FEBRUARY 11, 2014, Mt. Prospect, IL – Municipal government bodies are constantly looking for ways to do more with less, which means investments in high-speed combination check and currency processing machines may lead to long-term payoffs. Financial tasks, such as collecting property taxes, negotiating deals with public universities or partnering with private companies, all require a substantial amount of organization and work on the part of administrators at state and local agencies.
Rather than spending an excessive amount of time manually depositing checks or taking frequent trips to the bank, automated technology can help these organizations make better use of their available resources. As government bodies across the U.S. struggle to balance their budgets, any opportunity to limit overhead costs can have a positive impact on overall operations.
Cummins Allison, a leading innovator of coin, currency and check processing technology, as well as ATM solutions, outlines how public agencies and municipal bodies can reduce costs, maximize resources and improve efficiency by employing check processing machines.
Municipalities Seek to Maximize Income
Property tax is one of the most reliable sources of civic income. Many cities depend on these annual checks to fund essential government programs and services. Ever since the Great Recession in 2008, and amid slow economic recovery, a large number of municipalities have made efforts to slightly increase property tax rates to generate more income. Some cash-strapped municipalities have also been able to strike deals with local nonprofit organizations and academic institutions that are typically exempt from having to pay property taxes. While these measures may contribute to increasing income, they can also add to the burden of processing check payments.
Leverage Technology to Increase Efficiency
Whenever local government bodies accept money from the public, there is an especially high standard for operating with as much efficiency as possible. Residents often have little patience for municipalities and counties that aren't able to use their resources wisely. Tools, such as check processing machines, can help many agencies deposit property taxes with little overhead cost. Local government officials can use technology to save time instead of relying on a large number of employees to manage these tasks when they could otherwise be working on more important projects.
For more information on how check processing solutions can help public agencies reap the benefits of improved efficiency, visit www.cumminsallison.com.
About Cummins Allison
Cummins Allison is a global leader in developing solutions that quickly and efficiently count, sort and authenticate currency, checks and coin. We also offer a completeline of full-function automated teller machines (ATMs). Our leadership in technology and product innovation spans more than 125 years. CumminsAllison serves the majority of financial institutions worldwide, as well as leading organizations in retail, gaming, law enforcement and government. Ninety-seven percentof our customers would recommend our products and services.The company holds more than 350 patents and invests double the industry average in R&D. Our world-class sales and service network includes hundreds of local representativesin more than 50 offices in North America, wholly-owned subsidiaries in Canada, the United Kingdom, Germany, France, Ireland and Australia and is represented in more than 70 countries around the world. For more information, visit www.cumminsallison.com.
Carol Moore – Vice President Marketing
Cummins Allison Corp.
Outlook Marketing Services, Inc.