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Cisco 700-805 certification exam is designed to validate the skills and knowledge required to manage Cisco product renewals effectively. Cisco Renewals Manager certification is suitable for professionals who work in sales, customer service, and technical support roles and want to advance their careers in this field. 700-805 Exam covers various topics related to Cisco product renewals management, and candidates need to pass the exam to become certified.

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Cisco Renewals Manager Sample Questions (Q92-Q97):

NEW QUESTION # 92
Which task is the responsibility of the renewals manager?

A. Driving adoption of specific technologies
B. Managing the success plan
C. Billing recurring revenue contracts
D. Managing recurring revenue risk

Answer: D

NEW QUESTION # 93
A customer has many a la carte Enterprise Networking licenses and many Webex users. The customer wants to grow both groups and needs a compelling and simplified proposal. Which Cisco offer should be suggested to the customer?

A. propose to migrate to a perpetual model
B. prepare a partner-branded managed service deal
C. provide a discount for Enterprise Networking and Webex licenses
D. position an Enterprise Agreement

Answer: D

NEW QUESTION # 94
What is the Cisco Services Partner Program (CSPP) objective?

A. allows the partner to focus on recurring revenue while earning performance-based incentives C eliminates all barriers throughout the customer lifecycle
B. trains partners to develop and sell their own independent services without any backing from Cisco
C. maximizes Cisco's profits by requiring partners to sell only Cisco-branded services

Answer: A

NEW QUESTION # 95
Who do renewals managers (rms) work with?

A. Rms work by themselves to develop a high level view customer requirements and objectives.
B. Rms work with pre-sales engineers and build customer solutions.
C. Rms work with account managers to drive ongoing revenue risk assessments and plays.
D. Rms work with service delivery teams and monitor engagements.

Answer: C

NEW QUESTION # 96
Which action should a Renewals Manager take first?

A. Download contract data and develop a renewals strategy
B. Assign an RS to priority accounts
C. Meet the customer and perform a renewals diagnosis
D. Meet and confirm the AM, CSS, CSM and their resources

Answer: A

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

NEW QUESTION # 97
......

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