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820-605 · Question #22

A customer's renewal is due in the next 6 months. Analytical data has been provided to the Customer Success Manager that shows customer usage over the last 12 months. Which two additional pieces of…

The correct answer is C. detailed contract inventory D. questions to validate the interpreted analytical data. Prior to a renewal meeting, a Customer Success Manager needs a detailed contract inventory to understand current terms and prepared questions to validate customer usage analytical data.

Customer Lifecycle Management

Question

A customer's renewal is due in the next 6 months. Analytical data has been provided to the Customer Success Manager that shows customer usage over the last 12 months. Which two additional pieces of information are important prior to a meeting with the customer to discuss their adoption journey prior to the renewal? (Choose two.)

Options

  • Acustomer annual report and quarterly business reviews
  • Bsales account plan
  • Cdetailed contract inventory
  • Dquestions to validate the interpreted analytical data
  • Esupport tickets reports and diagnostic information

How the community answered

(40 responses)
  • A
    8% (3)
  • B
    5% (2)
  • C
    85% (34)
  • E
    3% (1)

Why each option

Prior to a renewal meeting, a Customer Success Manager needs a detailed contract inventory to understand current terms and prepared questions to validate customer usage analytical data.

Acustomer annual report and quarterly business reviews

While annual reports and QBRs provide high-level context, they may not offer the granular detail needed for a specific adoption and renewal discussion about a particular product or service.

Bsales account plan

The sales account plan is valuable for understanding long-term strategy, but for a specific renewal discussion, detailed contractual and usage validation information is more immediately pertinent.

Cdetailed contract inventoryCorrect

A detailed contract inventory is essential to understand the current services, terms, and entitlements the customer has, which directly informs renewal discussions and potential upsell or downsell strategies.

Dquestions to validate the interpreted analytical dataCorrect

Analytical data provides insights into usage, but preparing questions to validate that data ensures the CSM understands the 'why' behind usage patterns and can address any discrepancies or misinterpretations with the customer. This enables a more informed discussion about adoption and value.

Esupport tickets reports and diagnostic information

While support tickets and diagnostic information are relevant for understanding issues, the question focuses on the adoption journey and renewal, making contract details and data validation more critical for this specific meeting.

Concept tested: Customer Success- renewal preparation

Topics

#customer renewal#adoption journey#data analysis#contract management

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