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Small businesses can gain efficiency with dual-purpose cash and check scanners

Small businesses can gain efficiency with dual-purpose cash and check scanners

Dual-purpose cash and check scanners can help small-business owners reach new levels of efficiency and cut costs. Back-office operations are often derailed by having to total cash registers at closing time. This can cause owners to have to spend more on employee overtime, which they may not have included in their budgets. Additionally, it can put a strain on owners' personal lives by disrupting their work-life balance, according to IT Pro Portal.

In an ideal small-business retail world, closing would not be a time-consuming ordeal. However, this isn't the case for many owners who rely on manual processes to count cash and checks and balance their finances. Implementing a cash and check scanner can significantly reduce the time managers spend closing the store. Not only does this increase efficiency, but it also can help owners balance their payroll spending. With a quick process in place to add up funds, employees won't need to work past the end of their scheduled shifts.

Some businesses reluctant to accept technology
Although implementing new systems can lead to new levels of efficiency, some small-business owners are hesitant to undertake this process, CMSWire stated, citing data from Microsoft and Ipsos. In fact, only 30 percent of owners had adopted newer systems. The reasons why entrepreneurs aren't implementing new technology isn't from a lack of interest - in fact, 86 percent reported that they wanted to keep up with industry trends. Cost was the primary barrier to entry.

Despite this, many back-office systems have a high return on investment based on the time and money they save. If small-business employers are consistently exceeding their payroll budgets, implementing a dual-purpose cash and check scanner could be a good way to reduce this expense. Cutting back on the use of overtime could help small-business owners improve their cash flow, since payroll is typically one of the most significant expenses for an enterprise.

In fact, being resistant to change could negatively impact small-business operations, according to Transaction World Magazine. Clinging to the same inefficient processes will not help owners achieve new business growth. Accepting that there are ineffective practices in place can help small-business owners make changes that will benefit their companies and their employees. 

Small-business owners often struggle to achieve a good work-life balance, and adding up the totals from cash registers is one of the most tedious aspects of closing. Implementing a dual-purpose cash and check scanner can help small businesses improve efficiency and reduce payroll spending while also decreasing errors.

May 29, 2014