Quota Manager
Quota Manager
National quota allocation, modeling, analysis, and management tool with built-in life sciences focused target setting methodologies. It allows you to set achievable and fair targets across geographies using a variety of sales and non-sales-based potential factors. In addition, it enables the application of caps & floors to improve the quality of goals for outliers. Business users can also iteratively model and analyze with pre-built analysis, bias checks, and statistics and compare performance across model configurations.
Key Features
Use non-sales-based potential factors
Business users can incorporate a variety of potential gauging factors outside of the sales ecosystem such as marketing spend, key accounts, patient demographics, # of specialized physicians, etc.
Integrated forecast scenario modeling
Allocate national quotas to underlying geographies based on different performance scenarios such as optimist, realist, pessimist, etc.
Embedded ML-based sales trending methodology
Trend geography level sales for individual products using embedded machine learning frameworks with the option to select platform identified best methodology or manual selection
Language localization
Localize language on the platform for easy understanding of the flow for non-native English users
Built-in fairness analysis framework
Evaluate the quality of allocated quotas based on historical period testing and visually analyze performance across modeled scenarios using historical performance markers such as historical product volume, market volume, etc.
Differentiators
Easy-to-use consultative process workflow
Configurable quota allocation using a workflow that empowers business users to model different scenarios without having to rely on external consultants
Embedded ML-based trending algorithms
Embedded sales trending parameter for modeling to account for individual geographical level adoption variations
Configurable parameters to manage outliers
Configurable historical periods, caps, and floors to manage outliers and ensure that quota distribution is aligned with organizational goals
Integrated quota refinement workflow
Integrated rule-based quota refinement to ensure that an appropriate quota set is available across desired hierarchy levels for zero-sum changes within pre-configured constraints
Integrated data management engine
Automate the flow of sales and non-sales-based parameters for quota allocation at the desired periodic frequency
Your Guide to Goal Setting and Quota Management in Sales
Quotas are a powerful and effective tool that helps the entire salesforce work towards strategic organizational goals. Apart from using strategy to achieve your market, financial, and sales objectives, it also assigns a deadline to them all. While right goal setting could do wonders for your business, setting the wrong quota could leave your salesforce demotivated and dissatisfied – the individuals happen to be the backbone of your organization.
Challenges with Setting Sales Targets
During every incentive cycle, sales leaders have to deal with setting challenging yet fair sales targets. As a business, you have to ensure that your sales team is able to meet their goals effectively while driving your business towards growth.
A lack of a thorough understanding of the market dynamics along with other external factors can make the process of goal setting inaccurate and challenging. Some of the common indicators that show there might be a problem with your quota in sales include –
- Too many or too few hitting targets
- Extreme outlier performances
- High-performance standard deviation, causing an uneven or wide distribution of target attainment
- A disconnect between top/bottom performers and performance
- A mismatch between business objectives and team performance
- Biases in systemic payment based on historical product performance or specific market situation
- Changes in the performance of salespeople over an extended period of time
When sales quota is ineffective, it can end up being demotivational to the employees, impacting the company revenue. For a goal setting to be correct, it needs to be tested to ensure its unbiased, fair, and able to deliver the desired outcome.
The right quota in sales can not only keep your salesforce productive and satisfied but also help you drive towards your organizational goals. Here are a couple of best practices that sales leaders should keep in mind to set the right sales quota –
- Look at previous data to rethink new objectives and ways to achieve them.
- Keep sales quotas flexible enough to be changed once they have been set, especially when unexpected situations occur.
- Use quota management software to ditch manual work and automation to produce fair, effective, and accurate sales targets.
Quota in Sales – How Automation Can Benefit Your Business?
Automating your quota in sales process can benefit your business in more than one way. With the right quota management tool, you can –
- Improve performance and efficiency
- Identify the strengths and weaknesses of your sales team
- Analyze individual quota performance based on actionable insights
- Ensure your sales quotas are in sync with the market
- Speed up the sales process
Get Your Sales Quota Manager Today!
Sales quotas are a valuable metric to measure the overall performance of your sales team. Other than that, it also acts as an incentive to motivate employees to work and achieve specific goals. However, if you want them to be effective, you must know how to set them right.
With Aurochs’ Quota Manager, you can set fair and achievable targets for your employees while allowing you to track their performance. If you want to increase the quality of your sales quota, get in touch with us to leverage the power and potential of our quota manager to drive your business forward.
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