What is a deal?

What is a deal?

Deal can be defined as a potential sale agreement or business commitment between seller and the buyer organisation/individual, in which the seller will receive monetary reward in return for the products/services he gives to the buyer. 
For example if the selling organization receives a request for quotation for 100 units of Product X, from a potential buyer; then it is a deal. The deal value will be equal to the price of 100 units of Product X is the deal value, and the person who has sent the RFQ will be logged as the contact for the deal.

    • Related Articles

    • What is the difference between reassigning and sharing?

      In reassigning the ownership of the lead/contact/deal is transferred to the new user. In sharing a lead/contact/deal the new user will be able to track all the information/updates pertaining to the lead/contact/deal and also he can perform ...

    • What is a Task?

      Task is any activity to be performed on the existing lead/deal by the sales professional. Follow-up call, reminder mail etc. are typical examples for tasks. User can login and set reminders for various sales activities by using the 'Tasks' feature in ...

    • What is the difference between basic access, administrative access and special access?

      Basic Access This type of access gives the user permission to perform specified actions on the entity records owned by the user or shared with the user.  For example, a user with permission to Update Leads can update only the leads created by him or ...

    • What is a pipeline?

      A pipeline is sequential list of stages a lead/deal goes through until they are converted or lost. Each stage in a pipeline has a probability of winning associated with it, which makes it easier for sales professionals to prioritize their prospects ...

    • What is a Lead?

      Lead is an organisation or a person who can be a potential buyer of products and services offered by the selling organisation. For example, you meet a person from a organization in an event and exchange business cards. The person might not have shown ...