+20%
Payment Recovery Rate
0
Integration Cost
The Solution
Bango Systems implemented FlexFactor to address these payment challenges while maintaining their rapid pace of innovation:
1.
Rapid Deployment
- Instant integration with existing ecommerce platform, CheckoutChamp
- Zero disruption to current operations
- Immediate impact on revenue recovery
2.
Automated Intelligence
- Smart decline management requiring no manual intervention or checkout changes
- Optimized retry timing for maximum recovery
- Full risk coverage by FlexFactor
3.
Growth-Focused Design
- Zero resource drain on internal teams
- Seamless customer experience
- Real-time performance tracking
"At Bango Systems, we are committed to hyper-targeted digital advertising and developing digital brand potential across various industries and delivering unparalleled results. FlexFactor aligned perfectly with our focus on innovation and speed, recovering 20% of declined payments while allowing our team to stay focused on growth."
— Phil Iannuzzi, Co-Founder, Bango Systems
The Impact
By partnering with FlexFactor, Bango Systems achieved:
20%
Payment recovery rate
- Pure incremental revenue with zero upfront cost
- Immediate positive impact on cash flow
- Enhanced customer lifetime value
Improved
Operational efficiency
- Reduction in payment-related support tickets
- Zero additional team resources required
- Automated recovery processes
Enhanced
Growth metrics
- Improvement in customer retention
- Reduction in involuntary churn
- Stronger conversion performance
Key Learnings
1.
Speed matters: Rapid deployment and immediate results are crucial for high-velocity startups.
2.
Resource efficiency is crucial: Payment optimization should enhance, not drain, team bandwidth.
3.
Zero-risk solutions win: Significant revenue recovery is possible without compromising growth resources.
Bango Systems' success demonstrates how AI-driven payment decline recovery can enhance startup operations without disrupting rapid scaling efforts. Their experience shows that in the fast-paced world of venture-backed growth, payment optimization can be achieved while maintaining focus on core business expansion.
