ExamGecko
Question list
Search
Search

Question 29 - 700-805 discussion

Report
Export

Which action should a Renewals Manager take first?

A.

Assign an RS to priority accounts

Answers
A.

Assign an RS to priority accounts

B.

Meet and confirm the AM, CSS, CSM and their resources

Answers
B.

Meet and confirm the AM, CSS, CSM and their resources

C.

Meet the customer and perform a renewals diagnosis

Answers
C.

Meet the customer and perform a renewals diagnosis

D.

Download contract data and develop a renewals strategy

Answers
D.

Download contract data and develop a renewals strategy

Suggested answer: D

Explanation:

the first action that a Renewals Manager should take is to download contract data and develop a renewals strategy, which involves:

Using tools such as TPV, icebreaker, or CCW-R to access and analyze contract data

Segmenting contracts based on their size, complexity, expiration date, product coverage, etc.

Defining objectives, actions, timelines, and resources for each segment

Aligning with the account team on the renewals strategy and value proposition

asked 11/10/2024
Talal Elemam
51 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first