FlexPay Announces Launch of Engaged Recovery and further expands its leadership position and industry best failed payment recovery results with new support for all causes of failure

MONTREAL, 12 Could 2022 /CNW Telbec/ – World FinTech chief in recovering failed bank card funds, FlexPay in the present day introduced the launch of Engaged Restoration, a strong new resolution that permits subscription companies to intelligently and empathetically collaborate with their clients to resolve failed funds that require buyer interplay. with out damaging the maintain. FlexPay is the primary and solely built-in resolution powered by AI and ML that may reverse all failed funds, resolve them straight with card authorization techniques each time potential or work together with clients when wanted.

Unsuccessful funds are primarily as a result of frictions within the card authorization course of, which prevents subscription clients from finishing their authorized transactions, leading to losses of as much as 48%. As a result of the one greatest supply of loss is attributable to cost points, not by clients actively canceling their subscriptions, options just like the FlexPay platform are essential for subscription companies to resolve failed funds and remove the loss and misplaced income they create.

FlexPay Interactive Restoration

“The addition of Engaged Restoration to the FlexPay AI-powered platform affords the promise of a single high-performance failed cost restoration resolution that may finally resolve all causes of decline,” stated FlexPay CEO. Darryl Hicks. “The power of a extremely skilled AI system to investigate each failed cost, select the simplest restoration resolution, and deploy a restoration methodology that optimizes each restoration charges and buyer retention is game-changing for any enterprise with subscription or recurring billing.” The FlexPay platform is a essential layer within the subscription funds expertise stack and prevents misplaced income and misplaced clients attributable to failed funds.”

With the addition of Engaged Restoration to the FlexPay platform, subscription companies can:

  • Get well all forms of failed funds, together with onerous and comfortable rejections – FlexPay recovers failed funds rejected for any cause and robotically applies restoration options which can be uniquely suited to every kind of failed cause
  • Optimize buyer restoration and cut back oblique losses from failed funds – FlexPay Invisible Restoration™ can get better most failed funds straight throughout the card authorization community and keep away from oblique disruptions related to buyer visibility into failed funds.
  • Ship an incredible automated buyer expertise when engagement is required – FlexPay Engaged Restoration affords branded advantages arrays that collaborate thoughtfully with clients to resolve failed funds, avoiding oblique disruptions related to different restoration strategies similar to strikes and collections.
  • Cut back churn and misplaced income attributable to failed funds – FlexPay helps subscription companies obtain limitless progress charges by growing income, buyer retention and LTV
  • Add effectivity to operations and prices – With FlexPay, subscription companies can cut back or remove pricey manpowered restoration and assortment price facilities, permitting in-house customer support groups to give attention to delivering the very best buyer expertise

The FlexPay platform helps companies with subscription and recurring billing fashions enhance income and cut back buyer churn by recovering any bank card funds that fail reputable transactions.

Go to https://flexpay.io/merchandise/engaged-recovery/ for extra info.

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