

Xactly, the leading innovator of cloud-based sales performance management (SPM) software, today announced a major enhancement of the company’s artificial intelligence (AI) capabilities across its core Sales Resource Planning & Capacity Management solution. This announcement follows the release of Xactly’s Rep Attrition prediction solution, and is the result of the company’s commitment to enhancing AI capabilities across its SPM platform. Demonstrating the power of the company’s deep dataset curated over 14 years, Xactly is using AI to answer some of the most pressing challenges the industry faces about pay structure, optimization, and planning. Xactly relies on user-defined historical data to illuminate organizational patterns in sales, bookings and employee attrition, giving sales leaders precise insight into the ebb and flow of their sales activities and workforce. The product’s new capabilities predict factors that affect seasonality, such as headcount, new hire ramp-up, and early-stage quota-setting to help align planning with broader business objectives. Customers can leverage these predictive capabilities, tailoring them to their needs, including breaking down resource planning by territory and information type to simplify the process for users and drive value more quickly.

Read More

Xactly to Participate in Five Panels During Eighth Annual Denver Startup Week

Xactly Corp | September 13, 2019

Xactly, a leading innovator of sales performance management (SPM) software, today announced its participation in Denver Startup Week 2019, on Sept. 16-20 in downtown Denver. The largest free entrepreneurial event of its kind in North America, the annual Denver Startup Week brings together innovators and entrepreneurs across the city in a series of break-away sessions, keynotes, workshops, and celebrations. With over 300 events, attendees will have the opportunity to learn from one another and discuss the future of tech in Denver, from hiring the next generation of talent to sustainably growing the tech community. Xactly Founder and CEO Chris Cabrera will discuss the experiences, challenges, and triumphs associated with founding a startup and scaling it for the past 14-years during Startup Cribs - People Reveal Space, Culture & Why Denver. The panel will have a distinct focus on culture-building, employee engagement, and community, and will take place Sept. 18 from 12:00-1:30 pm. Xactly CFO, Elizabeth Salomon will lead a panel titled Reality Check: The Future is Female with a group of exceptional female leaders discussing what it means to be a woman in the modern workplace, sharing untold stories and advice about the future of women in tech. The panel will take place on Sept. 17 from 4:00-6:00 pm. Elizabeth will also be on the panel Her Workplace: Exploring Women in the Denver Workforce, on September 17, from 2:00-3:30 pm.

Read More

Xactly Named Bay Area Top Workplace

Xactly Corp | June 26, 2019

Xactly, the leading innovator of cloud-based sales performance management (SPM) software, has been named a Top Workplace by the Bay Area News Group for the seventh time. The list is based on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures aspects of workplace culture, including alignment, execution, and connection. Xactly’s strong culture is based on its company-wide commitment to live by its core values: customer focus, accountability, respect, and excellence. “Developing an inclusive, collaborative, and positive work environment has remained a pillar of our leadership philosophy since the company was founded,” said Chris Cabrera, founder and CEO of Xactly. “After an incredible year of growth and momentum, our repeated recognition as a top workplace demonstrates that the Xactly culture remains steadfast.” Xactly has more than 600 employees worldwide and over the past year saw a significant office expansion in Denver. The company was ranked by the Denver Business Journal as one of the 2019 Largest Tech Employers in Denver. Xactly also increased in total headcount by more than 50 percent across the US, UK, Canada, Romania, Australia, and India.

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