The ultimate guide to exploring digital receipts: types and benefits
Email Receipt, Capture Receipt & 1receipt®
E-receipts are sent through emails after customers made a purchase decision. The simplest purpose of this digital receipt type is to store transaction record. Email receipts can easily be found for tax purposes, tracking and proof of expenses for the report. They also make customers feel secure that the transaction has completed properly with no faults.
This type of digital receipt is often promoted as a paperless technique for the company to reduce expenses and protect the environment. Apple was one of the first organisation adopting E-receipts in 2005. Today, stores over the world have started to adopt E-receipt in their system to build impression, generate more revenue and engage with customers.
“Collecting customer data is always a challenge, even at the register,” says Ian Goldman, CEO of Celerant Technology. “And emailing receipts is a fairly effective and simple way to get accurate contact points for your customer base”
E-receipt is believed to be an effective technique to seek customers’ private contacts and build customer relationships. After each purchase, businesses have the opportunities to send emails to customers as a reminder of brand recognition and increase repeat purchase. However, one most crucial problem with E-receipt is it slows down the check-out process as new customers need to fill in their contact details. Equally important, not every customer will feel comfortable giving out their personal details concerning security issues. In certain cases, email service providers mark the e-receipt as spam causing customers to feel frustrating if they do not receive the invoices.
Capture paper receipt to store digitally
This technique is convenient, especially for accountants and bookkeepers. Businesses can enjoy instant data capture of the paper invoices and data will automatically organise in a software application. For example, Receipt Bank offers auto documents captures and bank statement extraction with 99% accuracy and high processing speed. Receipt Bank provides an easy data management in which accountants can access to duplicate transactions and secure data.
Uploading a copy of the receipts or invoices still, involve the existence of hard copy paper receipts. Capture paper receipt to store them digitally is an excellent technique for organizing and reviewing the expenses and purchases, yet it still has impacts on environmental footprints because it does not completely remove paper receipts.
1receipt® involves the customer to scan the mobile app which displays a barcode through barcode scanner “Pyramid™” at the end of their checkout. This type of digital receipt doesn’t involve paper or printer, thus benefiting for the environment and human health. Click here to read more about the risks of using paper receipt. Most importantly, customers do not need to fill in their personal contacts and feel secure and protected during/after the purchase process. 1receipt® has successfully adopted the digital receipt and the company will launch into stores by the end of 2019.
Discover 1receipt® today!