What is a Deal ID?
A Deal ID is a unique identifier used to identify a deal within a company or organization. It is typically assigned when a deal is created and is used to track the progress of the deal throughout its lifecycle. The Deal ID is often used to identify the deal in reports and documents, as well as to link related documents or records.
How Does a Deal ID Work?
A Deal ID is typically assigned when a deal is created. It is usually generated by the system and is unique to the deal. The Deal ID may contain information such as the date and time the deal was created, the type of deal, and the company involved. This information is used to track the progress of the deal throughout its lifecycle.
Examples of Deal IDs
Below are some examples of Deal IDs:
- ABC-123-2020-01-01
- XYZ-456-2021-02-02
- 123-ABC-2022-03-03
In the examples above, the first 3 characters represent the company code, the next 3 characters represent the deal type, the next 4 characters represent the year, the next 2 characters represent the month, and the last 2 characters represent the day.
Benefits of Using a Deal ID
Using a Deal ID has several benefits, including:
- It helps to accurately track the progress of a deal.
- It allows for quick and easy retrieval of relevant information.
- It helps to link related documents and records.
- It helps to prevent data entry errors.
Conclusion
Deal IDs are an important tool for tracking deals and ensuring accuracy throughout the lifecycle of a deal. They are used to identify deals in reports and documents, as well as to link related documents and records. They can also help to prevent data entry errors and provide quick and easy retrieval of relevant information.References:
- https://www.salesforce.com/blog/2015/03/what-is-deal-id.html
- https://www.redhat.com/en/blog/what-deal-id-and-how-it-used
- https://www.g2.com/products/hubspot-crm/reviews/deal-id