The holiday season translates to busy season for most businesses, one reason why dual-purpose cash and check scanners can be such a boon for retailers. In fact, data from Deloitte points to the coming holidays being even busier than usual, with end-of-year sales expected to climb between 4 and 4.5 percent when compared to the previous year.
"Income, wage and job growth are positive indicators heading into the holiday season," said Daniel Bachman, Deloitte's senior U.S. economist. "Debt levels remain at historical lows, and stock market gains coupled with increasing home prices have a wealth effect on consumers, which may encourage increased spending compared with prior years."
While this is good news for retailers, it also means businesses will need to do more to streamline operations and save time where they can.
Strategies for the holiday rush
For businesses that can't afford to hire extra staff during the holiday season, educating employees on how best to manage an increase in customers can be essential for ensuring everyone stays on task and completes their duties.
Stocking inventory beforehand can also be a beneficial strategy. This allows retailers to focus on customers instead of having to worry about whether they have the inventory necessary to meet consumer demands.
Streamlining business systems can also go a long way toward reducing stress during this time of year. For instance, a dual-purpose cash and check scanner allows businesses to process payments faster without the need for multiple machines.
During the holiday season, time is of the essence. The JetScan iFX device makes it simple for retailers to consolidate essential functions while eliminating deposit processing steps and cutting costs - a win-win for businesses of all types.
September 30, 2014