Home
Blog
Business Central
Sales Analytics: Unleashing the Power of Microsoft Dynamics 365 Sales

Sales Analytics: Unleashing the Power of Microsoft Dynamics 365 Sales

Introduction
Why Do Sales Analytics Matter?
Sales Benefits Offered by Dynamics 365
Tools Offered by Dynamics 365 Sales
Capabilities Offered By Dynamics 365 for Sales
Are You Ready To Embrace the Change?

Introduction

In today’s fast paced world, making data-driven decisions for your business is not just a choice but a strategic necessity. This requires understanding the past sales data and trends for informed decision making. Microsoft Dynamics 365 Sales (formerly known as Dynamics CRM) offers best in class sales automation, that can help businesses manage their end-to-end business development processes. This intelligent platform offers a wide range of analytical tools that can help businesses get more sales deals, thus enhancing their productivity and profitability.

Microsoft Dynamics 365 Sales is sales management software designed to offer 360-degree support to businesses. It can help businesses gain insights into their sales, unlock critical information from the sales pipeline, understand consumer behaviors, and reflect upon overall sales performance. This data is crucial and can help businesses identify areas for improvement and make smarter business choices, thus maximizing their revenue.

Why Do Sales Analytics Matter?

But why does sales analytics matter at all? If businesses can accurately analyze their past and present sales data, they can also somewhat predict their future sales. Through sales analytics, businesses can dive deeper into all the facets of their sales, like the average time it takes to close a sales deal, determining the most effective lead sources, and understanding their business demographics. All this can help businesses somewhat predict their future sales and operations.

This will, in turn, allow them to plan their budget and improve their customer messaging. Sales analytics is also pivotal in understanding and narrowing down the target market. It can also significantly reduce the risk associated with launching new products and services.

Here is a summary of how Microsoft Dynamics 365 for Sales can empower businesses:

It can help manage sales seamlessly and effectively.
It works well with Microsoft Dynamics 365 suite and Microsoft 365
Help businesses close their sales deals faster.
Businesses can make personal networks and relationships with personalized engagement.
Make data-driven decisions
Enhance sales productivity using integrated tools.
Help with inventory management and revamping business activities.
Build strong ERP, CRM and more.
Transform with adaptable business solutions

Microsoft Dynamics 365 for Sales is a business application by Microsoft Azure, which is a cloud-computing service, managed by Microsoft. This application can connect all SaaS (Software as a Service) apps and services, thus transforming the way businesses communicate with their customers. 

Sales Benefits Offered by Dynamics 365

Understanding the Strengths and Weaknesses

Microsoft Dynamics 365 Sales application helps businesses track their data and sales performance intelligently and identify their areas of improvement. Businesses can thus develop targeted plans that can refine their sales process and drive better engagement.

Know Your Customer

Understanding the preferences, buying habits, and pain points of your customers can help you create more effective marketing campaigns and selling strategies.

Better Business Decisions

Sales is integral to any business. Understanding the behavior of customers can help businesses reduce their acquisition cost. With Dynamics 365 Sales businesses can leverage insights to fuel effective marketing campaigns and make informed decisions in other aspects, like product development, business processes and pricing.

Faster Wins

Bringing efficiency into the sales processes and making informed business decisions will help your business close deals faster, thus generating more revenue.

Tools Offered by Dynamics 365 Sales

Microsoft Dynamics 365 Sales offers businesses a range of analytics tools that are mentioned below. These tools can greatly help with dissecting data and deriving meaningful insights.

Lists and Views

This helps businesses filter and sort their data and make meaningful analyses as per their specific needs.

Charts

These are visual representations of data that make it easy to understand and interpret sales performance over a period.

Dashboards

With Dynamics 365 Sales businesses can bring together data from various record types into a unified, interactive interface. Moreover, they can also incorporate lists, charts and external resources for a more comprehensive view of data.

Advanced Find

Microsoft Dynamics 365 Sales can also help with complex searches from different records. Businesses can combine these results to get a broader perspective of things.

Microsoft Excel

It also allows data from Dynamics 365 to be exported to Excel sheets to further improve analytical horizons. Businesses may also export data as dynamic PivotTables or static or dynamic worksheets.

Besides these tools, Dynamics 365 can also seamlessly integrate with other business intelligence (BI) tools using Microsoft Power BI. This enables them to create custom dashboards and reports for in-depth analysis of sales data.

Capabilities Offered By Dynamics 365 for Sales 

Lead and Opportunity Management

Dynamic 365 Sales helps businesses with the complete sale cycle, from the stage of customer acquisition to development, proposing and closing. It helps the sales team organize their deals by stage (like "considering" or "ready to buy") and keep track of tasks and notes for each deal.

Sales Execution

With Dynamics 365 Sales, one can create Playbooks that are step-by-step guides on handling customer situations and automating repetitive tasks. Not just that, the sales team can also write emails directly within the system without switching apps or searching for pre-written templates for easy mailing. This helps everyone sell better, especially new team members.

Relationship Selling

Businesses can use LinkedIn Sales Navigator to search for their potential customers on LinkedIn. They can also get the most recent details about people and companies directly within the system, which can help them with relationship selling and creating better business opportunities.

Sales Performance and Forecasting

Use the reports and dashboard for better insights into the sales data. These reports can help businesses track their performance against their targets and identify any loopholes that may prevent them from meeting their targets. Not just that, the Sales Power BI template also enables businesses to track process performance and create customized dashboards, specifically focusing on one business process.

Team Collaboration

By integrating a Sales Hub to your Microsoft Teams channel, businesses can access multiple records while chatting in Teams. This data can also be accessed from anywhere and at anytime on your mobile device, helping in faster information sharing. Besides, one can also connect data across the Microsoft stack and edit it in Excel or save it in OneNote, SharePoint, and OneDrive.

So, if your business is looking for increased visibility, improved productivity, and reduced operating costs, Dynamics 365 Sales can offer a perfect solution.

Are You Ready To Embrace the Change?

Get access to more such information about Microsoft Dynamics 365 for Sales by contacting us at Akkomplish Consulting Pvt. Ltd. We are the Microsoft Partners based in Ahmedabad, helping businesses with a seamless D365 Sales implementation, training and support. For any queries or support regarding Microsoft Dynamics 365 Business Central, you can call us at +1 301 825 5342 or drop us a mail at info@akkomplish.com.