BoostUp.ai Launched Groundbreaking Multi-Dimensional Forecasting for Next-Gen Revenue Models

On 7th August 2024, BoostUp.ai, a leading provider of revenue operations and intelligence solutions, unveiled its revolutionary Multi-Dimensional Forecasting (MDF) feature, marking a significant milestone in the industry. This innovative capability is designed to cater to new-generation revenue models, including consumption-based, product-led growth, as well as renewals and expansions. With MDF, Chief Revenue Officers (CROs) and Revenue Operations (RevOps) leaders can now produce more accurate forecasts and streamline operations within complex revenue ecosystems.

The limitations of traditional forecasting tools have become increasingly apparent as modern businesses diversify their revenue streams beyond standard sales-driven opportunities. These older tools, which depend heavily on manual inputs and CRM data, often fall short in addressing the complexities of today’s revenue environments. BoostUp’s solution, however, integrates seamlessly with all core revenue technologies, encompassing customer success platforms, product usage analytics, and resource monitoring systems. This integration allows revenue teams to adjust forecasts based on various parameters such as sales teams, accounts, or specific product SKUs. Moreover, BoostUp leverages its AI-driven platform to generate “machine forecasts” that have been shown to outperform traditional forecasts by up to 25%.

MongoDB, a global leader in database technology, utilizes BoostUp’s MDF to forecast its consumption-based revenue streams. Meghan Gill, Senior Vice President of Sales Operations at MongoDB, commented, “Our forecasting needs are complex. We have to combine actual usage data with future consumption projections from over a thousand salespeople worldwide. BoostUp is the only solution we found that offers the flexibility and performance necessary to efficiently consolidate our forecasts. It has become a vital part of our RevOps infrastructure.”

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Justin Shriber, CEO of BoostUp, emphasized the importance of this innovation: “Over the past decade, companies have evolved in how they monetize their products and services. Unfortunately, traditional technologies have lagged behind these advancements. BoostUp’s Multi-Dimensional Forecasting equips companies with the flexibility and agility required to manage these new revenue streams.”

Moreover, BoostUp’s MDF offers the quickest time to value in the industry. Deployment time can be reduced to just three days, thanks to BoostUp’s ability to automatically inherit configuration properties from existing revenue systems and its user-friendly self-serve configuration tools, which simplify ongoing adjustments.

This rapid deployment is made possible by BoostUp’s adaptable data architecture, which is powered by MongoDB’s database. Amit Sasturkar, BoostUp’s Chief Technology Officer, explained, “Customizing and deploying multi-dimensional forecasting for our clients demands precise modeling of their underlying schema and data objects. MongoDB is our primary database, and its flexibility and performance enable us to accommodate all revenue models and customer types with ease.”