FlyCode: Revolutionizing Payment Recovery with AI
FlyCode is making waves in the world of payment management with its intelligent AI-powered solutions. It offers a comprehensive approach to dealing with payment failures and churn, which are common challenges faced by businesses today.
Overview
FlyCode's primary focus is on ensuring seamless transactions and minimizing lost revenue. It has been recognized as the winner of the best FinTech startup at the prestigious Visa Everywhere Initiative 2024. This accolade speaks volumes about its capabilities and the value it brings to the table.
Businesses often struggle with issues like involuntary churn or payment failure, and many are not even aware of the extent of revenue they are losing due to these problems. FlyCode steps in to address these concerns by providing an intelligent payment management system that can automatically recover and reduce churn.
Core Features
One of the standout features of FlyCode is its dunning & payment management AI. This advanced technology allows for the recovery of lost revenue by handling failed payments effectively. It also enables businesses to increase their subscription revenue through intelligent payment optimization.
For example, companies have reported significant improvements in their recovery rates. Just Meats saw their failed payment recovery rate soar from 51% to 66% in just a month, with a remarkable 71% recovery rate peak in January. All it took was a simple phone call and turning on an API connection.
Another key aspect is that FlyCode's smart dunning platform can be tailored to fit the specific needs of each business. This customization ensures that it can supercharge a company's Annual Recurring Revenue (ARR) by 3%-7%.
Basic Usage
Getting started with FlyCode is straightforward. Businesses can choose to continue with existing payment platforms like Stripe or sign up directly with FlyCode. Once onboard, they can take advantage of the various features to start recovering lost revenue and reducing churn.
In comparison to traditional manual or internal dunning solutions, FlyCode offers a more efficient and effective alternative. It not only recovers more revenue but also saves businesses hours of work each week, as seen from the experiences of various users who had been searching for a better solution for years.
Overall, FlyCode is a powerful tool that combines AI technology with practical payment management solutions to help businesses thrive in the face of payment challenges.
