There are 9 item(s) tagged with the keyword "cost savings".
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The multifunction printer (MFP) is an invaluable solution for so many businesses, providing an impressive one-two punch of:
Big Savings – By replacing multiple devices with one MFP your company will realize savings in the form of:
Technology has certainly changed the way we communicate in business, but the telephone remains a constant in the day-to-day operations of the modern office. You’re sure to see a telephone on the vast majority of desks in any workplace you survey. However, while we still make phone calls in the course of doing business, the technology we use to facilitate these calls has changed drastically from the traditional landlines we’ve relied on since the 19th century.
Despite the fact that much of the way we conduct business these days is done digitally, companies large and small still rely on printing. In fact, it’s a bigger expense than you would imagine—research shows the average company spends one to three percent of its total annual revenue on print expenses. With this much of your budget going toward printing, it’s important for companies to gain a better understanding of these costs to ensure this money is being spent wisely.
Why is it that companies are eschewing traditional phone systems in favor of VoIP systems, making it an industry standard?
VoIP systems are much more cost effective, as there is no need to invest in expensive hardware. Your cost-per-call is significantly reduced, with even long distance phone calls costing you less.
IT is a critical component of business, and companies are devoting a large portion of their budgets toward it. This trend is expected to grow as we become increasingly reliant on technology in the workplace. This anticipated growth is not limited to large companies—a new update of the Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts that total IT spending by small- and medium-sized businesses (SMBs) will approach $568 billion during 2017. Moreover, this number will increase by more than $100 billion to exceed $676 billion by 2021. These statistics show that SMBs recognize the value of IT, with hardware, software, and services helping to improve productivity and keep up with the competition.
Businesses of all sizes across the world are turning to Managed Print Services (MPS), a solution by which a company's document output is outsourced and managed by an external provider. Market-research firm Transparency Global Research reports the global market for MPS will register a strong compound annual growth rate (CAGR) of 14.8 percent through 2024. And with good reason: according to The Gartner Group, adopting an MPS program—including printing fleet optimization efforts—typically saves an organization 30 percent on its print-related costs. Savings like these are no small financial windfall, as according to International Data Corporation (IDC), the average business eats up anywhere between 5 percent and 15 percent of its annual revenue on document costs.
As organizations become increasingly more reliant on technology for their day-to-day business operations, IT is a critical area for businesses both large and small. Managing your IT infrastructure is a complex, demanding, and fluid endeavor. It is a task that most companies simply aren’t capable of adequately tackling themselves due to lack of time and resources. Today's IT-driven work environment presents your team with a number of pain points that will inevitably arise.
By outsourcing IT services to a Managed Services vendor, you can alleviate a number of pain points associated with an in-house approach to IT including:
Multifunction printers, or MFPs, offer big rewards in a relatively small package. The minimal footprint of an all-in-one machine eliminates the need for separate standalone printers, copiers, scanners, and fax machines, saving your business space and money. Consider these factors before your next MFP purchase or lease:
Printing – When choosing an MFP for your business, it’s important to survey your current print outputs and volume needs. Depending on individual makes and model types, MFPs can print up to thousands of pages per day on diverse media—like letterhead, thick cardstock, envelopes, and labels—while other devices are more limited in terms of output and paper handling.
By now, you’ve probably heard about MPS (Managed Print Services), but you might still wonder how it can impact and improve your business in tangible ways. Here are three of the biggest benefits MPS provides.
#1: MPS lowers operating costs.
If you’re not sure how much you’re spending on printing, you’re not alone. But chances are you’re spending more than you need to. Unmanaged print environments leak business funds and create waste. Printing expenses account for more than just your cost-per-page. When you consider costs for hardware, ink, toner, paper, and the often-overlooked cost of employee time to maintain your devices, it becomes clear that printing expenses should be managed and controlled. MPS can reduce your overall printing expenses by as much as 30 percent and puts you back in control of how much you spend.
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