Exam Code: Salesforce-Certified-Sales-Cloud-Consultant Practice test 2023 by Killexams.com team
Salesforce-Certified-Sales-Cloud-Consultant Certified Sales Cloud Consultant

Content: 60 multiple-choice/multiple-select questions and 5 non-scored questions
Time allotted to complete the exam: 105 minutes
Passing score: 62%
Registration fee: USD 200, plus applicable taxes as required per local law
Retake fee: USD 100, plus applicable taxes as required per local law
Delivery options: Proctored test delivered onsite at a testing center or in an online proctored environment. Click here for information on scheduling an exam.
References: No hard-copy or online materials may be referenced during the exam.
Prerequisite: Salesforce Administrator credential
Please note: When evaluating questions and answers, please consider all currently available features including those available in either Lightning Experience or Salesforce Classic.

The Salesforce Sales Cloud Consultant test measures a candidate’s knowledge and skills related to the following objectives. A candidate should have hands-on experience implementing Sales Cloud solutions and have demonstrated the application of each of the features/functions below.

Industry Knowledge: 7%
Explain the factors that influence sales metrics, KPIs, and business challenges.
Explain common sales processes and key considerations.
Describe the common marketing processes and key implementation considerations.
Implementation Strategies: 12%
Given a scenario, determine how to facilitate a successful consulting engagement (plan, gather requirements, design, build, test, and document).
Given a scenario, determine appropriate sales deployment considerations.
Given a scenario, measure the success of a Sales Cloud implementation project.
Sales Cloud Solution Design: 21%
Given a set of requirements, design an end-to-end sales process from lead to opportunity to quote to close to order.
Given a scenario, analyze customer requirements to determine an appropriate solution design considering capabilities, limitations, and design trade-offs.
Given a scenario, identify an appropriate approach when designing the lead conversion process.
Describe the implementation considerations when designing a sales process. (validation rules, automation, record types, page layouts, and triggers).
Given a scenario, determine when it is appropriate to include custom application development or a third-party application.
Describe the appropriate use cases for Account and Opportunity Teams and the effect on sales roles, visibility, access, and reporting.
Explain the capabilities and use cases for Enterprise Territory Management.
Explain the capabilities, use cases, and design considerations when implementing Orders.
Explain the capabilities, use cases, and design considerations of Salesforce mobile applications pertinent to the sales process.
Explain the capabilities and use cases for Sales Cloud Einstein as it relates to the sales process.
Marketing and Leads: 8%
Explain how marketing capabilities support the sales process.
Given a scenario, recommend appropriate methods for lead scoring and criteria for lead qualification.
Explain the best practices for managing lead data quality.
Describe the best practices for using lead automation tools and campaign management.
Account and Contact Management: 13%
Given a scenario, explain how the ownership of account and contact records drive visibility of related sales information such as opportunities, activities, etc.
Explain the various methods for establishing relationships between accounts and contacts.
Given a scenario, explain the impact of having an account hierarchy.
Given a scenario, explain the methods for populating and maintaining account and contact data using data enrichment tools.
Given a scenario, explain the use cases and implications for implementing person accounts.
Opportunity Management: 13%
Given a set of requirements, determine how to support different sales process scenarios.
Given a scenario, determine the relationships between sales stages, forecast, and pipeline.
Given a scenario, describe the relationships between opportunities to assets, product line items and schedules, price books, quotes, contracts, campaigns, etc.
Given a set of requirements, determine the appropriate forecasting solution.
Describe the implementation considerations of multi-currency and advanced currency management on Opportunities.
Sales Productivity: 9%
Given a scenario, determine the key features that help to enable and measure sales productivity and adoption.
Identify use cases and considerations for using email and productivity tools.
Given a scenario, identify the appropriate mobile solution to Improve sales productivity.
Explain the use cases and best practices for using Chatter to enable collaboration in the sales process.
Sales Cloud Analytics: 9%
Given a set of desired metrics, determine the appropriate report, dashboard, or reporting snapshot solution.
Describe the implementation considerations of multi-currency on reports and dashboards.
Given a scenario, determine permissions and access to Reports and Dashboards.
Integration and Data Management: 8%
Explain the use cases and considerations for integrations common to Sales Cloud implementations.
Explain the use cases and considerations for data migration in Sales Cloud.
Given a scenario, analyze the implications and design considerations of large data and transaction volumes.
Explain how integration facilitates the exchange of data between Salesforce organizations.

Certified Sales Cloud Consultant
Salesforce Consultant information search
Killexams : Salesforce Consultant information search - BingNews https://killexams.com/pass4sure/exam-detail/Salesforce-Certified-Sales-Cloud-Consultant Search results Killexams : Salesforce Consultant information search - BingNews https://killexams.com/pass4sure/exam-detail/Salesforce-Certified-Sales-Cloud-Consultant https://killexams.com/exam_list/Salesforce Killexams : Salesforce Services Market Position And Company Are Improving And Sharing Worldwide With Great Growth Opportunities

The MarketWatch News Department was not involved in the creation of this content.

Feb 17, 2023 (The Expresswire) -- Salesforce Services Market | Outlook 2023-2029 | Pre and Post-COVID Research is Covered, Report Information | newest 128 Pages ReportSalesforce Services Market segmentation and trends, Key players and market share, Salesforce Services Market drivers and challenges, Salesforce Services Market opportunities and threats, Future outlook and projections, a research report focusing on this market would typically provide analysis and insights on various aspects of the market This evaluation offers a thorough examination of the worldwide and regional segments of the ""Salesforce Services Market. Tables contain information on deal volume, revenue, growth rates, and market share for the past and next periods. The research offers a thorough evaluation of the key participants in the international industry.

The major players covered in the Salesforce Services market report are:

● Accenture PLC ● IBM Corporation ● Deloitte Touche Tohmatsu Limited ● Capgemini ● Cognizant ● DXC Technology ● NTT DATA Corporation ● Wipro ● Infosys Limited ● Tech Mahindra Limited ● Tata Consultancy Services ● Fujitsu Limited ● HCL Technologies Limited ● Persistent Systems ● PwC ● Strategic Growth ● SLALOM LLC ● Simplus ● VirtusaPolaris ● Strategic Growth

Get a sample copy of the Salesforce Services Market Report 2023

Short summary Of Salesforce Services Market-2023 to 2029:

Market Analysis and Insights: Global Salesforce Services Market
The global Salesforce Services market size is projected to reach USD 12330 million by 2028, from USD 7010 million in 2021, at a CAGR of 7.9% during 2022-2028.
Fully considering the economic change by this health crisis, Planning accounting for of the Salesforce Services global market in 2021, is projected to value USD million by 2028, growing at a revised CAGR in the post-COVID-19 period. While Financial Services segment is altered to an CAGR throughout this forecast period.
China Salesforce Services market size is valued at USD million in 2021, while the North America and Europe Salesforce Services are USD million and USD million, severally. The proportion of the North America is in 2021, while China and Europe are and respectively, and it is predicted that China proportion will reach in 2028, trailing a CAGR of through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR and respectively for the next 6-year period. As for the Europe Salesforce Services landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Salesforce Services market to help players in achieving a strong market position. Buyers of the report can access Checked and reliable market forecasts, including those for the overall size of the global Salesforce Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Salesforce Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Salesforce Services market.
Global Salesforce Services Scope and Market Size
Salesforce Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Salesforce Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

It additionally affords the proper insights and evaluation which are crucial to lay out powerful commercial enterprise techniques and set the proper direction for an improved boom for all enterprise gamers involved. With this information, the ones in rate might be capable of creating new techniques, which consciousness available in the marketplace possibilities in order to advantage them, making their commercial enterprise efforts profitable withinside the process.

Get a sample PDF of report:https://www.industryresearch.biz/enquiry/request-sample/19950745

Salesforce Services Market - Competitive and Segmentation Analysis:

This Salesforce Services Market report offers a detailed analysis supported by reliable statistics on sales and revenue by players for the period 2017-2023. The report also includes a company description, major business, Salesforce Services product introduction, accurate developments, and Salesforce Services sales by region, type, application, and sales channel.

Based on product type: this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:

● Planning ● Implementation ● Manage

On the basis of the end users/applications: this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:

● Financial Services ● Retail ● Medicine ● Other

Salesforce Services Market - Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Salesforce Services in these regions, from 2015 to 2027, covering

● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam) ● South America (Brazil, Argentina, Columbia etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Inquire more and share questions if any before the purchase on this report at https://www.industryresearch.biz/enquiry/pre-order-enquiry/19950745

Some of the key questions answered in this report:

● What is the global (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) sales value, production value, consumption value, import and export of Salesforce Services? ● Who are the global key manufacturers of the Salesforce Services Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)? ● What are the Salesforce Services market opportunities and threats faced by the vendors in the global Salesforce Services Industry? ● Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application? ● What focused approach and constraints are holding the Salesforce Services market? ● What are the different sales, marketing, and distribution channels in the global industry? ● What are the upstream raw materials and manufacturing equipment of Salesforce Services along with the manufacturing process of Salesforce Services? ● What are the key market trends impacting the growth of the Salesforce Services market? ● Economic impact on the Salesforce Services industry and development trend of the Salesforce Services industry. ● What are the market opportunities, market risks, and market overview of the Salesforce Services market? ● What are the key drivers, restraints, opportunities, and challenges of the Salesforce Services market, and how they are expected to impact the market? ● What is the Salesforce Services market size at the regional and country level?

Salesforce Services Market - Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the zzzz market from an international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for zzzz industry, categorized with the aid of using kind, utility, and patron sectors. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance of and after the covid-19 pandemic. The report moreover done a pastel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom-designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which is triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

The final Report will add an analysis of the impact of COVID-19 on this industry.


Salesforce Services Market Overview

1.1 Product Overview and Scope of Salesforce Services

2 Global Salesforce Services Market Landscape by Player

2.1 Global Salesforce Services Sales and Share by Player (2017-2022)

2.2 Global Salesforce Services Revenue and Market Share by Player (2017-2022)

2.3 Global Salesforce Services Average Price by Player (2017-2022)

2.4 Global Salesforce Services Gross Margin by Player (2017-2022)

2.5 Salesforce Services Manufacturing Base Distribution, Sales Area and Product Type by Player

2.6 Salesforce Services Market Competitive Situation and Trends

2.6.1 Salesforce Services Market Concentration Rate

2.6.2 Salesforce Services Market Share of Top 3 and Top 6 Players

2.6.3 Mergers and Acquisitions, Expansion

3 Salesforce Services Upstream and Downstream Analysis

3.1 Salesforce Services Industrial Chain Analysis

3.2 Key Raw Materials Suppliers and Price Analysis

3.3 Key Raw Materials Supply and Demand Analysis

3.4 Manufacturing Process Analysis

3.5 Market Concentration Rate of Raw Materials

3.6 Downstream Buyers

3.7 Value Chain Status Under COVID-18

4 Salesforce Services Manufacturing Cost Analysis

4.1 Manufacturing Cost Structure Analysis

4.2 Salesforce Services Key Raw Materials Cost Analysis

4.2.1 Key Raw Materials Introduction

4.2.2 Price Trend of Key Raw Materials

4.3 Labor Cost Analysis

4.3.1 Labor Cost of Salesforce Services Under COVID-19

4.4 Energy Costs Analysis

4.5 RandD Costs Analysis

Get a sample copy of the Salesforce Services Market report 2023

5 Market Dynamics

5.1 Drivers

5.2 Restraints and Challenges

5.3 Opportunities

5.3.1 Advances in Innovation and Technology for Salesforce Services

5.3.2 Increased Demand in Emerging Markets

5.4 Salesforce Services Industry Development Trends under COVID-19 Outbreak

5.4.1 Global COVID-19 Status Overview

5.4.2 Influence of COVID-19 Outbreak on Salesforce Services Industry Development

5.5 Consumer Behavior Analysis

6 Players Profiles

6.1.3COMPANYSalesforce ServicesProductandSolutions
6.1.4COMPANYSalesforce ServicesRevenue,GrossMarginandMarketShare(2019,2020,2021,and2023)

7 Global Salesforce Services Sales and Revenue Region Wise (2017-2022)

7.1 Global Salesforce Services Sales and Market Share, Region Wise (2017-2022)

7.2 Global Salesforce Services Revenue (Revenue) and Market Share, Region Wise (2017-2022)

7.3 Global Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.4 United States Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.4.1 United States Salesforce Services Market Under COVID-19

7.5 Europe Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.5.1 Europe Salesforce Services Market Under COVID-19

7.6 China Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.6.1 China Salesforce Services Market Under COVID-19

7.7 Japan Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.7.1 Japan Salesforce Services Market Under COVID-19

7.8 India Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.8.1 India Salesforce Services Market Under COVID-19

7.9 Southeast Asia Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.9.1 Southeast Asia Salesforce Services Market Under COVID-19

7.10 Latin America Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.10.1 Latin America Salesforce Services Market Under COVID-19

7.11 Middle East and Africa Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.11.1 Middle East and Africa Salesforce Services Market Under COVID-19

8 Global Salesforce Services Sales, Revenue (Revenue), Price Trend by Type

8.1 Global Salesforce Services Sales and Market Share by Type (2017-2022)

8.2 Global Salesforce Services Revenue and Market Share by Type (2017-2022)

8.3 Global Salesforce Services Price by Type (2017-2022)

8.4 Global Salesforce Services Sales Growth Rate by Type (2017-2022)

8.4.1 Global Salesforce Services Sales Growth Rate of Standby (off-line) UPS (2017-2022)

8.4.2 Global Salesforce Services Sales Growth Rate of Line interactive UPS (2017-2022)

8.4.3 Global Salesforce Services Sales Growth Rate of Online UPS (2017-2022)

9 Global Salesforce Services Market Analysis by Application

9.1 Global Salesforce Services Consumption and Market Share by Application (2017-2022)

9.2 Global Salesforce Services Consumption Growth Rate by Application (2017-2022)

9.2.1 Global Salesforce Services Consumption Growth Rate of Private Data Center (2017-2022)

9.2.2 Global Salesforce Services Consumption Growth Rate of Commercial Data Center (2017-2022)

9.2.3 Global Salesforce Services Consumption Growth Rate of Government/Military Data Center (2017-2022)

9.2.4 Global Salesforce Services Consumption Growth Rate of Others (2017-2022)

10 Global Salesforce Services Market Forecast (2022-2029)

10.1 Global Salesforce Services Sales, Revenue Forecast (2022-2029)

10.1.1 Global Salesforce Services Sales and Growth Rate Forecast (2022-2029)

10.1.2 Global Salesforce Services Revenue and Growth Rate Forecast (2022-2029)

10.1.3 Global Salesforce Services Price and Trend Forecast (2022-2029)

10.2 Global Salesforce Services Sales and Revenue Forecast, Region Wise (2022-2029)

10.2.1 United States Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.2 Europe Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.3 China Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.4 Japan Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.5 India Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.6 Southeast Asia Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.7 Latin America Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.8 Middle East and Africa Salesforce Services Sales and Revenue Forecast (2022-2029)

10.3 Global Salesforce Services Sales, Revenue and Price Forecast by Type (2022-2029)

10.4 Global Salesforce Services Consumption Forecast by Application (2022-2029)

10.5 Salesforce Services Market Forecast Under COVID-19

11 Research Findings and Conclusion

12 Appendix

12.1 Methodology

12.2 Research Data Source

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Thu, 16 Feb 2023 14:20:00 -0600 en-US text/html https://www.marketwatch.com/press-release/salesforce-services-market-position-and-company-are-improving-and-sharing-worldwide-with-great-growth-opportunities-2023-02-17
Killexams : Salesforce yields to activist pressure with harsh new policies for engineers, salespeople

Salesforce is looking at new ways to cut costs as activist investors continue to put pressure on the company. Today, Insider was reporting that the company is implementing much stricter performance measurements for engineering, with some salespeople being put under pressure to quit or succumb to harsh performance policies of their own. This is consistent with what sources have been telling TechCrunch.

This could include performance reviews based on the quantity of code produced for engineers, a flawed way to measure engineering productivity, which encourages quantity over quality. While salespeople are being put between a rock and a hard place, being asked to choose between signing a strict one-month performance improvement plan or taking an exit package.

When asked about this, Salesforce responded with this comment: “Our performance management process drives accountability and rewards excellence.” The company did not elaborate or answer follow-up questions regarding the timing or details of this policy.

TechCrunch has also been hearing that the company is mandating a return to the office, and according to a Salesforce spokesperson, it’s now up to the managers to decide. “Our hybrid approach empowers leaders to make decisions for their teams about which jobs need to be in the office or remote.”

That’s an interesting attitude shift for a company has been promoting the idea of the “all digital, work-from-anywhere workplace” since the pandemic hit in 2020, something they call the Digital HQ. It’s a big part of why the CRM leader spent almost $28 billion to buy Slack in 2020.

But neither is it surprising since CEO and chair Marc Benioff practically telegraphed this at the end of last year, suggesting that folks working from home weren’t as productive.

All of this is probably related to the fact that activist investors -- including Elliott Management, Starboard Value, ValueAct and Inclusive Capital -- have been circling the company, undoubtedly putting tons of pressure on Benioff to increase productivity and cut costs. These firms are a big part of the reason Salesforce announced that it was cutting 10% of its workforce in January, a process that has been handled badly with layoff notices coming in dribs and drabs, leaving workers anxious and uncertain.

Ray Wang, founder and principal analyst at Constellation Research, blames Boston Consulting Group, which he says was brought in at the behest of the activists to deal with the cuts and implement new performance review policies. “From what we know, BCG made some significant recommendations on how salespeople and developers should be measured to Improve productivity,” Wang told TechCrunch. Update: BCG denies being responsible for the performance review policies.

Wang says that whether you think this approach is a good idea or not depends on your perspective. “If I was an investor, I would advocate for this approach, but if I was the owner-founder, I would want something less harsh and more nuanced,” he said.

Wang isn’t a fan of how the activists have handled this, calling them “vulture firms.” While he does agree with their assertion that Salesforce overpaid for bad acquisitions, he believes these firms lack an understanding of how to run a company like Salesforce, and they are ultimately doing more harm than good.

“The vulture firms do not have a good understanding of the investment levels in R&D that are needed for innovation to continue, nor did they understand what level of marketing spend Salesforce needs to remain top of mind for execs,” Wang said.

“They don’t add any value. They come in to just make money on the arbitrage and they leave the firms more damaged than when they were before they were taken over,” he said.

Tue, 14 Feb 2023 07:42:00 -0600 en-US text/html https://www.yahoo.com/entertainment/salesforce-yields-activist-pressure-harsh-214238460.html
Killexams : Investors Heavily Search Salesforce Inc. (CRM): Here is What You Need to Know

Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this customer-management software developer have returned +13.3%, compared to the Zacks S&P 500 composite's +2.3% change. During this period, the Zacks Computer - Software industry, which Salesforce.com falls in, has gained 0.1%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings Estimates

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Salesforce.com is expected to post earnings of $1.36 per share, indicating a change of +61.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $4.93 points to a change of +3.1% from the prior year. Over the last 30 days, this estimate has changed +0.1%.

For the next fiscal year, the consensus earnings estimate of $5.77 indicates a change of +17.2% from what Salesforce.com is expected to report a year ago. Over the past month, the estimate has changed +2.3%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the accurate change in the consensus estimate, along with three other factors related to earnings estimates, Salesforce.com is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

12-month consensus EPS estimate for CRM _12MonthEPSChartUrl © Provided by Zacks.com 12-month consensus EPS estimate for CRM _12MonthEPSChartUrl

Projected Revenue Growth

Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Salesforce.com, the consensus sales estimate for the current quarter of $7.99 billion indicates a year-over-year change of +9%. For the current and next fiscal years, $30.92 billion and $34.17 billion estimates indicate +16.7% and +10.5% changes, respectively.

Last Reported Results and Surprise History

Salesforce.com reported revenues of $7.84 billion in the last reported quarter, representing a year-over-year change of +14.2%. EPS of $1.40 for the same period compares with $1.27 a year ago.

Compared to the Zacks Consensus Estimate of $7.81 billion, the reported revenues represent a surprise of +0.39%. The EPS surprise was +15.7%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.


Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Salesforce.com is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.


The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Salesforce.com. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

To read this article on Zacks.com click here.

Fri, 20 Jan 2023 01:18:00 -0600 en-US text/html https://www.msn.com/en-us/money/topstocks/investors-heavily-search-salesforce-inc-crm-here-is-what-you-need-to-know/ar-AA16zhT2
Killexams : Salesforce adds gender identity and pronoun data fields to promote inclusivity in tech
Paula Goldman

Salesforce has added new fields for gender identity and pronoun data across its product line, to help customers be more inclusive when it comes to collecting and using personal data.

The firm has launched two new fields across the Lead, Contact and Person Account objects on Salesforce. This opt-in addition lets customers and their users select, identify and capture pronoun options like he/him, she/her, they/them, and gender identity options like male, female, non-binary. Both fields also offer a ‘not listed’ option.

The fields are part of Salesforce’s core objects, which means they are populated through most of its products and available by default. 

Organizations from airlines to hotels, restaurants to government agencies and healthcare companies all need this type of personal data to be able to serve their customers accurately. Standardizing the fields removes the need for admins to create custom versions, so companies can capture more accurate customer data in a more efficient way. 

However, there is no pressure on customers to use the fields, as Salesforce's Chief Ethical and Humane Use Officer, Paula Goldman, explains:

We understand this data can be sensitive, so we've designed it with a walkthrough process for admins setting this up. There's guidance that says you don't always need to be collecting this data. In fact, there are some times when it may not be as appropriate to collect this data. Then admins would choose to include it or not include it, as they're setting up various instances of Salesforce.


Salesforce worked in close contact with its Inclusive Language Steering Committee to develop the gender inclusive features. This included members of Outforce, the company’s LGBTQ+ employee resource group, and Out and Equal, an Oakland-based organization working on LGBTQ+ workplace equality. 

Working in collaboration with relevant groups is a standard approach at Salesforce’s Office of Ethical and Humane Use. One of its core pillars is ethics and inclusion in Salesforce products, so the Office works hard to ensure the products the firm delivers are inclusive and accessible to all. Goldman says:

A core way we do that is knowing that I as an individual and my team, we don't have all the answers, and nor necessarily do the teams that are working on these specific products. Participation and gaining insight from folks that live these experiences directly is very important. That's why we worked both with our Employee Resource Group to understand first of all - what's the problem; second - what's the right solution, what's the right language to learn, which of these terms are the most important to address. 

Similarly with outside experts, if our whole goal is inclusion in our product, then we need to be inclusive in the processes that lead to these outcomes as well. We need to be bringing in this expertise and designing based on that expertise.

Using the right identifiers is a key part of building trust with users, but the standard options in data systems and CRM tools don’t always capture peoples’ full identity, or make it simple to do so. By making these new fields available, firms can use the gender inclusive features they prefer, and if they don’t need or want to collect gender-related data, they can bypass the features. Goldman notes:

For airlines or hotels or restaurants, which are giving personalized experiences to their customers, they don't want to be making a mistake on sensitive data like this. They want to be giving the correct experiences to their customers and serving them well. If they were to make an error on something like this, you can imagine how that would break trust.

Conversely, when people feel included, they’re more likely to trust the company they're interacting with. Goldman adds:

Study after study shows that when people trust companies, they're willing to share more data. That in turn feeds a more accurate and trusted personalized experience with the company, which feeds the sort of data they're willing to share.

At a time when first-party data is so crucial for companies wanting to serve and market in different segments, this model creates a virtuous loop where they're going to have more customer loyalty and trust, and be able to better serve their customers. 


The new identity fields are part of Salesforce’s ongoing efforts to develop and promote ethical and inclusive technology. The firm had already made updates to its technical language in 2021 to address implicit bias and increase racial inclusivity. Goldman says:

We spent a long time remediating language in our code and our product around racial terms, like master and slave or blacklist and whitelist, and replacing those with more inclusive terms.

Ethics and inclusivity are embedded across product development at the company, she adds. For example, in the area of Artificial Intelligence, Salesforce aims to ensure that the data sets it’s using to train models are representative of the populations it’s serving and as free from bias as possible. 

The firm also puts intentional defaults in its products to make them as inclusive as possible. During the pandemic, one of the products it was developing for vaccination campaigns offered default pick lists associated with that product type. Goldman adds:

We decided that we shouldn't make an address field mandatory for people that wanted to sign up for vaccine. Why? Because if you are unhoused, that might exclude you from getting access to the thing that you're signing up for. Oftentimes it's these small design decisions that can make a world of difference in how inclusive products are when they launch and are used in the world.

My take

A positive move. 

Thu, 16 Feb 2023 21:12:00 -0600 BRAINSUM en text/html https://diginomica.com/salesforce-adds-gender-identity-and-pronoun-data-fields-promote-inclusivity-tech
Killexams : Salesforce Stock: Bear vs. Bull

Salesforce's (CRM -1.75%) shares closed at an all-time high of $309.96 during the peak of the tech stock rally in November 2021. At the time, the leader of the cloud-based CRM (customer relationship management) services market seemed like a solid long-term investment.

But as of this writing, Salesforce's stock trades at about $155. It was cut in half as investors fretted over its cooling growth and macroeconomic challenges. Rising interest rates exacerbated that sell-off by broadly crushing the tech sector.

Could Salesforce's stock drop even further as the bear market drags on? Or could it recover as it streamlines its business and the macro environment improves? Let's weigh the bear and bull cases to find out.

A person checks a smartphone while holding a cardboard cutout of a cloud.

Image source: Getty Images.

What the bears will tell you about Salesforce

Salesforce expects its revenue and adjusted earnings per share (EPS) to rise 17% and 3%, respectively, in fiscal 2023 (which ends on Jan. 30). In fiscal 2024, analysts expect its revenue and earnings to grow 11% and 17%, respectively.

That slowdown isn't disastrous, but the bears will point out that Salesforce is growing more slowly than comparable cloud-based software companies. ServiceNow (NOW -3.24%) -- which streamlines digital workflows with its cloud-based services -- is expected to grow its revenues by 23% in 2022 and 22% in 2023. Monday.com (MNDY -3.98%) -- which enables companies to develop their own custom apps -- is expected to grow its revenues by 66% in 2022 and 30% in 2023.

Part of that slowdown can be attributed to the accurate macro headwinds, which caused large companies to rein in their software spending. However, Salesforce still faces stiff competition from Oracle, SAP, and Microsoft (MSFT -1.56%) in the CRM market. During Microsoft's latest conference call, CEO Satya Nadella said Dynamics 365 -- which grew its revenue 29% year over year on a constant currency basis during the quarter -- was still "taking share" from its CRM competitors.

As Salesforce's growth cools off, it's reeling from an ongoing loss of top executives -- including its co-CEO Bret Taylor, chief revenue officer Gavin Patterson, chief marketing officer Stephanie Buscemi, Slack CEO Stewart Butterfield, and Tableau CEO Mark Nelson. All those high-profile departures, along with Salesforce's accurate decision to lay off 10% of its workforce, suggest it's struggling with internal turmoil and operating inefficiencies.

There's also a stunning lack of insider confidence in Salesforce's stock. Over the past 12 months, its insiders sold 53 times as many shares as they bought. They also haven't purchased a single share over the past three months.

What the bulls will tell you about Salesforce

The bulls will remind investors that Salesforce still controlled 22.9% of the global CRM market in the first half of 2022. Its four closest rivals -- Microsoft, Oracle, SAP, and Adobe -- held a combined share of 19.2%. Therefore, Salesforce might face competitive headwinds, but its brand should still remain synonymous with cloud-based CRM services.

Moreover, Salesforce still expects its adjusted operating margin to expand 200 basis points to 20.7% in fiscal 2023, and eventually surpass 25% by fiscal 2026. That expansion suggests it won't lose its pricing power anytime soon.

The bulls will note that even though Salesforce is growing more slowly than ServiceNow or Monday.com, it's fundamentally cheaper at less than five times its fiscal 2024 sales. ServiceNow and Monday.com trade at 10 and eight times their sales estimates for 2023, respectively. Salesforce trades at just 20 times its free cash flow (FCF) estimate of $7.3 billion for fiscal 2024. ServiceNow trades at 32 times its estimated FCF for 2023, while Monday.com's FCF is still negative.

Those low valuations suggest that Salesforce's stock could bounce back quickly after it weathers the near-term macro headwinds, streamlines its core businesses, and gets its house in order. That's probably why two high-profile activist investors -- Starboard Value and Elliott Management -- have recently accumulated multi-billion-dollar stakes in Salesforce.

Last but not least, Salesforce still expects to generate more than $50 billion in annual revenue in fiscal 2026 -- which implies its top line will still grow at a compound annual growth rate (CAGR) of at least 17% from fiscal 2023 to 2026.

Which argument makes more sense?

It's tempting to kick Salesforce while it's down, but the right time to be bearish was at the apex of the growth stock rally in late 2021. Now that its stock has been cut in half and trades at attractive valuations again, its downside potential could be limited as the company trims its fat, resets its business, and attracts the attention of aggressive activist investors. Based on these facts, I believe the bullish case for Salesforce makes a lot more sense than the bearish one.

Leo Sun has positions in Adobe and Salesforce. The Motley Fool has positions in and recommends Adobe, Microsoft, Monday.com, Salesforce, and ServiceNow. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.

Thu, 26 Jan 2023 23:49:00 -0600 Leo Sun en text/html https://www.fool.com/investing/2023/01/27/salesforce-stock-bear-vs-bull/
Killexams : More than 500 Salesforce employees wrote to execs demanding layoff answers. Read the leaked messages showing how management responded.

Related articles

Tue, 24 Jan 2023 09:02:00 -0600 en-US text/html https://www.businessinsider.com/leaked-salesforce-messages-layoffs-elliott-management-marc-benioff-2023-1
Killexams : Salesforce is applying pressure to workers to drive down headcount

I've been looking for a driver who is qualified, reader. I'm Diamond Naga Siu, and I'm a little rusty at driving after taking public transportation for so long. Driving at night is especially nerve-racking, because I keep getting blinded by the lights.

It's happening much more frequently, and I thought my eyesight was for sure getting worse (it is). But the real culprit is more complex: light hues, misaligned headlights, and other vehicle quirks. My colleague Madison Hall illuminates the problem here.

Before we drive off into the night, let's jump into today's tech.

If this was forwarded to you, sign up here. download Insider's app here.

Marc Benioff

Justin Sullivan / Getty Images

1. Salesforce performance pressure is on. Employees told Insider that the cloud company is about to drop new performance metrics for engineers. It's also trying to lower the headcount. Some salespeople had to choose between a "Prompt Exit Package" severance option or a 30-day performance improvement plan.

This is all part of a sprint to cut 10% of the workforce after going on a two-year hiring spree. Plus, multiple investors are believed to be pressuring Salesforce to cut additional costs to become more profitable.

More on the heightened tension at Salesforce here.

In other news:

Employees at big tech companies before and after industry-wide layoffs: Alphabet, Meta, Amazon, Microsoft, Salesforce.

Chay Thawaranont

2. Tech layoffs tell one story. Company headcount tells another. These six charts show how tech giants like Meta and Google have still grown, despite layoffs. Check them out here.

3. A woman doesn't want to prosecute her husband who is accused of purposely driving their family off a cliff. He is suspected of driving off a 250-foot cliff with his wife and two children inside a Tesla. The California doctor faces three attempted murder charges. More on the situation.

4. Microsoft really wants you to use Bing and ChatGPT. The company is throwing it back to the 90s. It's pushing people to set Bing as their default search engine. And it's trying to trade access to its augmented search engine for market share. Here's a breakdown of its desperation.

5. Hundreds of influencers revealed their rates for sponsored posts. New data revealed that the average rate for TikTok fell from $3,108 in 2021 to $2,947 a year later. Meanwhile, the costs of Instagram sponsored posts are rising. Get more insights on sponsored post rates.

6. The danger of putting computer chips in your brain. Elon Musk's neurotech startup has been working toward putting chips in people's brains since 2016. Other startups have been hurry to do so, too. But experts warn there are real dangers and unique ethical pitfalls. Dive into them here.

7. Leaked Amazon all-hands recording reveals CEO pep talk. On Tuesday, Andy Jassy urged employees to band together to get through this challenging time. He encouraged them to "redefine" the company and laid out how they can be successful. Get the full meeting breakdown.

8. Walmart forces employees to relocate or bounce. The retailer is cracking down on remote work. It closed tech hubs in California, Texas, and Oregon, and gave impacted employees two options: relocate or take severance. More on the employment ultimatum.

Odds and ends:

person holding EV charging power cord

Getty Images

9. Beep Beep: Road trip with this couple in an EV. Axios reporter Joann Muller joined her husband on a 1,500-mile road trip in a Kia EV6. They didn't use heat — and stopped 12 times due to "range anxiety." Come along for the ride here.

10. Stop doing these things at Chinese takeout restaurants. Su-Jit Lin grew up working in her parents' American Chinese restaurant. She witnessed her parents facing racism and aggression while running their business. Here are nine things she wishes customers knew.

What we're watching today:

Curated by Diamond Naga Siu in San Diego. (Feedback or tips? Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Dave Smith (tweet @redletterdave) in Toronto and Nathan Rennolds (tweet @ncrennolds) in London.

Read the original article on Business Insider

Tue, 14 Feb 2023 21:35:00 -0600 en-US text/html https://news.yahoo.com/salesforce-applying-pressure-workers-drive-113500773.html
Killexams : Gmail sync with Salesforce: how does it work?

You can bring Gmail and Salesforce together to achieve a more productive platform. It lets you access Salesforce data directly in Gmail, and you can switch back to Salesforce to create records or view emails. Your entire team is synced, and they no longer need to worry about manual data entry.

The integration process is simple and takes a few minutes to complete. The benefits your sales team gets are many. They keep their records organized, schedule meetings, and reduce the time taken to switch between the two platforms to organize data.

Office laptop work email image 839483498

Office laptop work email image 839483498

How can you sync Gmail with Salesforce?

After completing Salesforce integration with Gmail, it is easy to access Salesforce features in Gmail and use them to log emails and create reports and records. You can also access email templates in Salesforce while still on Gmail. But you might ask, how does Gmail sync work with Salesforce? Here are the steps to follow:

Step one: Sign in to Salesforce

Sign in to Salesforce. Check the Gear icon and click on it. On the menu that opens, click Setup. Type Gmail Integration and Sync in the Quick Find Box and click on it.

Step two: Sign in to Gmail

Now sign in to your Gmail account. Check the icon showing Log in to Salesforce and click on it. A menu will open where you can log in with your Salesforce username and password. You now have access to all your Gmail data in Salesforce and vice versa. You must make sure that the Enable Enhanced Email with Gmail icon is enabled.

It will allow your sales team to create content, add attachments, and access all data in both tools. You can now customize the tools to provide various permissions to your teams. You can Improve Gmail-Salesforce functionality by adding the Salesforce Gmail plugin from https://revenuegrid.com/. It helps keep your CRM updated and captures all sales activities automatically.

Office laptop work image 89348349834

Office laptop work image 89348349834

What do you get from Salesforce and Gmail sync?

One of the pain points that sales reps experience is having to manually update Salesforce data daily. It impacts negatively on their productivity and could lead to talented sales reps leaving your company. Salesforce Gmail sync revolutionizes your sales cycle in different ways.

  • Improves sales team productivity: Sales teams spend a lot of time updating the CRM, but integration eliminates manual work. It automates activities and thus improves sales team productivity.
  • Improves visibility of sales cycles: When all updating is done manually, about 40% of sales data is never updated in Salesforce. Due to this, sales teams do not get clear visibility of the sales cycle and thus miss opportunities. Syncing allows automation and increases visibility.
  • Removes errors and redundancy: Manual processes are prone to errors and redundancy. It causes a compromise of data quality and increases the chances of duplicated or missing data. Syncing ensures there are no errors or redundancy in data.
  • Improved communication and data value: Syncing integrates email with salesforce data where the sales team can view customer information in one place. The team communicates with customers on time. The company gets more data value when sales teams leverage data to make sales decisions.

Pros & cons of Salesforce and Gmail sync

Your sales team reaps various benefits after syncing Gmail with Salesforce, but it is necessary to look into the challenges too.


  • It becomes possible to auto-log various tasks, emails, and telephone calls in Salesforce. Your sales team no longer needs to spend too much time logging.
  • Sales teams get access to view contacts and gain insights from accounts which improves communication.
  • Your team of sales reps improves productivity
  • Elimination of errors and redundancy


  • Possibility of data threats and attacks through CRM or Gmail
  • Everyone with access permission can view data from different teams, which reduces privacy
  • Users might experience syncing errors such as login or Salesforce failing to work.


Salesforce can sync with Gmail to create a more functional platform. The process completes within a few minutes, and sales teams benefit from a centralized view of communication and data. It eliminates errors and keeps all data updated. Sales teams Improve productivity, collaboration, and visibility of sales cycles.

Sun, 29 Jan 2023 09:59:00 -0600 en-US text/html https://www.androidheadlines.com/2023/01/gmail-sync-with-salesforce-how-does-it-work.html
Killexams : Salesforce engineers are about to be hit with new performance metrics, while some salespeople are being pressured to quit
  • Some Salesforce employees have been offered a "Prompt Exit Package" instead of a layoff, with less severance.
  • If they refuse, they will put on a PIP, sources say, a common step before termination in the industry.
  • Employees say the company is ratcheting up performance expectations as activist investors invade.

Salesforce has increased performance pressure on some employees as it executes its plan to reduce its workforce by 10%, multiple current and former employees tell Insider. Workers aren't sure if performance-related terminations are part of that 10%, they say.

The company is planning to introduce new performance metrics for engineers and has already forced some salespeople to choose between a 30-day performance improvement plan (PIP) or a severance option called a "Prompt Exit Package," according to several current and former Salesforce employees. PIPs are commonly used in the tech industry as a step prior to firing someone. The PEP, on the other hand, is basically voluntarily quitting, but Salesforce offers two months of severance with it, according to an email viewed by Insider. 

"The company is pushing hard for productivity tracking and metrics on all facets," one employee told Insider. 

"Performance pressure and return to office became big themes," a former employee, who was laid off from Salesforce in February, said of their last few months with the company. 

One new metric Salesforce is planning to use to evaluate engineer productivity, the person said, is code check-ins, a controversial practice some say incentivizes quantity over quality and reduces trust between teams. A code check-in is when a developer makes a set of changes to a codebase.

The heightened focus on performance comes as the software giant works to shed 10% of its workforce, or some 7,000 people, after a two-year hiring spree. Salesforce increased its workforce from 57,000 to 73,000 in 2021, according to its annual report. 

The company notified some employees on January 4 that their jobs were being eliminated, and sent another round of notifications on February 2. Insider has reported that more than 4,000 people have likely been laid off so far, but Salesforce has not confirmed how many more employees it has actually cut, leaving its remaining workforce anxious for their jobs. 

Meanwhile, activist investors have been mobbing Salesforce, which has seen its market value shrink in half since its peak in 2021. Five such investors have revealed significant stakes since October, including Starboard Value and the feared Elliott Management, which is said to be mounting an effort to replace some board members, Reuters reports. Other activist investors include Mason Morfit's ValueAct, Jeff Ubben's Inclusive Capital, and Dan Loeb's Third Point Capital LLC, which just last week disclosed a stake. 

Activist investors typically want their targets to trim expenses and focus on more profitable businesses, rather than pursuing growth at all costs. Starboard first approached Salesforce this summer, spoke with some of its executives and pushed for cost-cutting measures. Salesforce cut a few hundred salespeople in November, a person familiar with the matter told Insider, and the company told Insider the cuts were made for "accountability," implying that performance was a consideration.

Employees worry that so much activist attention will result in more performance pressure or further layoffs which, insiders say, the company has already contemplated. Sources say there's been internal talk on whether to cut an additional 10% of staff later this year.

One Slack message sent by an employee after the first round of layoffs in January said that Salesforce has a goal to reach 25% operating margin by the 2026 fiscal year and asked execs at the time if the target was a factor in layoffs.

Meanwhile CEO Marc Benioff has also repeatedly mentioned productivity to employees when discussing the cuts. "We don't have the same level of performance and productivity that we had in 2020 before the pandemic. We do not," he said during an all-hands meeting in January after the first notices went out.

Getty Images

Less severance than those laid off

Workers who spoke to Insider are concerned that the company's increased focus on performance could mean more people will be targeted for a PEP, leaving them with less severance than their colleagues who were simply laid off.

Laid-off workers will be offered a minimum severance of five month's pay and possibly more based on tenure as well as other benefits like company-sponsored COBRA, Benioff wrote in a January email to employees announcing the restructuring.

But employees who have been targeted for a PEP are offered eight weeks of severance and company-sponsored healthcare benefits under COBRA. 

Employees are given two business days to elect the PEP option, according to an internal email viewed by Insider. If they don't choose the PEP, employees will then be allowed to view the 30-day PIP plan, which they then have to start within 3 days of declining the PEP offer. 

Around Thanksgiving, the company offered some sales employees who had been deemed underperforming in certain areas, such as annual contract value and pipeline generation, the option to start a 30-day PIP or accept the PEP and immediately leave the company. In some cases, the company has presented employees with PEP offers in the same week it has executed mass layoffs, employees told Insider.

Four Salesforce employees who spoke to Insider, including two who had been offered a PEP, said the option to choose between PEP or PIP feels like a way of pushing employees out of their jobs. 

"It's a shady optics play," said one person who was given a PIP or PEP offer last month. "From an outside perspective, it looks like these people quit."

They also said they felt like Salesforce had set some salespeople up to fail, saying the company expected them to hit unachievable quotas that bested their results during a pandemic-fueled boom for cloud software, even though the economy is weakening and post-pandemic demand is waning. 

"The markets we all work in are only so big," a recently laid-off Salesforce sales executive said.

It is unclear how many engineering employees have been affected by the new performance management system, or if PEP offers are being made outside of sales teams.

Salesforce is launching its net zero marketplace, a carbon credit trading platform.
Rafael Henrique/SOPA Images/LightRocket via Getty Images

Changing a hard-to-fire culture

A former Salesforce executive who left the company in accurate months told Insider that a push to accelerate the company's PIP system began in the fall. A common complaint held by Salesforce managers over the last decade has been that the system made it too difficult to fire underperforming employees, even if they were regularly labeled as such despite multiple changes in managers or roles.

The new performance management system implemented in the fall was designed to address those complaints, the former executive said, noting that it was "literally impossible" to manage anyone out of the company, including legitimately 'terrible' performers. 

"This is a classic enterprise performance improvement plan, but faster," they said of the company's new system. 

The sales employees who spoke to Insider say that plan has not worked out in practice, and has left the door open for colleagues they consider to be strong performers to be pushed out of the company. 

Salesforce did not respond to a request for comment.

Are you a Salesforce employee or do you have insight to share? Contact Ashley Stewart by sending a secure message from a nonwork device via Signal (+1-425-344-8242) or via email (astewart@insider.com). Contact Ellen Thomas via email ( or send a secure message from a nonwork device on Signal: (+1-646-847-9416).

Mon, 13 Feb 2023 10:00:00 -0600 en-US text/html https://www.businessinsider.com/salesforce-employee-performance-metrics-less-severance-layoffs-2023-2
Killexams : Pimly Launches The Product Cloud, the First Salesforce-native Product Information Management Platform

Startup has raised $5M to eliminate data silos by enabling Salesforce to be the source of truth for product information

CHICAGO, Feb. 7, 2023 /PRNewswire/ -- Pimly, the first ever Product Cloud, makes Salesforce the source of truth for critical product information allowing employees, prospects, partners and customers to become experts on product information.


Mike Milburn left his role as Chief Customer Officer working for Marc Benioff at Salesforce and teamed up with veteran Salesforce architect and entrepreneur, founder of Etherios and Aleysian, Mike Dannenfeldt to re-define Product Information Management. The platform is now live and generally available in the Salesforce AppExchange.

"Most Product Information Management (PIM) tools on the market introduce yet another data silo into an organization that only a small number of employees access," notes co-Founder Mike Dannenfeldt. "By bringing a 360-degree view of product information into Salesforce CRM, Pimly solves the data silo problem and distributes always-on, always-accurate product information to all company stakeholders that drive results."

"At Salesforce, we disrupted the global Customer and Field Service Industries, and we are doing it again with Pimly," says Mike Milburn. "Salesforce is an incredible platform, since Pimly is built on core, (Sales Cloud, Service Cloud, Lightning Commerce, Order Management, etc.) every user can get the benefits of Pimly with clicks not code."

Pimly's mission to build the next great B2B SaaS company, headquartered in Chicago, has been so enthusiastically received that Pimly completed a $5M seed round led by Mike Fitzgerald and High Alpha. Other investors in the round include Hyde Park Angels (HPA), Handshake Ventures, and Dan Dal Degan (CEO of SpringCM and former Salesforce EVP Sales).

Mike Fitzgerald, Partner at High Alpha shared, "Mike and Mike are proven business builders who have spent years laying the foundation for this business. Their vision for Pimly is grounded in experience serving sophisticated customers throughout the Salesforce ecosystem who need a new solution for managing product information. We are thrilled to lead the investment and support the team."

"Pimly has an exceptional team that is disrupting a fast growing and dynamic market," said Erik Severinghaus, the HPA deal lead. "I couldn't be more excited to be partnering with them to transform how customers interact with products digitally."

The financing will enable Pimly to drive further growth in the Go-to-Market and Product Teams. Pimly will advance its technology in the Sales, Service, Commerce and Industry Salesforce Clouds to deliver customer success.

Seedbox Solution, an innovator in the agricultural packaging industry chose Pimly for its first Product Information Management System. Joe Waldman, Director of Growth for Seedbox Solution said, "We standardized our CRM on Salesforce and needed to enable our Sales and Services teams on our products. Pimly provides a simple way to unify all our product information including images, videos, technical specifications and installation information into one system. The DNA of Seedbox is our breadth of seed packaging products. Pimly furthers our commitment to our customers by having this data accessible to every employee 24x7."

About Pimly

Pimly is a modern Product Information Management solution that brings all of your product information into Salesforce to easily manage and utilize product data and digital assets across your Salesforce clouds. Now you can create world-class customer experiences because every client-facing team member sees the same, accurate information. Visit pimly.co for more information or go to Pimly on the Salesforce AppExchange to get started now.

About High Alpha

High Alpha is a leading venture studio that conceives, launches and scales next-generation B2B SaaS companies. Founded in 2015 by tech veterans Scott Dorsey, Eric Tobias, Mike Fitzgerald and Kristian Andersen, the Indianapolis-based firm pioneered the venture studio model. To date High Alpha has raised $250M across three funds from leading enterprise software investors and has launched and invested in more than 70 startups, including Lessonly, Socio, Attentive, SalesLoft, Zylo, Terminus, The Mom Project, Rheaply, LogicGate, MetaCX, Mandolin, project44 and more. For more information, visit highalpha.com or follow on Twitter @highalpha.

About HPA

HPA is a leading early-stage investor. Our People First model leverages world-class operating expertise, a powerful business network, and venture capital to fuel startup success. As a result, our founders transform their businesses into industry leaders, our investors generate best-in-class returns, and our community experiences job creation and economic growth.

Contact: Erica Lanyon, Pimly
Phone: 512.785.9018
Email: elanyon@pimly.co


View original content to download multimedia:https://www.prnewswire.com/news-releases/pimly-launches-the-product-cloud-the-first-salesforce-native-product-information-management-platform-301739734.html


Mon, 06 Feb 2023 23:20:00 -0600 en-US text/html https://www.yahoo.com/now/pimly-launches-product-cloud-first-131700156.html
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