Learn how making reporting and data tracking improvements to a CRM can improve user adoption by providing user teams with data that is easily accessible, relevant, and accurate.
In this case study, we share how Bayard Bradford integrated HubSpot and Salesforce so that the client’s website and marketing efforts could be associated with corresponding companies and contacts in Salesforce. The result was a Power Bi dashboard that clearly showed sales data paired with accounting data, thus allowing for better revenue forecasting over time.
We worked with a records retrieval company serving both law firms and insurance carriers across the United States. They were facing difficulties with the adoption of Salesforce internally, from both a technical and strategic standpoint. The existing “org” (Salesforce jargon for your customized system) had a crucial design flaw. Operations data was stored inside both the Accounts and Opportunities objects. This created a great deal of manual work and ultimately resulted in over-utilizing the available custom fields for capturing and managing customer data. In addition, since they were using Professional Salesforce, they were limited in their reporting and customization functionalities.
The Technology Approach:
A Relevant Accessible Dashboard
Bayard Bradford “split off” some functionality from both the Accounts object and the Opportunities object and placed it inside a new Operations object. Operations is the term we use to describe the data tracked and related to operational processes with accounts.
In addition, we integrated Salesforce with free Microsoft PowerBI to develop an executive dashboard that used a dynamic forecasting formula to predict profits into the future. Salesforce’s standard forecasting tool utilizes a %*Amount formula and is ineffective for almost all recurring revenue or contractually based sales because there is often an overtime payout of the value of the opportunity. It is possible to write the forecasting logic needed inside of Salesforce Enterprise but not inside of Salesforce Professional.
PowerBI Dashboard in Salesforce
We implemented a version of the structure shown, which allowed us to create accurate deliverables for the sales team, the operations team, and the executive team. We currently support this client in making updates/changes to their Salesforce portal and will continue to do so into 2020, having started in late 2016.
The net result of their roll-out was a PowerBI dashboard that showed sales data paired with accounting data and allowed for recurring revenue forecasting over time. It also tied in engagement tracking for sales reps and goals/metrics associated with them. We then integrated HubSpot with Salesforce so that their website data and marketing efforts were associated with the corresponding companies and contacts in salesforce.
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