The more of a customer’s business that runs through Fergus, the more valuable Fergus becomes to them. Payments [are] a big part of that. They get paid faster and we improve retention and grow with them. Then with treasury offerings we can help them grow their business.
Payments had never been a big piece of our revenue projections. It’s currently 10% of our revenue, but we are targeting 30% to 40% going forward.
Outcome-based pricing has been a powerful growth driver for us, as it aligns our success directly with our customers’ and focuses our whole team on delivering results for our customers.
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