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Feature Story
FlyCode: Recover subscription revenue from payment failures
Apr 18, 2024 · news.bensbites.com
FlyCode's AI-powered payment engine helps recover and reduce churn automatically. It combines AI models with payment logic, authorization data, and payment retries. The AI runs in the background of subscriptions to monitor and reduce payment failures, offering dynamic payment optimization tools and data models.
Key takeaways
- FlyCode is a dunning solution that recovers more revenue and saves hours of work every week.
- It helped increase the failed payment recovery rate from 51% to 66% in just a month, with a peak recovery rate of 71% in January.
- FlyCode's payment engine AI can recover and reduce churn automatically.
- FlyCode's AI also offers dynamic payment optimization tools and data models to monitor and reduce payment failures.