Best Deal Management software in 2023

How Can I Define Deal Management?

The process of managing deals includes a set of best practices for carrying out transaction processes and defining agreement specifications. Customers’ past experiences, operational limitations, team members’ assigned tasks, the current state of the product, and other factors are all examples of such variables.

A transaction’s lifecycle may be mapped out from the first contact to the final closing with the help of deal management software.

Why Deal Management Is Worth It

Several positive outcomes may be attained via deal management.

  • Develop and stick to a consistent tone throughout the whole sales process.
  • Construct reliable revenue projections.
  • Gain a deeper appreciation for the requirements of your prospects and clients.
  • Go to where your prospects are.
  • Figure out which potential agreements have the highest success rate.
  • Save time in the sales cycle by automating routine sales operations.
  • Achieve optimal income by giving top priority to critical transactions.
  • Increase coordination and cooperation in the sales force.
  • Take charge of your sales pipeline and keep it healthy at all times.

Deal Management Software

Organization, tracking, analysis, and prioritization of your negotiations are the primary functions of deal management software. As a bonus, they facilitate precise forecasting, transaction prioritization, and enhanced team cooperation by automating a number of the manual tasks involved in deal management.

Methods for Establishing a Successful System of Deal Management

One of the best ways to implement deal management is with the help of deal management software; by using such a tool, your team’s deal management process will become more accurate and efficient, allowing sales representatives to spend less time on administrative tasks and more time with leads and customers.

Five deal management software choices are shown below.

1. Office24by7

Office24by7 Provides an Overview: Just check your dashboard to see what agreements are where. Office24by7’s sales CRM lets you see how much money is at stake in each contract. If you want your salespeople to prioritize transactions, tell them to focus on the most profitable or easiest ones.

Sales Objectives: Sales CRMscan set and track quotas for salespeople. Sell or close. After setting the time, start tracking. Simple. You’ll also gain insights into popular items, promising new markets, and other useful data.

Easy Filtration: Contact management software filters contacts by standard fields. Apply name, business, interest, and other filters to your contact list. Contact ownership adds filtering. Locate every query instance to improve search results. Contacts can be sorted.

Automation should streamline follow-up: Your agent’s follow-up is not guaranteed. Schedule marketing-related emails. For your convenience, we’ve automated all follow-ups. Office24by7 can customize each follow-up.

Data Analytics: Office24by7 lets you focus on important transactions instead of worrying about missed ones. Our sales CRM provides data to help you focus and allocate resources. This lets you maximize any offer.

2. Deal Tracking Software from HubSpot

Deals may be created mechanically in response to contact activity that shows revenue potential. Automate your deal management by setting up triggers to be notified when specific actions are taken by prospects and creating playbooks.

HubSpot also makes it easy to record, monitor, and report on your customers’ activities throughout the whole sales cycle. Deal metrics and performance that are most important to you may be tracked through reports that you create.


Offering features including lead and pipeline management, sales order monitoring, and lead handoff, is a sales and transaction management tool. It doesn’t need a programmer to modify the system to fit your specific sales process and pipeline.

Using a centralized dashboard, you can monitor the status of each offer in your sales funnel and assign higher priority to those prospects that look to be closer to a successful closure (or at risk of churning).

A reporting dashboard and monthly goals make it simple to see how many transactions are in each step of the buyer’s journey, which representatives are working on which prospects, and other crucial data for your sales organization.

4. Zoho

When it comes to handling transactions across several regions and sales hierarchies, Zoho is a CRM that you have covered. You can see the status of your negotiations in a matter of seconds by seeing all relevant information in one convenient location, depending on the stage your deals are at.

In addition, you may tailor your sales funnels to fit the unique needs of each of your goods and services. You may prioritize transactions based on their potential for conversion with the aid of Zia, Zoho’s AI-powered sales forecasting tool.

5. Freshworks

Freshworks is customer relationship management (CRM) and deal management (DM) software for sales teams. Deal insights based on artificial intelligence inform salespeople which leads to focus in order to maximize the likelihood of a sale.

Freshworks streamlines the sales process by automatically creating deals and allowing you to drag & drop them inside a visual sales funnel. You may use the pipeline’s funnel view to categorize your offers and assign them specific tags for easy tracking of progress.

You may make modifications based on realistic income projections and predictions from Freshworks, as well as an analysis of why you’re losing sales. Finally, make deal administration easier by developing separate pipelines for each of your items and market segments.

Wrapping It Up

If your brand is looking to invest in a reliable deal management software, then Office24by7can be the one. Contact us on +91 7097171717 for more details.

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