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Revenue Forecasting Help
Hello!
Does anyone know if Salesforce has a better tool to use with regards revenue recognition other than the Product Schedule option?
The Product Schedule option is clever but not nearly as flexible as it needs to be. (atleast from what I know)
Pre Salesforce we used a simple excel spreadsheet to forecast monthly revenues from our pipeline.
So essentially what we need is to set automatic schedules based on formula rates and start dates rather than having to manually edit each record’s start date and rate.
Any Ideas? Here is an example of what we need and how robust it needs to be
Total Project Daily Revenue Formula Start Date Month 1 Month 2 Momth 3 Momth 4
Revenue Recognition Rate
$100,000 $2,000 August 31 2000 60,000 38,000
$300,000 $4,000 August 30 8000 120,000 120,000 52,000
We have all the formula fields needed but we don’t know how to tell Salesforce to use them for forecasting or revenue scheduling.
Thank you for your help!!!!!
Harry
The EnthCast package can be installed from the AppExchange on a 30 day free trial basis. It supports the following types of schedule automation:
To install the package, or view the demo video go to: EnthCast AppExchange
All Answers
Harry
I would recommend visiting Right90 (www.right90.com). We have a number of customers who use our application to develop a sales forecast and translate that into a revenue forecast based on definable business rules. Right90 is a salesforce.com partner and has a large number of customers who also use salesforce.com.
If you prefer, you can contact me directly @ sales@right90.com to find out more.
Pier
Harry,
I am trying to do a similar thing but I don't believe it is possible to influence the Schedule date based on any sort of customization. I've tried everything to do this.
I am curious how you got your Month 1, Month 2, etc. formulas? Could you share those?
You can write the schedule using Apex code. I have a package to do this that was created for the Media industry to support Ad Sales where they wanted to pro-rate the revenue across each fiscal period.
The package is available as free private package if you're interested. Stuck in security review as UK SFDC say their partner network is closed to new AppExchange members.
Hi, if this is still available, I would be very interested in this code.
We have the same issue and would like to understand the revenue on a monthly basis.
Thanks in advance for your assistance,
Rich
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The EnthCast package can be installed from the AppExchange on a 30 day free trial basis. It supports the following types of schedule automation:
To install the package, or view the demo video go to: EnthCast AppExchange
Hi,
If it isn't too late. Check out the APPexchange APP called REVview from APPropoz. It has a 30 day free trial.
https://sites.secure.force.com/appexchange/results?keywords=revview
Hope that helps