PAIN AREAS / CHALLANGES
Initial setup and ongoing maintenance costs for cashless systems can be significant, impacting cash flow.
Managing transaction data and ensuring accurate reporting can be complex and time-consuming.
Benefit | % | Remarks |
|---|---|---|
Pre-Charge
Benefit | 10-15% | People tend to buy more
with Pre-charged card. |
Product
Leakage | 10-15% | Coupens are diffcult to handle
and staff easily gives food/product to others. |
Reconciliation | 10-15% | After the event, it is a time
consuming and may require 3-4 days of dedicated 2-3 manpower |
Involvement
Profits | 40-50% | More profits with minimum
manpower involvement |
* Rs 1.5-2 Lakh extra can be earned from an event where cumulative sales is 10 lakh.
The “Assistance Control” project was inspired by the basic idea of the “Bologna Process”, a Pan-European collaboration which started in 1999, to adapt technology to provide a better quality of education that would allow improvement of the next generation of classroom teaching.
The best project finally chosen and tested involved students registered for classes with NFC phones, during the academic year 2011–2012 at “Universidad Pontificia de Salamanca, Campus Madrid” (UPSAM).
This resulted in the senior students at the School of Computer Engineering to certify 99.5% accuracy and ease of attendance that ensured continuous assessment without loss of instructional time allocated to this activity.
Source : Science Direct Volume 40 Issue 11, 1st September 2013, Pages 4478-4489
