Chicago housing rebound highlights need for dual-purpose cash and check scanners
A spike in a city's housing market is often a sign of economic improvement, and dual-purpose cash and check scanners are essential for accommodating this growth. This reality is certainly the case for the city of Chicago, and recent research from U-Haul underscores this fact.
According to Consumer Affairs, each year U-Haul tallies the number of one-way truck rentals into and out of a particular area. As it turns out, there were more U-Haul trucks leaving Chicago than arriving in 2014, but 2015 marked a drastic turnaround. As a result, the city earned the No. 5 spot on the company's Top 10 U.S. growth Cities for 2015 list. Theresa E. Mintle, president and CEO of the Chicagoland Chamber of Commerce, had valuable insight to share regarding this positive turnaround.
"As a global transportation and communications hub, Chicago is attracting more major company headquarters each year as businesses recognize the region as one of the best places to live, work and visit in the nation," she said.
Dual-purpose cash and check scanners are a necessary investment
As Chicago continues to grow and developers, neighborhood councils and construction companies lean into the opportunity to leave their footprints on the city, local governments and neighborhood leaders will need to manage cash flow more efficiently. When considering dual-purpose cash and check scanners as an investment, municipalities can look to Chicago as a helpful example throughout the decision process.
Local governments are responsible for collecting payments from taxes, permits, fines, licenses and bills, all of which will likely increase in Chicago as the housing market swells. To add to this heightened demand, local governments are expected to streamline their operations and cut costs at the same time.
By leveraging powerful dual-purpose cash and check scanners, local government officials can help reduce payment processing hours, decrease equipment and training costs, and automate their operations so valued tax dollars can go toward city services rather than extraneous staff.
A positive economic outlook is a wonderful thing for any city to celebrate or embrace. However, if local governments are not equipped with the tools and expertise to accommodate growth and maintain an exceptional level of efficiency, their success can quickly plummet. Investing in technology that can easily scan and count checks and cash in not an option, but a leadership responsibility.