In the print business, a clear and airtight budget is something that in today’s date is a basic expectation. No matter which industry your business caters to, the overall tightening of budgets is taking place across different industries. Have you ever thought if your print business is getting the attention that it deserves?
Budgeting your print expenses
Recent studies have found out that on average, companies waste about 14 percent of their revenues on print and document management related inefficiencies. While the goal of every business is to make profits and reducing waste is one of the ways in which your business can do that. What most businesses do not realize is that printing costs can account for a pretty good amount of your yearly budget. While considering your costs for paper and maintenance for printers, printing expenses can get quite high. According to Gartner, the total printing costs often are the last business expenses for companies that remain unmanaged even though it amounts to one to three percent of the total annual revenue of a company.
Managed print services help businesses control printing budgets often through optimized strategies. This helps you improve your print environment by making it more productive, cost-effective and efficient and you end up with 30 percent more in your print budget than before. Let us take a quick look at a few stats that relate to MPS:
- Managed print reduces your hardware costs up to 60 percent
- Managed print helps in reducing 10 to 15 percent in wasted output. This means you need to pay 10 to 15 percent less in pay per print agreement
- There will be a 30 percent reduction in energy consumption
- There will be a 20 percent reduction in toner consumption
Once you add all these up, you will notice major savings in your overall IT budget. However, the benefits of managed print service are not just limited to costs, but it also shows in your organization’s total efficiency. Your employees perform better and require less print-related help and this would lead to a greater amount of success and efficiency in the long run.
At ARC, we help you manage your print costs and make your business operations more efficient. Connect with us today to get a quote today.