MyLaps
MyLaps is a global player in sports timing. Each year more than 20 million athletes take part in events timed with MyLaps technology, from the 24 Hours of Le Mans, the Giro d’Italia and the Ironman Triathlon to FIA Formula E, NASCAR, the Indianapolis Motor Speedway and the Olympics.
The challenge
A global business processing payments across many markets needs certainty that its rates are genuinely competitive, not just what a provider once quoted. MyLaps wanted that certainty for its online payment solution, which meant testing the existing terms against the wider market rather than assuming they still held up.
The approach
EcomStream performed a comprehensive benchmark of MyLaps’ existing online payment solution, analysing the payment terms and comparing them against industry standards to identify where financial efficiency could improve. That benchmarking fed directly into the renegotiation with the payment providers, grounding the discussion in data rather than guesswork.
The outcome
The renegotiation delivered significant savings with an immediate positive impact on MyLaps’ operational result and profitability. By safeguarding competitive rates through data-driven insight, EcomStream left MyLaps with a leaner, more cost-effective payment infrastructure that maintains its high service standards.
“After proper analysis EcomStream delivered us great cost savings. The ‘no cure no pay’ concept worked really well for us, and some other clients.”
Camiel Slaats
CEO, MyLaps Sports Technology
