Overview

Required plan

This feature or setting is available to all customers on any Recurly subscription plan.

Definition

The new renewal decline rate dashboard will provide insights on renewals that fail on the initial transaction attempt, enabling you to understand the effectiveness of your payment method and gateway strategy to decrease your decline rate, comparing yourself to others in your industry with Recurly’s built-in benchmarks.

Key benefits

• Industry comparison: Compare key subscription metrics with industry benchmarks to understand performance relative to peers, identifying areas of strengths and weaknesses.

• Competitive insights: Gain insights into how competitors are faring in terms of subscription metrics, uncovering areas to differentiate and improve to gain a competitive edge.

• Informed decision-making: Make informed decisions based on real-world data to help set realistic goals and expectations for subscription growth and customer retention.

• Forecasting and planning: Enable more accurate forecasting and long-term planning to help businesses set reachable growth targets and allocate resources effectively.

Key details

General Filters (Top left corner)

• Invoice Creation Date: Offers dropdowns to specify a timeframe and date range, up to the past 18 months, which then reflects on the dashboard.
• Industry: Offers the ability to switch between different industries to view comparison to other industries beyond your identified industry. You can change your identified industry in the analytics settings but that change can take up to 24 hours.
• Gateway: View your renewal declines based on all gateways, or select a specific gateway to explore.
• Failure type: By default, the top 5 decline reasons will be displayed, and you can modify the filter to display additional decline reasons.
• Payment type: Review your renewal declines by selecting specific payment methods that you offer to your customers.

Declined renewal invoices

View your decline rate trend over time, so you can monitor your decline rate and explore any growing issues with your renewals. Compare a similar timeframe year over year to understand your performance.

The decline rate graphs are displayed as a rate as well as a count.

Note: the amount of invoices represented in the current month will be lower than previous month since invoices will continually be generated as the month continues.

Decline reasons

Payment failure types by invoice count

This dashboard displays your payment failure types by count of invoices. The data provides a detailed view of your failure types for invoices that failed on the first attempt to collect:

• The overall invoice count during the dashboard’s date range.
• A comparison between the start and end of the dashboard’s date range.
  • The count of Invoices at the start of the dashboard’s date range.
  • The count of Invoices at the end of the dashboard’s date range.
  • The % of this count has increased or decreased since the start of the dashboard’s date range.

Decline Reasons

Dive into the specific decline reasons for invoices that failed on 1st attempt. These graphs are broken down by count and % of total failed invoice reasons. Use these graphs to identify any changes in the overall failure types.

Gateways & payment methods summary

Learn more about which gateways and payment methods are performing well on renewal. These tables provide data on the performance of your different gateways and the supported payment methods and card brands for each gateway.

For each of these areas, we provide a detailed count of Renewal Invoices, Renewal Invoices Failed on 1st Attempt to Collect an Invoice, Renewal Decline Rate, and Rate Change (during selected date range).

Renewal Declines Summary

This breakout dashboard allows you to change the pivot table to see different fields in different orders and change the metric you see (Decline Rate, Failed Transactions, Total Transactions).

You can filter by the following:

• Timeframe: Look at different monthly timeframes.
• Primary Dimension: Look specifically at a specific metric, where you can select between Payment Type, Brand, Gateway, or Failure Type.
• Dimension Breakout 1: Select another dimension from the list, or all dimensions.
• Dimension Breakout 2: Select another dimension from the list, or all dimensions.
• Metric: Select the key metric to analyze, where you can choose between Decline Rate (%), Total Transactions, or Failed Transactions.
• Gateway Type: Specify the gateway you would like to view.
• Failure Type Dropdown: Select the failure reasons you would like to look at, selecting by Top 5, Top 10, or all.

Related dashboards

Continue to learn more about how Recurly helps you prevent churn and your renewal invoice decline rate by navigating to the related dashboards. Also review your dunning campaign strategy to continue to increase your dunning recoveries.