Value of New Payment Intents

What is Value of New Payment Intents?

The Value of New Payment Intents KPI indicates the amount of money you’ve made from customer payments in a relevant timeframe.

A payment intent is the process of collecting payments from your customers. Every order or session in your system counts as a new payment intent.

This is a relevant KPI for your finance team to monitor.

Why is the Value of New Payment Intents important?

The Value of New Payment Intents is important, because it’s useful to have a better overview of how your month will look financially regarding orders and payments. This KPI gives you a more accurate picture of the money you can expect to receive from your customers’ payment intents for the following month.

This way, you can better understand where your revenue is coming from, as well as make more data-driven decisions based on the insight you obtain from this KPI.

Best practices for Value of New Payment Intents

Value of New Payment Intents is best monitored alongside other financial KPIs, as it provides significant insight into your customers’ spending habits. Serious dips or variations in payment intents – seasonal variation excepted – can signal customer satisfaction or dissatisfaction with your product or service. A rise in payment intents likely indicates the results of a successful marketing campaign.

Finally, this KPI is useful for creating your monthly budget, especially once an annual pattern of payment intents is established.

Other KPIs like Value of New Payment Intents include:

• Value of New Charges
• Annual Recurring Revenue (ARR)
• Number of New Balance Transactions