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Achieving Forecast Confidence with MEDDICC
Pim Roelofsen 4 min
Pim Roelofsen 22 September 2024

Achieving Forecast Confidence with MEDDICC

CONTENTS

As a CRO, one thing that I see organizations struggling with, regardless of their sector, is forecast accuracy. And not just delivering on the forecast, but fluctuations and late quarter drops. I know first-hand from previous roles what frustration comes with an unreliable forecast.  

In some companies (again from experience) forecasting and forecast calls get a bad rep. However, missing your number as an individual contributor, or as a revenue leader, is just the symptom / lagging indicator of what’s happening on the front end.

An inaccurate forecast is never just an inaccurate forecast. As a revenue leader, I’m all too familiar with the uncomfortable conversations that are a byproduct of this – you can tell that there is a loss of trust and confidence. Where do you focus? Do the symptoms stem from poor qualification? Treating coaches as Champions? Not being proactive on the Paper Process and seeing deals slip as a result? An overall lack of trust, leading to deal weaknesses being concealed and deals that you won’t win remaining in forecast? 

Good news: you can turn it around. We recently worked with a Series E MarTech organization who had inaccurate forecasts for 4 consecutive quarters. They were experiencing deal slippage and decreased profitability. That meant there was low confidence in making growth-related investments.

How did they change that?

They implemented MEDDPICC.

With MEDDPICC as a common language, applied across the whole GTM team along the full customer lifecycle, you can achieve forecast confidence. When you work with a partner that has a proven ROI with engaging content that your team wants to learn from, you can align your sales team’s efforts and eliminate guesswork when it comes to revenue projection. This means you know where to focus, and where any problems may stem from.

Empowered by improved forecast accuracy, you can provide a cohesive customer experience, which means you can trust the numbers and make strategic decisions. You gain the ability not just to meet targets, but to exceed them.

For our customer, ensuring forecast accuracy is consistently 98%+ allowed them to make more informed decisions across GTM investment and hiring.

As a revenue leader, I’m not just thinking about the surface level gain here, I’m also thinking about the full implications of it. When you’re smashing targets like this, your credibility with internal and external stakeholders is restored. With clear goals and consistent success, the whole team thrives, and you’re in the perfect position to lead a winning organization with MEDDPICC as your guide.

To achieve this, the way you adopt MEDDPICC across your organization needs to be scalable and repeatable so you can unify a growing GTM team with a common language. 

At MEDDICC, this is where we excel. Partner with us and join top-performing organizations that have transformed forecast uncertainty into forecast confidence with MEDDPICC. 

 

Pim Roelofsen

Pim Roelofsen

Pim Roelofsen is CRO at MEDDICC. He is based in MEDDICC Towersch in the Netherlands.

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