Estimate what you could recover
Replace the example numbers with yours.
Your numbers
What you assume
Better authorization rate+2 points
From 88% to 90% of payments approved
Lower processing fees10 bps
A saving of 0.10% on the value of every payment
What it could be worth
Extra renewals per month
400
Extra revenue per year
£120,000
Fee saving per year
£5,400
How it works: extra renewals are payments attempted times the improvement. Extra revenue is extra renewals times the renewal value times 12. Fee saving is successful payments times the value times the saving times 12. Everything comes from the numbers you enter. This is an estimate to help you think, not a benchmark or a promise.
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