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Here’s an Easy Way to Forecast Revenue and Make Executive Reports With Less Effort

By Team Babelprojekt | Executive | 0 comment | 3 November, 2016 | 5

If you are a CEO of a translation agency or an executive of a language department, how do you make reports and how much time does it take for you to make them? Is it something you’re getting less and less enthusiastic about as the time of a planned meeting approaches where you have to deliver a presentation to an audience? Drown in excel and several data, being fed up with excel always having a problem with the entry of a function? We have a solution for that!
Babelprojekt, the online translation management software will make your life easier should you be a translator, a proofreader, a project manager, a CEO of a translation agency or an executive of a language department. Naturally, all of these positions require different skills and consist of whole different types of daily routines, but we didn’t forget any of the people standing behind a translation agency. Therefore we also thought of executives who often have to present financial forecasts, make statistics, analyze the potentials of the projects and so on. Let’s take a look on how Babelprojekt can help you with all that!
Once the translation agency you are running or the language department you are the executive of receives an incoming project from a vendor, your project manager puts it into the system so that you can go on with it. So they add a new project: they name it, they give it the deadline, choose the curreny and the customer the translation will have to be delivered to. But there is one more important tool in this page: Project potential (%). Logically, if it is a regular customer, your project manager can add a higher value here in percentage, while speaking of a new customer they might want to be careful and rate the possibility of this project coming into realization lower.
The projects pending based on a whole bunch of different reasons can therefore also be used for making revenue forecasts – weighted by the percentage your project managers added to it. And who would know better than you how incredibly long a tender can be stuck in a phase „pending”?
What actually happens if being a user of Babelprojekt is this: you have a tool that automatically produces executive reports from the information entered by your project managers. Sick and tired of excel? You might not even need it anymore!

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