FlexPay
A significant challenge persists in the payment landscape, amounting to a staggering trillion-dollar issue: subscription recurring payments fail approximately 24% of the time. This high failure rate stems from inherent flaws in a payment system designed primarily for one-time transactions rather than ongoing subscriptions.
FlexPay, an innovative FinTech startup, addresses this challenge by assisting merchants in retaining more subscribers through the recovery of failed credit card transactions related to recurring payments, thereby recapturing revenue that would have otherwise been lost. Businesses that rely on recurring payments often face systemic issues within the payment ecosystem, leading to an average rejection rate of one out of every four transactions, with a troubling two-thirds of these rejections being false declines—payments that should have been approved. By leveraging artificial intelligence to enhance payment processes, the FlexPay platform develops tailored recovery strategies for each transaction, resulting in remarkable approval rates.
With its INVISIBLE RECOVERY™ feature, FlexPay engages directly with the payments infrastructure to ensure that customers remain unaware of any payment failures. This approach stands out as the quickest and most effective method for recovering soft declines. Overall, FlexPay not only helps businesses retain their subscribers but also enhances their overall revenue potential.
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Epicor Connected Process Control
Epicor Connected Process Control offers an intuitive software solution designed to create and manage digital work instructions while maintaining strict process control, effectively minimizing the chances of errors in operations. By integrating IoT devices, it captures comprehensive time studies and detailed process data, including images, at the task level, providing unprecedented real-time visibility and quality oversight. The eFlex system is versatile enough to accommodate countless product variations and thousands of components, catering to both component-based and model-based manufacturers alike. Furthermore, work instructions seamlessly connect to the Bill of Materials, guaranteeing that products are assembled correctly every time, even when modifications occur during production. This advanced system intelligently adapts to variations in models and components, ensuring that only the relevant work instructions for the current build at the station are presented, enhancing efficiency and accuracy throughout the manufacturing process. In this way, Epicor empowers manufacturers to maintain high standards of quality control while adapting to the dynamic nature of production demands.
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FlexNet Manager
FlexNet Manager serves as a comprehensive tool for organizations seeking to oversee their software and hardware resources efficiently. As an all-in-one solution, it facilitates the management of licensing compliance while optimizing software licenses and asset utilization. By delivering precise and thorough data, it aids businesses in managing their expenses more effectively. Additionally, the platform offers robust data analytics capabilities, enhancing visibility into software assets and their usage patterns. This empowers organizations to make informed decisions regarding their IT investments.
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FlexForms
Many organizational procedures are often obscured within lengthy email chains and physical documents, which can significantly impede overall efficiency. When data resides in non-reportable business formats, such as Word and Excel, companies fail to harness the full potential of their resources for predictive insights and thorough visibility. Our forms builder addresses this challenge by facilitating better data organization. With FlexForms, users can interact with forms seamlessly across various devices and promote real-time collaboration among colleagues, thereby boosting operational productivity. The FlexForms Approval Workflow feature allows business users to easily send forms for approval, mirroring the familiar process of sending an email. The online form builder enables the creation of tailored forms, the transformation of current documents, or the customization of ready-made templates to suit particular business requirements. Furthermore, the form approval functionality guarantees that essential participants can review and authorize submissions, while timely reminders keep users informed about forms that have not been submitted by their due dates. This all-encompassing approach not only improves process efficiency but also cultivates a sense of accountability within teams, leading to enhanced performance and better outcomes. As businesses continue to evolve, leveraging such tools becomes increasingly crucial for maintaining competitiveness and operational excellence.
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