CEO @Theysaid / I help sales and success leaders find hidden revenue in their buyer journey and customer base
The future of NRR: Will CCOs become the new CROs? (...a 7-figure ARR CCO asked me) A CCO recently asked me, "I've seen CCOs reporting to CROs these days and CCOs becoming CROs. What do you think the future holds? Is this going to be a trend to stay?" It's a fascinating question. Here's what I'm seeing: Companies are laser-focused on improving NRR. But who's directly responsible for it? Marketing, support, CS, AMs, strategic account sales...everyone influences NRR, yet no single executive owns it. That's changing. CCOs are emerging as the "Chief NRR Officers." Why? Because the CCO's ultimate goal aligns perfectly with growing NRR. CCOs are under immense pressure to drive new revenue. However, acquiring new customers is far more expensive than retaining and expanding existing accounts. Putting CCOs in charge of NRR makes strategic sense. But there's another strong candidate for owning NRR: The COO. Retention is a team sport. Every customer touchpoint impacts churn, including product, pricing, sales, onboarding, and support. The COO oversees all these critical functions. They're ideally positioned to drive NRR improvements. Mark my words: Having a dedicated NRR executive will soon become the norm. Will it be CCOs or COOs leading the charge? Only time will tell. I break down the full future of NRR in this video:
Senior Director Customer Success Management bei SoSafe | Kundenerfolg, Management
2moVery interesting take Lihong. I am leaning towards CCOs becoming CROs