The Total Economic Impact™ of Vindicia Select, a study conducted by Forrester Consulting on behalf of Vindicia (an Amdocs Company), examines the economic benefits of using Vindicia Select to recover failed payment transactions. Vindicia Select is a SaaS-based solution that utilizes machine learning, subscription intelligence, and sophisticated algorithms to address the problem of payment card declines for subscription-based businesses.
The Forrester TEI study concludes that, over a three year period, a composite organization experienced the following results:
- Vindicia Select recovers 687,000 transaction (18% of terminally failed transactions)
- Revenue from recovered payment transactions totals $6,249,477
- Select adds 6.2 months to customer lifetime value
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