Environmentally conscious retailers, banks, hospitality and customer directed are diverting to digital receipts for POS (point of sale) verification of transactions. Released by Celerant Technologies notes these impressive – and alarming – statistics:
- In the U.S. alone, retailers consume 640,000 tons of thermal receipt paper per year, requiring 9.6 million trees for their manufacture.
- It takes approximately 390 gallons of oil to produce a single ton of paper. At 640,000 tons of thermal receipt paper demanded per year, that’s nearly 250 million gallons of oil, enough to produce almost 16 million gallons of gas.
- The amount of CO2 emitted by producing one ton of receipt paper is equivalent to the amount of exhaust a car emits while driving for an entire year.
- It takes more than 19,000 gallons of water to produce a single ton of paper. This equates to more than 1.2 billion gallons of water used during the receipt paper production process.
- Approximately 2,278 pounds of trash is produced while producing a single ton of receipt paper. This means nearly 1.5 billion pounds of trash are being fed into landfills at the hands of receipt paper manufacturing.
That’s just the environmental impact. For consumer convenience, digital receipts offer a record of a transaction, without the hassle of transporting and filing the paperwork. If a customer doesn’t need a receipt, none is issued and both clutter and paper are eliminated, so digital receipts support CRM (customer relations management).
Celerant’s study cites cost reduction is a leading factor in the adoption of green receipt technology. The technology offers convenience, yes, but additionally it helps the companies by connecting them with the consumer through email contact and purchasing history.
How many times have you, as a consumer, said at the point of sale, “Thanks, but I don’t need a receipt,” even if it’s already printed? We expect convenience and courtesy.
The white paper is dedicated to a discussion of Celerant’s Command Retail software solution, which includes a digital receipt module that enables the customer to choose the receipt delivery preference. As the document explains, the cashier is prompted to ask the customer upon completion of a transaction if she’d prefer a digital receipt, a print receipt, or both. If the shopper chooses to receive a digital receipt, the cashier simply enters the customer’s e-mail address and the system delivers the receipt to her inbox. The cashier can also ask the customer if she prefers to always receive her receipts via e-mail, and with a single click, that action is automated upon completion of every sale. The cashier is also flagged to ask the customer if she would like to receive notification of sales and promotions via the given e-mail address, creating a quick and seamless means of building the retailer’s e-mail marketing database.
Environmentally friendly, customer friendly, retailer friendly – digital receipts fit the bill and deliver a win-win-win solution.