Oct 12, 2018

Read Time 3 min

Steps to Proactively Manage Your Q4 Renewal Period


If you are like most B2B companies, Q4 is a busy selling season, which in turn means it also becomes a big renewal period for Customer Success teams. Because so much is on the line, Q4 can be a stressful period. But, if you’re prepared for it ahead of time, you’ll have a better chance of making things work in your favor.

Follow these seven steps to proactively manage your Q4 renewals.

(Within 90 Days Out)

  1. Conduct Your Preliminary Research – Do preliminary research before reaching out to the customer. Check their product usage, their customer health score, and NPS scores. Understand where there have been gaps in value and also where they’ve met their goals throughout the year.

 *Tip* Use data and analytics from your Customer Success Platform and/or CRM to deliver key pieces of information at scale.

  1. Email the Customer – This step is critical. You have done the research and it is now time to educate your customer on what they’ve done this year. Make things easy on yourself by setting up an email template where you can plug in big wins and major milestones that they’ve reached in their customer journey. You will also want to ask for a meeting in this email.

 * Tip* Automate this email by using dynamic content with merge fields for your contact and account attributes.

  1. Lead a Value Call – Your customer is coming to this meeting expecting you to walk them through what they’ve done this past year. Be prepared with visuals (even if just the email above). You will then want to lead the conversation into what they wish to accomplish in the coming year. This will help them think about how they’ll be using your software moving forward. Be sure to listen to what they say here, because expansion opportunities will present themselves at this time.

*Tip* Ensure all the key players are present for this meeting (department managers, executive sponsors, etc.).

(Within 60 Days Out)

  1. Acknowledge the Renewal – Send an email explaining what they can look forward to in the upcoming renewal period as your partner. Acknowledge that their renewal is coming up if you haven’t already discussed in the previous call. Detail how you’ll be helping them meet their goals as discussed and how you’ll get them there.

*Tip* Don’t hesitate to bring up the renewal early on. The more time you give yourself to work through negotiations and approvals, the better. You might also want to consider offering an incentive to encourage them to renew early.

(Within 30 Days Out)

  1. Make the Process Clear – Make the renewal process easy on your customer by making it known exactly what they need to do (if anything at all) to renew. They might renew automatically, via self-service, or by manually signing a new contract. You just have to make all the options clear and help customers choose the most appropriate renewal method for them.

*Tip* Take note of any mandatory processes on the customer side, so when the renewal period comes around next year, you already know how to navigate with the customer.

  1. Send a Friendly In-App Reminder – Send along a quick reminder to the customer of what they should expect in the coming year. It’s OK to reference upcoming releases, benefits for tenured customers, and other items you feel would add value to the customer’s partnership with you.

*Tip* Make sure the call to action is well-defined in this in-app message, explaining what you want the customer to do in regard to the renewal.  

  1. Send a Thank You – This step is so underrated and underutilized. A quick “thank you” can go miles for a customer. Reiterate that they have made a good decision with the renewal and they will be equally – if not more successful in the coming year.

*Tip* Send this thank you note by hand if/when you can, especially for your high-touch customers.

Q4 doesn’t have to be stressful. If you’ve prepared for it well and you get your efforts started early, you’ll be reaching your goals by the end of the quarter and can kick back and enjoy your holidays in peace.

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