What is Salesforce and how does it work?
And a new technology model was born. Salesforce is the world’s #1 customer relationship management (CRM) platform. Our cloud-based, CRM applications for sales, service, marketing, and more don’t require IT experts to set up or manage—simply log in and start connecting to customers in a whole new way.
What is Salesforce customer success platform?
In October 2014, Salesforce announced the development of its Customer Success Platform to tie together Salesforce's services, including sales, service, marketing, analytics, community, and mobile apps. In October 2017, Salesforce launched a Facebook Analytics tool for business-to-business marketers.
How many customers does Salesforce have?
Salesforce.com has its services translated into 16 different languages and as of July 31, 2011, had 104,000 customers and over 2.1 million subscribers. Salesforce moved its Midwest Regional headquarters to Indianapolis in 2017. Salesforce Tower in New York City.
Does Salesforce belong in the S&P 500?
Salesforce Tower in New York City. Standard & Poor's included Salesforce, at the same time as Fastenal, into the S&P 500 Index in September 2008, following the federal takeover of Fannie Mae and Freddie Mac and their removal from the index.
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Is Salesforce accredited?
With the release of Accredited Professional credentials, Salesforce Partners now have access to over 200 courses, and exams made available exclusively in Partner Learning Camp. Each exam includes an exam guide, along with curricula to help you prepare to help you pass your Accredited Professional exam.
Is the Salesforce Admin exam hard?
How hard is a Salesforce Admin Certification exam? The pass mark is 65%, meaning quite a high level of knowledge is required to be successful in this exam. The test consists of 60 multiple-choice questions, which means you must get at least 39 correct to pass.
Is a Salesforce certification worth it?
Regardless of what role you are in, Salesforce certifications are worth it because they: Give confidence to someone putting their trust in you, be that employers or customers. Command a higher salary. Give you the confidence to go forth and configure based on a foundation of knowledge.
Which Salesforce certification is best for developer?
7 Best Salesforce Developer CertificationsSalesforce Certified Platform Developer II. ... Salesforce Certified Platform Developer I. ... Salesforce Certified Administrator (SCA) ... Salesforce Certified Sales Cloud Consultant. ... Salesforce Certified Service Cloud Consultant. ... Salesforce Certified Platform App Builder.More items...•
Are Salesforce admins in demand?
Yes, salesforce administrators are in demand. This is largely due to Salesforce becoming the number one Customer Relationship Management (CRM) platform, with a 19% share of the CRM market. This means that many roles involving expertise in Salesforce are more in demand than ever.
Is Salesforce Admin exam open book?
Salesforce Certified Administrators are required to take 3 maintenance exams per year, in order to keep their certification valid and current. It is an online and open book exam that is 30 minutes long and typically 5-10 questions, related to the current release.
Can I get a job after Salesforce certification?
There is a magical key to getting a job in Salesforce without experience, that is- “Having a certification is a qualification for Junior roles.” The junior role in Salesforce consists of 0-2 years of experience. Getting certified in Salesforce is a big step that allows you to be recognized for your skills.
Is it worth learning Salesforce in 2021?
2021 is all about creating new opportunities and regaining the lost confidence of the year gone by. Learning Salesforce will make you well-versed with one of the most dynamic CRM platforms that have helped organizations save time and money while dealing with the complicated customer database.
Is Salesforce hard to learn?
Is Salesforce easy to learn? Though Salesforce is extensive, it is not difficult to learn. If you put your mind and concentration into learning the Salesforce CRM and at the same time take up this online Salesforce Training course, you will be able to master Salesforce within weeks.
What Salesforce certification pays the most?
1. Technical Architect | $174,000. There are no surprises here – the technical architect is one of the highest-paid Salesforce jobs in the world.
What is the beginner Salesforce certification?
As a beginner, the best certification to start with is the Salesforce Administrator certification. This will give you a good base for digging deeper into salesforce either on the customer-facing side or later on for the developer side.
Can freshers learn Salesforce?
Yes, indeed Salesforce is good for freshers. With just good training you are good to go for a job, with a certification in your hand. With a Salesforce certification it becomes quite easy for you to search for jobs, as being certified helps you stand out from your peers, who have not been certified yet.
When did Salesforce buy Slack?
On December 1, 2020, it was announced that Salesforce would acquire Slack for $27.7 billion. In February 2021, Salesforce announced that CFO Mark Hawkins would be retiring from his position after six years of working for the company, retaining however a position as CFO emeritus until October.
How much revenue does Salesforce have in 2019?
For the fiscal year 2019, Salesforce reported revenue of US$13.28 billion, an increase of 26% year-over-year and 26% in constant currency. The CRM giant reported subscription and support revenues of US$12.41 billion, an increase of 27% year-over-year.
Why did Salesforce reject donations?
The not-for-profit organization Refugee and Immigrant Center for Education and Legal Services (RAICES) rejected a US$250,000 philanthropic donation from Salesforce because the company has contracts with U.S. Customs and Border Protection. The executive director of Raices, Jonathan Ryan, tweeted that "When it comes to supporting oppressive, inhumane, and illegal policies, we want to be clear: the only right action is to stop" in reference to the rejected donation. Salesforce CEO Marc Benioff responded in an official statement that the company's employees "don't work with CBP regarding separation of families. CBP is a customer & follows our TOS. We don't have an agreement with ICE. I'm Proud of the Men & Women who protect & serve our country every day & I'm Proud of our Ohana ."
What are the tabs in Salesforce?
Salesforce users can configure their CRM application. In the system, there are tabs such as "Contacts," "Reports," and "Accounts." Each tab contains associated information. Configuration can be done on each tab by adding user-defined custom fields.
What is Lightning Platform?
Lightning Platform (also known as Force.com) is a platform as a service (PaaS) that allows developers to create add-on applications that integrate into the main Salesforce.com application. These third-party applications are hosted on Salesforce.com's infrastructure.
Is Salesforce a tax avoidance company?
Tax avoidance. In December 2019, the Institute on Taxation and Economic Policy found that Salesforce was one of 91 companies who "paid an effective federal tax rate of 0% or less" in 2018, as a result of the Tax Cuts and Jobs Act of 2017.
Does Salesforce use Solaris?
The company uses the Momentum platform from Message Systems to allow its customers to send large amounts of email.
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What is Salesforce CPQ?
To ensure a smooth deployment of Salesforce CPQ, IT and SMEs should oversee the customization of the rules and options for configuring. Once deployed, CPQ should be implemented with plenty of training and support for the sales staff, who will learn to use CPQ for upselling and cross-selling. Implemented correctly, CPQ will help sales save time, increase quote accuracy, and land bigger deals.
How does CPQ help sales?
CPQ reduces wasted time. In order for sales organizations to be profitable, they need to work smarter and more efficiently. A way to do so would be to take a look at lean manufacturing principles, such as eliminating waste in the production process and applying it to sales tactics.
Why is Salesforce stock rising
Salesforce stock price has almost tripled in the last three years. In August 2017, Salesforce stock hovered around $90 per share. It recently surpassed $270 per share. Salesforce’s annual revenue, which was $10.5 billion in fiscal 2018, may reach $20.8 billion in fiscal 2021.
Salesforce Dow listing
On Monday, the S&P Dow Jones Indices announced that Salesforce would become one of its 30 components, in effect on August 31. The cloud computing company Salesforce will replace the oil and gas company Exxon Mobil.
Salesforce stock price history
In 2017, Salesforce’s stock price increased by more than 50 percent. From that point forward, Salesforce stock rose to about $135 by late 2018. In 2019, Salesforce returned about 20 percent. Salesforce reached $185 in February 2020 before pulling back sharply to as low as $130 in March 2020.
What is Salesforce's price forecast?
Currently, the consensus Salesforce stock price forecast is $265.92, which suggests about a 2.4 percent downside potential from the current level. Salesforce stock has a peak target price of $344, which suggests a 26.3 percent upside potential. The stock has a $150.00 base target price, which suggests a 44.9 percent downside potential.
The Basics of the PoC Method
Some companies need to have a way to recognize a portion of the revenue earned from a long-term contract before the project has been completed.
Competing Accounting Methods for Revenue Recognition
As mentioned, there are many revenue recognition methods that a company can choose to employ. One of the most common is the sales-based method, where the entirety of the revenue is recognized as soon as the sale is complete.
Why Use PoC?
If other revenue recognition methods, such as the sales-based and completed-contract methods, offer relative simplicity in terms of recording income, then why would someone prefer to use PoC? Although it may be slightly more complicated, there are several advantages to using PoC for certain companies. The first reason is that it tends to be a more accurate representation of the revenue earned.
Important Formulas Used in PoC Calculations
The most important factor involved in percentage-of-completion accounting is the firm’s ability to accurately estimate revenues and costs that will be recorded. That’s because the calculations rely on an estimation of the total costs that will be incurred over the life of the contract.
Potential Issues with PoC Accounting
While the PoC revenue recognition method can be extremely beneficial for many organizations, it’s not without its limitations. As mentioned, in order for the method to be successful, the company must be able to estimate revenues, costs, and the total length of time of the project.
Incorporating the PoC Method into Your Accounting
The first step to employing the percentage-of-completion method in your company is to create an honest assessment of its potential value to you. Ask yourself questions such as:
Closing Thoughts
The percentage-of-completion accounting method will help your company better align its recorded revenues with its incurred expenses. A thorough understanding of its advantages and implications will help make you a better employee, manager, or company leader.
Overview
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.
History
The company was founded in 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company. Initial funding for the company came from Larry Ellison and Halsey Minor.
In 2003, Salesforce held its first annual Dreamforce conference in San Francisco. In June 2004, the company had its initial public offering on the New York Stock Exchange under the stock symbo…
Services
Salesforce's products include several customer relationship management (CRM) technologies, including: Sales Cloud, Service Cloud, Marketing Cloud, and Commerce Cloud and Platform. Additional technologies include Slack, MuleSoft, Tableau Analytics, and Trailhead.
Salesforce's main technologies are tools for customer management. Other products enable customers to create apps, integrate data from other systems, visualize data, and offer training c…
Operations
Salesforce is headquartered in San Francisco in the Salesforce Tower. Salesforce has international offices in Hong Kong, Israel, and Sydney.
Standard & Poor's added Salesforce to the S&P 500 Index in September 2008.
According to Marc Benioff, Salesforce corporate culture is based on the concept of Ohana.
Acquisitions
Salesforce has acquired many companies throughout its history.
In 2006, Salesforce acquired Sendia, a mobile web service firm, for $15 million and Kieden, an online advertising company. In 2007, Koral, a content management service, was acquired. In 2008, Salesforce acquired Instranet for $31.5 million. In 2010, Salesforce acquired multiple companies, including Jigs…
Criticisms
In November 2007 a phishing attack compromised contact information on a number of Salesforce customers. Some customers then received phishing emails that appeared to be invoices from Salesforce. Salesforce has stated that "a phisher tricked someone into disclosing a password, but this intrusion did not stem from a security flaw in [the salesforce.com] application or database."
In 2017 at DEF CON, two security engineers were let go after giving a presentation on an internal …
Salesforce Ventures
In 2009, Salesforce began investing in startups. These investments became Salesforce Ventures, headed by John Somorjai In September 2014, SFV set up Salesforce1 Fund, aimed at start-ups creating applications primarily for mobile phones. In December 2018, Salesforce Ventures announced the launch of the Japan Trailblazer Fund, focused on Japanese startups.
In August 2018, Salesforce Ventures reported investments totaling over $1 billion in 275 compa…
See also
• Salesforce Tower
• Salesforce Tower Indianapolis
• Salesforce Marketing Cloud
• SalesforceIQ