Paper receipts cause financial costs to companies. They spend about $5000 to $18000 each year only on thermal paper receipt.
According to a staggering statistic, nearly one million companies (23% of businesses) still manage their expenses manually. It takes more than a day each month for the accounting team to process expenses. That extra day costs $5000 per year. Also, the average cost of purchasing paper receipts is between $0.015 to $0.05. That means if a store prints 1000 receipts per day, every year $5,475 to $18,250 has been spent on just buying thermal paper.