Greg Caprara | Business Development
Reading Time: 1.5 minutes
Managing cash transactions at athletic events poses significant challenges and risks. Digital payment solutions provide a secure and efficient alternative that boosts revenue and reduces the risk of theft.
Utilizing digital and credit card purchases holds several benefits for the district and the boosters.
- Reducing the need for cash and theft.
- Speed and convenience when buying tickets, food, drinks, and merchandise
- AD Workload Reduction through automation
- Increased Transparency
- Reduction of clerical taskings
Athletic directors gain valuable insights into sales data through digital payment solutions to better track and manage inventory and booster disbursements. Additionally, digital payment solutions enhance financial transparency and accountability through automation of time-consuming clerical tasks associated with cash management.
Comprehensive digital payment policies represent the key to gaining these benefits. Well written technology policies optimize booster operations, transparency, and oversight: Reducing the workload of both the boosters and the AD. These policies should include guidelines for the proper use of digital payment systems, data management, and security measures. By setting clear expectations and procedures, schools can ensure that all booster activities align with best practices and maintain high standards of integrity.
In conclusion, digital payment solutions and robust technology policies offer a powerful combination to manage funds more effectively. Athletic directors can leverage these tools to boost revenue, reduce theft, and provide better oversight, ultimately contributing to the success and sustainability of their athletic programs.
If you’ve enjoyed this article, why not take a moment to follow i3 Education on social? We provide priceless content regarding K-12 nutrition program operations and can be found on Facebook, Twitter, and LinkedIn.