A Cashless Business - Do the pluses and minuses balance out?

It’s a long time since the days of petty cash tins and salaries in brown envelopes but many businesses still process cash payments. At a societal level, the rise of online payment technology and bank closures is moving people away from cash. A straight-line trajectory of current trends would see an end to cash use by 2026, according to the Access to Cash Review. Is going cashless a good idea for your business?

When weighing up the pluses and minuses of becoming a cashless business it’s important to note that finance teams are looking for ways to manage individual, team and company budgets on-the-go. Whichever option you go for always aim to empower and control employee spending to benefit you and your customers in the quickest and most modern way.