A lot of chambers and shop local programs use local currency and checks as a means of non-dues revenue, but the maintenance of a paper system can be exhausting.
There’s no way to track where the chamber bucks are being spent and the reconciliation and administration can be so cumbersome that they become a full-time job. Plus, depending on your state, if the certificates/checks are not spent you might have to turn them over to unclaimed funds or take more administrative time to write them off.
Let’s not forget the people who lose them and come in asking you to reissue them. So then you need to find the old one, cancel it, and make the appropriate notes so that should it be found in the future it won’t count twice. Whew!
Who has the staff resources for that?
Introducing Conpoto “Lite”
Or you could take your beloved currency program and marry it to an easy add-on that provides you with much needed insight and easy administration while maintaining the aspects of your system you like. Now members of your community (or anyone with an Internet connection) can buy your certificates at any time, from anywhere.
This program also provides awesome monthly marketing content to help you bring on new businesses, promote the program, and tell your community all about it.
The purchase portal embeds easily into your existing chamber or business website. Funds from the gift certficate purchases are deposited into your bank account (minus the credit card fees) so you needn’t worry about getting reimbursed by a third-party. You will also receive notifications of any gift certificate purchases so you’ll always be in the know.
If you love your existing currency program but need to free up some time and smooth the administrative hiccups in it, try Conpoto Lite. It’s everything you love about your current program, with the administrative efficiency and online insights you’ve always wished it had.
Contact us today at 866-980-9531 for more information on how we can make your local currency program easier.
Image credit: © Can Stock Photo Inc. / trekandshoot