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 Might 2022 /PRNewswire/ – International FinTech chief in recovering failed bank card funds, FlexPay as we speak introduced the launch of Engaged Restoration, a robust new answer that permits subscription companies to intelligently and empathetically collaborate with their clients to resolve failed funds that require buyer interplay. injury the maintain. FlexPay is the primary and solely built-in answer powered by AI and ML that may reverse all failed funds, resolve them straight with card authorization programs each time doable or work together with clients when wanted.

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

FlexPay Interactive Restoration

“The addition of Engaged Restoration to the FlexPay AI-powered platform gives the promise of a single high-performance failed cost restoration answer that may finally resolve all causes of decline,” stated FlexPay CEO. Darryl Hicks. “The flexibility of a extremely skilled AI system to research each failed cost, select the simplest restoration answer, 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 vital layer within the subscription funds expertise stack and prevents misplaced income and misplaced clients brought on by failed funds.”

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

  • Recuperate all forms of failed funds, together with exhausting and delicate rejections – FlexPay recovers failed funds rejected for any purpose and mechanically applies restoration options which might be uniquely suited to every kind of failed purpose
  • Optimize buyer restoration and scale back oblique losses from failed funds – FlexPay Invisible Restoration™ can get well most failed funds straight throughout the card authorization community and stop oblique disruptions related to buyer visibility into failed funds
  • Ship an incredible automated buyer expertise when engagement is required – FlexPay Engaged Restoration gives branded advantages arrays that collaborate thoughtfully with clients to resolve failed funds, avoiding oblique disruptions related to different restoration strategies akin to strikes and collections.
  • Cut back churn and misplaced income brought on by failed funds – FlexPay helps subscription companies obtain limitless development charges by rising income, buyer retention and LTV
  • Add effectivity to operations and prices – With FlexPay, subscription companies can scale back or eradicate expensive manpowered restoration and assortment value facilities, permitting in-house customer support groups to deal with delivering one of the best buyer expertise

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

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

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