Quota Management

What is Quota Management?

The process of managing sales quotas or targets set for particular time periods is known as quota management. It entails assessing sales performance, defining goals on a regular basis, and directing those goals toward the intended outcomes.

Uses of Quota Management:

• Quota planning helps to handle the deployment of the quotas based on Top-Down, Bottom-up, or a combined methodology
• For the sales reps that are assigned to territories, quotas can be assigned and any irregularities or gaps can be determined
• Using scenario-based modeling, quota assumptions can be verified
• In cases where there are alterations made in the Roster data (new hires, promotions, account transfers, etc.), quota management can accommodate the changes using effective dates
• Verifying the monthly changes in the Roster and territory management systems and pushing the quotas to the downstream systems

Benefits of Quota Management

Data-driven approach

The quota planning module allows the organization to set quotas for the sales reps based on an analysis of the territories and the abilities of the sales reps.

Error-free Quota planning

• The quota management module helps the managers to set precise quotas that are not easy to achieve, but doable for the reps
• Efficient planning helps in motivating the sales reps to work hard towards their goals and not be dis-satisfied and improving the organization’s revenue

Quota Management

Quota management allows alterations to the quotas at any point in time and pushes the quotas to the downstream systems.

Replacing Spreadsheets

Quota management replaces the old spreadsheets with the new automated system that allocates quotas automatically to the process that follow quota planning.

Best practices for Quota management

1. Top Down Centralized – The overall quota target based on forecast data is allocated down to the lowest level of the hierarchy.
2. Top Down waterfall – The quota target is allocated to each level of the hierarchy step by step. In this method, the regional managers can set quotas at their level
3. Bottom-up – Sales reps can propose quotas for their accounts, that they collaboratively review and adjust with their managers.
4. Combined – Many times organizations use 2 or 3 levels of planning, that is, first Top down where the finance team sets quotas for all the levels of territories, then bottom up where the sales rep proposes their quotas which are rolled up to the above levels and then final top down again where the sales managers, executives, and directors set the final quotas.

How Delbridge Can Help

By partnering with Delbridge, your organization can have confidence in the implementation and effective use of Xactly’s quota management capabilities, improving the accuracy and reliability of your quota planning and assessment processes. We can help you implement quota management effectively with Xactly by offering the following services:

• Requirements Analysis: Delbridge will work with your organization to understand your quota management needs and design a customized solution using Xactly.
• Implementation: Our team of experts will ensure a smooth and efficient implementation of Xactly’s quota management capabilities, taking into account your specific requirements and business processes.
• Training and Onboarding: Delbridge will train and onboard your team to be experts in using Xactly’s quota management features, ensuring they are fully equipped to maximize their potential.
• Best Practices: We will share best practices in quota management using Xactly, helping you optimize your processes and improve performance.
• Ongoing Support: Delbridge will provide ongoing support and maintenance, ensuring your Xactly implementation continues to meet your quota management needs.