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Do You Know How Much Your Company Is Spending on Printing?

Posted on Tue, Jul 2, 2013

Most business owners are shocked when they learn exactly how much they spend on printing each year. It comes as quite a surprise that mismanaged print fleets can cost your company up to 3 percent of your total revenue. This means that a company with an annual revenue of $5 million will spend about $150,000 on document output each year.

Print Savings estimatorAccording to research from PricewaterhouseCoopers,
the average employee:

  • Makes 10,000 copies or prints each year
  • Costs your company up to $1,200 in printing annually
  • Wastes 17% of all printed documents

End users rarely have knowledge of the true cost of their printing activities, and rarely monitor or control employee printing output. Without controls and measures, waste can be substantial. HP's Managed Print Services can help your business achieve immediate and long-term cost savings. MPS essentially takes over the management of a company's printers to increase efficiency and consolidate printing costs.

MPS clients enjoy the benefits of working with one trusted provider for all printing needs. Clients receive remote monitoring of printers, supplies, and service on-demand, as well as tailored management reports regarding the company's printers. Service costs are summarized in convenient invoices that include all print-related costs quarterly.

Clients experience a second wave of cost savings when account managers provide expert recommendations based on reports of the printer fleet. Suggestions are made for printer placement based on utilization and strategic hardware purchases, especially when the technology in multifunction printers can improve workflow, increase productivity, save costs, and replace expensive copiers and legacy printers. This is all part of the customer-centric objective of MPS.

All these measures can add up to as much as 30 percent savings in printer-related costs, often amounting to thousands of dollars in savings. Give Governor Business Solutions a call today for a Free Managed Print Consultation or call (313) 441-4610 for more information on MPS. 

 

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