Contract flexibility options to discuss with your team | CS Leadership Office Hours

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This is a podcast episode titled, Contract flexibility options to discuss with your team | CS Leadership Office Hours. The summary for this episode is: <p>In Session 2 of our CS Leadership Office Hours, we shifted away from a panelist and more Into group discussion to get free-flowing Ideas.&nbsp; Here's a quick hit recap: <br><br><em>Contract Flexibility</em></p><ul><li>Levers available when talking with clients about account freezes or pricing reduction requests:<ul><li>Contract Term Length</li><li>Discounts and Free Services</li><li>Evaluating Pricing Structure</li></ul></li><li>Some objectivity during this time is still warranted as you enter contract negotiations.&nbsp; Looking at their industry, product usage data, and other analytic sources can help you understand if your customer truly needs you to be flexible for them, or they are taking advantage of the situation.</li><li>Most people are currently providing free services for a short amount of time, as long as they are able to lock in a full-term contract on the tail end of the free period.</li><li>Ensuring that team members are empowered with the necessary information for challenging contract discussion with clients is key.&nbsp; Investing in a dashboard that aggregates this data for them now will continue to be hugely beneficial once we are back to business as usual.</li><li>For organizations whose customers are in an industry that is heavily affected by these times, revenue will absolutely be reduced as customers are unable to pay.&nbsp; Consider working with them for a defined time, as it is better to retain the customer in the long term if the revenue is going to be leaving in the interim regardless of what action you take.<br><br></li></ul><p>--<br>If you'd like to join CS Leadership Office Hours, sign up here: <br><a href="https://tiny.cc/csofficehours">https://tiny.cc/csofficehours</a><br><br>--<br>This podcast is brought to you by Jay Nathan and Jeff Breunsbach of Customer Imperative, where we help B2B SaaS organizations build growth &amp; retention strategies. Learn more at <a href="https://customerimperative.com/">https://customerimperative.com/</a><br><br>Jay Nathan: <a href="https://www.linkedin.com/in/jaynathan/">https://www.linkedin.com/in/jaynathan/</a><br>Jeff Breunsbach: <a href="https://www.linkedin.com/in/jeffreybreunsbach">https://www.linkedin.com/in/jeffreybreunsbach</a>&nbsp;</p>

DESCRIPTION

In Session 2 of our CS Leadership Office Hours, we shifted away from a panelist and more Into group discussion to get free-flowing Ideas.  Here's a quick hit recap:

Contract Flexibility

  • Levers available when talking with clients about account freezes or pricing reduction requests:
    • Contract Term Length
    • Discounts and Free Services
    • Evaluating Pricing Structure
  • Some objectivity during this time is still warranted as you enter contract negotiations.  Looking at their industry, product usage data, and other analytic sources can help you understand if your customer truly needs you to be flexible for them, or they are taking advantage of the situation.
  • Most people are currently providing free services for a short amount of time, as long as they are able to lock in a full-term contract on the tail end of the free period.
  • Ensuring that team members are empowered with the necessary information for challenging contract discussion with clients is key.  Investing in a dashboard that aggregates this data for them now will continue to be hugely beneficial once we are back to business as usual.
  • For organizations whose customers are in an industry that is heavily affected by these times, revenue will absolutely be reduced as customers are unable to pay.  Consider working with them for a defined time, as it is better to retain the customer in the long term if the revenue is going to be leaving in the interim regardless of what action you take.

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If you'd like to join CS Leadership Office Hours, sign up here:
https://tiny.cc/csofficehours

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This podcast is brought to you by Jay Nathan and Jeff Breunsbach of Customer Imperative, where we help B2B SaaS organizations build growth & retention strategies. Learn more at https://customerimperative.com/

Jay Nathan: https://www.linkedin.com/in/jaynathan/
Jeff Breunsbach: https://www.linkedin.com/in/jeffreybreunsbach