6 Benefits of territory management for sales operations
Unlocks hidden revenue and reduces selling costs
Measures performance with more actionable insight
Identifies hidden sales trends with advanced visualization
Delegates work with hierarchies
Increases team collaboration and sharing
Saves time with an easy-to-use intuitive interface
Increase sales and reduce the cost of sales
A significant benefit from sales territory mapping is increased sales and reduced costs. Territory management will improve market coverage allowing sales teams to be more efficient at making each sale and grasping new opportunities, gaining a competitive advantage.
Aligned territories will result in balanced workloads for sales personnel, providing them with greater earning potential, improved morale and career satisfaction. It leads to higher motivation, lower staff turnover, and more sales. Look for a Territory mapping tool that includes route optimization capabilities.
The next step after optimizing sales territories is to ensure your salespeople optimize their selling days. With route optimization software, you can add an extra sales call a day by providing an optimal schedule.
Reporting and analytics
Visualizing sales territories using mapping software allows you to access analytical tools and performance reporting options.
You can easily aggregate your sales data to get consolidated views of your performance with Mapping software. You can segment and filter data, isolating sales above or below a specific value. You can also overlay demographic and geographic data to identify insights in your market.
Share maps with your sales team, who can create reports, analyze their territories, and measure their current performance against quotas and targets. You can share new alignments or territory scenarios for approval.>
The human brain can interpret visual content faster and easier than textual information. The brain interprets almost 90% of all information visually, so sales teams and managers take note.
It's proven that managers who use visual data tools are 28% more likely to find relevant information than those who rely solely on traditional reporting and spreadsheets. Data Visualization lets you optimize and visualize the data from your CRM and spreadsheets. An interactive map allows discovering hidden insights and patterns not possible in spreadsheets.
Seeing a territory from a variety of different perspectives allows for bigger picture but also more granular insight. For example, zoom in to see greater detail based on market characteristics such as customer types or assigned sales reps.
Sharing and collaboration
Territory management software enables collaboration and sharing between sales managers and sales personnel. You and your sales team can better input/edit sales data and plan. For sales teams located remotely, seamless collaboration is essential. Cloud-based solutions allow teams to collaborate and give real-time feedback on alignments from any office location or field.
For example, a nationwide sales team member can add their data, latest sales, or leads to a territory daily, creating a complete, up-to-date holistic view of their Territory. Sales leaders can share historical sales performance, territory definitions, and current performance against quota. It facilitates a constructive sales performance conversation using a single source of sales data.
The instantaneous nature of collaboration in online territories reduces the necessity of expensive and time-consuming onsite sales performance reviews. Easily share territory maps publicly or privately online. Include in your presentations, and high-quality print hard copies.
For sales teams located remotely, seamless collaboration is critical. Cloud-based solutions allow teams to collaborate on the definition of their territories from any location, office, or field in real-time.