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700-805 · Question #1

Which action should a Renewals Manager take to drive value in the account?

The correct answer is C. manage and mitigate renewal risk. Managing and mitigating renewal risk is the core function of a Renewals Manager - their primary accountability is ensuring accounts renew successfully, which requires identifying threats to renewal early and taking action to address them. Aligning partners on training (A) is…

Customer Success Foundation

Question

Which action should a Renewals Manager take to drive value in the account?

Options

  • Aalign partners on training
  • Bdefine the account forecast
  • Cmanage and mitigate renewal risk
  • Dremoving adoption barriers

How the community answered

(39 responses)
  • A
    3% (1)
  • B
    8% (3)
  • C
    87% (34)
  • D
    3% (1)

Explanation

Managing and mitigating renewal risk is the core function of a Renewals Manager - their primary accountability is ensuring accounts renew successfully, which requires identifying threats to renewal early and taking action to address them. Aligning partners on training (A) is more aligned with a Partner Success or Enablement role, not renewal-specific work. Defining the account forecast (B) is typically an Account Executive or Sales Manager responsibility, while a Renewals Manager consumes forecast data rather than owns it. Removing adoption barriers (D) is primarily a Customer Success Manager's function focused on product usage, not renewal risk management.

Memory tip: Think "R for Renewals = R for Risk" - a Renewals Manager's job is to protect revenue by owning the renewal risk lifecycle, not to train, forecast, or drive adoption.

Topics

#Renewal Risk Management#Account Retention#Customer Success#Value Realization

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