What metrics/data points have you found to be the most successful in providing the C-suite adequate insight into the customer base and its health? What are the top 3 questions you get from the C-suite on the CS organization?
You can go two ways here with respect to metrics.
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Use a metric they know and understand
Pros: They can engage with it, they have an understanding of why it may be going up or down and a sense of how they can help influence it.
Cons: It might not be the best measure of the health of the customer base or may be one of 5+ factors.
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Use something new that you feel better represents the business.
Pros: You can have confidence (if you've done your homework) that influencing this metric will drive retention and growth
Cons: It can take several months of repetition to warm up the executives to what these numbers mean and how to influence them
Frankly, I do a little of both. We have aligned the executive team on a set of metrics on which we have varying degrees of comfort and confidence. Here are a few examples
Adoption Health - defined by our data science team and shown to have a strong correlation to retention. A composite score that the executives have moderate comfort/understanding of but they're aware of the strong correlation.
Executive Engagement - % of accounts and ARR where we've had an intentional exec conversation in the past 90 days.
Onboarding Duration - # of days to take a customer from kickoff to launch.
ARR not yet launched - how much of our ARR is not yet in the Launched phase (meaning they're still in onboarding).
Top questions from the exec team:
How is retention trending this quarter, next qtr, for this year?
Why do we have confidence that our renewal/retention forecast is accurate? [I demonstrate this through the other metrics]
Which customers need help from the exec team?