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Zoho Database Help: Must-Haves On Your Pipeline Report

By February 20, 2019 April 18th, 2019 No Comments

Zoho Database Help: Must-Haves On Your Pipeline ReportOne of the most effective ways to get your group using the company’s Zoho database is to use it to generate reports. In the end, a CRM system is nothing more than a good database with detailed information about your customers, prospects, partners and community. Like any database, it will provide important information to help you run your business. If you’re getting a few good reports out of your Zoho database on a consistent basis, then you will find yourself relying on the system more and more, and demanding better and more relevant information from your team.

Of all the reports, the most important one is the pipeline report. It should be the very first report you use as part of your Zoho database and you should be looking at this information frequently—weekly, if not daily.  So, what kind of information is important to have on your pipeline report? You must include these ten things:

Zoho training videosWho’s responsible

This is the internal person at your company that owns the opportunity. It’s your sales rep. It could also include that person’s sales manager.  You may be generating your report for all opportunities or just for certain people.

Probability/stage

This is a critical number. It’s a percentage.  For example, a company may have three probability/stages:  50 percent for when a quote is first issued, 80 percent for when a prospect says “yes, we’re moving forward” (because nothing is 100 percent until the check’s in the bank) and 20 percent if a prospect is losing interest.

Contact information 

This is straightforward.  The name and company of your prospect is usually sufficient. Also helpful is the city and state, in case you want to sort or only show by region.

Date created

This is the date that the opportunity made it on your pipeline report.   

Date expected to close

Self-explanatory.  Stress the accuracy of this; this date drives projected cash flow.

Value

This is the total value of the deal.

Notes

Anything that’s particular to the deal or the prospect that the team should know about.

Weighted value

This is the total value of the deal multiplied by the probability percentage. The idea here is that when you add up all the weighted values of all the opportunities for a period, you’ll have a working average potential sales for that period.  As you get better at doing this, you’ll see how important the probability percentage is.

Last action

This (and next action below) oftentimes is left off of these reports and yet it’s probably the two most important things to include. Why? Because what’s the first and next question you ask when looking at a potential deal.  All prospects should have a detailed history of communications so a manager can feel comfortable that the prospect is fully on everyone’s radar and all should have some type of a next action scheduled, because you don’t want anything falling through the cracks.

Next action

See “last action” above.

Get Zoho database help and learn more about Zoho pipeline reports

If you’re thinking of investing in Zoho, it should be a priority to make this your number one deliverable in the first thirty days.  Get rid of your spreadsheets, tell your people to do their data entry in the system, and make it clear that you’re going to be using the data from the system to manage your group or company.  

It’s also important to ensure you’re setting up your pipeline reports correctly. This is how Marks Group Live can help: from setting up reports to learning about everything else that Zoho has to offer, we provide expert-led Zoho training to ensure users are getting the most out of their Zoho experience. Become a subscriber today for exclusive access to our one-on-one training opportunities, live Zoho courses, and extensive video library.