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Learn from the brightest minds how to predictably and efficiently grow revenue.
How to Prevent Deal Slippage in 2023 with Brad McGinity at Hone
In this episode of the Revenue Insights Podcast, host Lee Bierton is joined by Brad McGinity, CRO at Hone, a platform for cohort-based management and leadership training. Brad’s role is as a problem solver in the revenue operations space. You must listen to this episode if you prefer to be hands-on with your teams. The...
Mastering the Art of Relationship Building with Jaime Konzelman, Vice President, Sales at Unisys
In this episode of the Revenue Insights Podcast, host Lee Bierton is joined by Jaime Konzelman, Vice President, Sales North America & Canada at Unisys. They explore the intricacies of cultivating meaningful connections with individuals, delving into various subjects that encompass the significance of relationships and effective strategies for building them in the year 2023....
Establishing a High-Performance Business through Efficient Change Management with Zach Gropper, Founder and CEO at Insight Revenue
In this episode of the Revenue Insights Podcast, host Lee Bierton is joined by Zach Gropper, Founder and CEO at Insight Revenue. In their discussion, they cover several topics, such as the significance of a business operating at a high level, the impact of change management on a business, techniques to enhance business and customer...
Forecasting Strategies for Sales Ops with Michaela Downs, Head of Sales Operations at Benchling
This week we are talking to Michaela Downs, Head of Sales Operations at Benchling. Based on her seven-year expertise in sales operations, Michaela shares strategies to create an efficient sales ops team for the first time.
Listen to Michaela share her forecasting metrics, approach, and her top-rated tech stack for operational excellence.
Michaela’s journey into sales ops
Michaela started her journey as an Accounts Manager at Polyvore and worked in the same position for one year. But soon she explored her passion for sales operations and started her journey as a Sales Operations Manager in the same organization.
Michaela has worked for renowned companies such as Yahoo as a Senior Manager ofSales Operations & Insights, PSafe Brazil as a Sales Operations Consultant, and Samba TV as a Director of Business & Sales Operations. She currently works at Benchling as the Head of Sales Operations.
Benchling sales operation team structure
Michaela’s sales ops team at Benchling consists of twenty-five account executives and four sales managers. Sales managers are responsible for four fundamentals of sales ops, including productivity tools management, sales enablement, sales deal desk, and forecasting.
Overview of Benchling tech stack
Michaela uses Salesforce, LinkedIn Sales Navigator, Clearbit, Zoom, Mixmax, RFPIO, Highspot, and PandaDoc for sales excellence at Benchling.
The remote sales experience of Benchling
Benchlings’ teams are based in Switzerland, Germany, France, and the UK, and Michaela used to frequently visit her teams in different locations. However, during COVID-19, Michaela says that her team very quickly transitioned to remote working, and now she uses Zoom and Airtable to connect with her teams.
Michaela considers remote transition as adventurous, as she believes that technology and automation are the future of businesses.
Michaela shares that Benchlings’ sales targets and milestones haven’t been changed throughout COVID-19. However, she would want to go back to resuming their customer relationships campaigns such as webinars, summits, and official dinners.
Forecasting sales at Benchling
Michaela uses two major techniques of forecasting; bottom-up forecasting and rolling forecasting through the Salesforce forecasting app. These forecasting techniques run through three major variables of sales and revenue forecasting;
1. New customer acquisition
2. Existing customer renewal terms
3. Changing order opportunities
Based on the data-driven forecasting results, sales reps are assigned to follow the most relevant targets and timelines. The Post-sales delivery metric for Michaela is analyzing the sales cycle and deal size variations monthly.
Michaela further emphasizes the significance of forecasting as it provides sales ops managers with an idea of where the revenue will land monthly, quarterly, bi-annually, and annually. Based on the targets oriented forecast, the complete customer pipeline is created.
No#1 sales metric: sales velocity analysis
Michaela shares sales velocity analysis as her favorite metric. It provides sales ops personnel the ability to diagnose issues in aggregated customers pipeline.”
Michaela also shares her formula of analyzing sales velocity.
The formula of sales gauging sales velocity: Sales velocity x (opportunities + average deal size + win rate for time-1) / average sales cycle.
Michaela’s biggest influence
- Lori Macias – Chief Revenue Officer at Manolo
Who in the sales operation world Michaela Downs most like to take for lunch?
- Victoria Moss, VP Revenue Operations at Greenhouse
- LinkedIn Sales Navigator
- Clearbit: B2B Data To Power Your Entire Business