Case Study: Prep Network recovers $3.9M in failed payments with Recurly

Prep Network recovers $3.9M in failed payments with Recurly

Prep Network, a company providing coverage and recruiting resources for high school athletes across nine sports brands, faced the challenge of managing a complex and growing subscription business. Their previous platform was inefficient, making it difficult to launch new brands and gain a centralized view of their business. They needed a streamlined solution from a vendor like Recurly to support their expansion without increasing complexity.

By implementing Recurly's subscription management platform, Prep Network gained a centralized system to efficiently launch new brands and measure performance. The solution's intelligent dunning and smart retry tools were particularly impactful, enabling a 56% recovery rate for failed payments and resulting in $3.9 million in recovered revenue. This provided Prep Network with a 12.7x return on investment and the infrastructure to support continued growth.

Prep Network