If you want to increase your Average Recurring Revenue (ARR) by reducing payment failures and optimizing payment retries, FlyCode could be a good fit. The payment optimization platform uses AI-based dunning to reduce involuntary churn caused by payment failures. It integrates with common payment gateways like Shopify, Stripe and ReCharge, automatically handling payment failures and optimizing retries. FlyCode combines AI models with payment logic and authorization data to optimize ARR and provides a free churn audit tool, with custom pricing based on each business.
Another good option is Churnkey, a customer retention and growth optimization platform for SaaS companies. Churnkey recovers failed payments with targeted campaigns and personalized cancel flows. It also offers reactivation campaigns for happy customers and customer health analysis to predict monthly revenue. Churnkey integrates with billing providers like Stripe, Paddle and Braintree, and offers strong security with GDPR compliance and SOC-2 Type I certification. By using Churnkey, businesses can reduce cancellations, recover failed payments, and increase monthly recurring revenue.
For a more complete solution, look at Billtrust, an AI-powered accounts receivable (AR) platform that streamlines and consolidates the order-to-cash process. Billtrust automates credit approval, eCommerce integration, invoicing and cash application to improve customer satisfaction and increase cash flow. Its customizable workflows and professional implementation provide a unified user experience, integrating with multiple ERPs and systems. Billtrust has been named the AR Applications Overall Leader in the SPARK Matrix for 2024, serving more than 2,400 companies worldwide.
Last, Growfin offers AR automation software that accelerates debt collection and collaboration between AR, sales and customer success teams. It includes AI-based account prioritization, precision dunning and real-time tracking and analytics. Growfin integrates with common tools, making it a good choice for improving AR processes and accelerating cash flow. The platform is designed to reduce manual work and decrease days sales outstanding (DSO), helping CFOs, finance directors and AR managers optimize their accounts receivable operations.