DESKTOP-BASED 700-805 PRACTICE EXAM SOFTWARE - MIMICS THE REAL CISCO EXAM ENVIRONMENT

Desktop-Based 700-805 Practice Exam Software - Mimics the Real Cisco Exam Environment

Desktop-Based 700-805 Practice Exam Software - Mimics the Real Cisco Exam Environment

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100% Pass 2025 Cisco 700-805: Cisco Renewals Manager Valid Braindumps Ppt

PDFDumps provides numerous extra features to help you succeed on the 700-805 exam, in addition to the Cisco 700-805 exam questions in PDF format and online practice test engine. These include 100% real questions and accurate answers, 1 year of free updates, a free demo of the Cisco 700-805 Exam Questions, a money-back guarantee in the event of failure, and a 20% discount. PDFDumps is the ideal alternative for your Cisco Renewals Manager (700-805) test preparation because it combines all of these elements.

Cisco 700-805 Certification Exam is an essential credential for professionals who work with Cisco Renewals Manager. It validates the candidate's skills and knowledge of the tool, Cisco's product and service offerings, and their ability to communicate effectively with customers and partners. Earning this certification demonstrates a commitment to professional growth and a dedication to providing excellent customer service.

Cisco Renewals Manager Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which service offering helps define the IT vision and strategy of the customer?

  • A. training
  • B. optimization
  • C. support
  • D. advisory

Answer: D

Explanation:
According to the Cisco website1, advisory services from Cisco and their partners provide expert guidance and data-driven insights to help customers architect and optimize their IT environment. Advisory services can help customers with:
* IT strategy and planning
* Business and technology alignment
* IT governance and operating models
* IT transformation and innovation
* IT performance and optimization
References: 1: Services - Cisco


NEW QUESTION # 51
Which service offering helps define the IT vision and strategy of the customer?

  • A. training
  • B. optimization
  • C. support
  • D. advisory

Answer: D

Explanation:
According to the Cisco website1, advisory services from Cisco and their partners provide expert guidance and data-driven insights to help customers architect and optimize their IT environment. Advisory services can help customers with:
IT strategy and planning
Business and technology alignment
IT governance and operating models
IT transformation and innovation
IT performance and optimization


NEW QUESTION # 52
Which action can a Renewals Manager take to drive value in the account?

  • A. Removing adopt on barriers.
  • B. Def ne the account forecast.
  • C. Manage and mitigate renewal risk.
  • D. Align partners on training.

Answer: C

Explanation:
An action that a Renewals Manager can take to drive value in the account is to manage and mitigate renewal risk. Renewal risk is the possibility that a customer will not renew their contract with Cisco at the end of their term, resulting in revenue loss and customer churn. Renewal risk can be caused by various factors, such as low adoption, poor satisfaction, lack of value realization, competitive pressure, budget constraints, or organizational changes. A Renewals Manager can manage and mitigate renewal risk by:
Identifying and prioritizing the accounts that have the highest risk of non-renewal, using data and tools such as ATR (Annualized Total Revenue), ARR (Annual Recurring Revenue), iARR (Incremental Annual Recurring Revenue), TPV (Total Partner Value), icebreaker (a tool that provides insights into new and unique business prospects), and Adopt on Scores (a tool that provides insight into how well customers are utilizing service and software they purchase from Cisco).
Developing and executing a risk mitigation plan for each high-risk account, involving actions such as engaging with the customer, understanding their needs and challenges, demonstrating value and ROI, addressing any issues or concerns, proposing improvements or enhancements, offering incentives or discounts, or leveraging partners or references.
Monitoring and tracking the progress and results of the risk mitigation plan, using data and tools such as CCW-R (Cisco Commerce Software Subscriptions and Services), which is a tool that allows customers and partners to quote, order, and manage their service contracts and software subscriptions from one place; and Customer Success Plan, which is a document that captures the account team's strategy and actions to achieve customer success.
Collaborating with other account team members, such as Customer Success Managers, Account Executives, or Sales Engineers, to align on the renewal strategy, share information and insights, coordinate activities and touchpoints, and deliver a consistent and positive customer experience.
By managing and mitigating renewal risk, a Renewals Manager can drive value in the account by increasing the chances of a successful renewal, retaining customers and revenue, enhancing customer satisfaction and loyalty, and creating opportunities for upsell or cross-sell.


NEW QUESTION # 53
What does iarr measure?

  • A. Our ability to expand upon existing customer value
  • B. Our ability to internally align renewable resources
  • C. Our ability to increase renewal rates through pricing controls
  • D. Our ability to monitor product utilization,and financial growth collectively

Answer: A


NEW QUESTION # 54
Which area of the Success Plan is the Renewal Manager responsible?

  • A. Adoption Barriers Overcome
  • B. Barriers Predicted
  • C. Solution Renewal
  • D. Success Plan Hypothesis

Answer: C

Explanation:
The area of the Success Plan that the Renewal Manager is responsible for is Solution Renewal. The Success Plan is a document that captures the account team's strategy and actions to achieve customer success. It defines the customer's desired outcomes, identifies the potential barriers and risks, outlines the key milestones and deliverables, and assigns roles and responsibilities to the account team members. The Solution Renewal area of the Success Plan covers the activities related to renewing the customer's contract, such as reviewing the current solution, assessing the customer's satisfaction and value realization, proposing any improvements or enhancements, negotiating the terms and conditions, and executing the renewal agreement. The Renewal Manager is in charge of leading and managing the Solution Renewal area of the Success Plan, as well as collaborating with other account team members, such as Customer Success Managers, Account Executives, or Sales Engineers.


NEW QUESTION # 55
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