AI Use Case

Determine optimal moment to bill accounts for missed payments

Determine optimal moment to bill accounts for missing payments - using historic and comparable data to optimise chances of maintaining paying relationship with a subscriber or other repeat customer whose payment has failed.

Function

Finance

Accounts Payable And Receivable

Benefits

Revenue - Churn risk reduction

Case Studies

Recurly~Recurly recovers 70% of previously declined card payments through predicting best retry date using using ra random forest model

Industry

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),Model Architecture - Random Forest,ML Task - Prediction - Multi-class Classification,ML Task - Prediction - Regression,ML Task - Action Selection - Reinforcement Learning

Potential Vendors

Recurly