We’ve launched integrations to Chargify, Recurly, and Chargebee to bring recurring revenue insights to lenders
Here at Codat, we’re committed to bringing you the very best of credit and underwriting data innovation. Now you can pull real-time data from Chargify, Recurly, and Chargebee to understand the most important metrics on recurring revenue such as net dollar retention, churn, and subscription growth.
Why is subscription data so valuable?
The value of products and services sold through subscriptions has grown at an average of 12% over the last decade. The average small business selling on these platforms is growing at 35% per year. The subscription economy is here to stay.
Consistency of incoming cash flow is the largest predictor of default in the vast majority of SMB credit models. Through the data held on these platforms, you can get a live feed of top-line performance from your borrowers, allowing you to both increase limits and reduce bad debt.
To do this manually today you would have to review invoices and customer names to work out which payments are repeating regularly and then guess which customers have churned. However, direct access to subscription data enables you to easily work out current recurring revenue, and in turn, forecast future revenue far more accurately.
How can you get access?
These integrations have been in a closed alpha program with some of Codat’s most forward-looking clients over the last few months and we are extremely excited to now open this program up. To get started on the future of SMB credit underwriting, contact your Account Manager or email [email protected].