Is Managed Print Services Right for My Business?

Posted by Terry Willis on January 5, 2018

Maybe you've heard about managed print services, and you’re not sure whether it's a service your business would benefit from. After all, how complex can printers and copiers be? But instead of asking how hard understanding print equipment is, ask yourself the following questions and uncover the value a managed print services program can provide to your business.

Is Managed Print Services Right for My Business?

#1: Do you have printing technology in your office?

Whether you have 3 devices in your local small-town office or hundreds of printers in 10 offices scattered across the Midwest, managed print services is right for you. The benefits of print management can apply to any business, regardless of size and print equipment quantity.

#2: Do you have a print strategy?

Most organizations do not take the time to define a print strategy. It is time-consuming and falls low on the priority list. The costs associated with printing can add up to between 1-10% of an organization’s total revenue. Putting a print strategy in place that effectively monitors and manages your fleet of equipment can provide your organization with cost savings of up to 30%.

If you do have a print strategy in place, not only are you ahead of the curve, you already know the value print management is providing your business. Now the question becomes, are you benefiting as much as you could? At its core, a managed print services program is a print strategy (but this is only the beginning), and experienced providers have mastered print efficiency. They can provide the additional knowledge and expertise to provide the most value.

An MPS provider can take the burden off of your IT staff’s shoulders so they can stay focused on more important priorities. Plus, it never hurts to get a second opinion to make sure you aren’t missing out on any cost-saving opportunities.

#3: Do you know how much your print costs are?

managed print servicesMost businesses don’t have an accurate understanding of their print costs. Commonly, we find businesses only take into account the cost of equipment, service and supplies.

However, these hard costs are only a portion of what makes up your total printing investment. When determining this number there are several indirect costs that can significantly impact your total expenses. Take into account all components: equipment, supplies, maintenance, employee burden rates and equipment life. These generally add up to an unpleasant surprise for many businesses.

Knowing the true total cost of ownership gives you the ability to truly manage and reduce your print costs. Managed print service providers could assist you in identifying these details during an initial assessment; they then compare these numbers to an optimized print environment. More often than not, an MPS program offers ample cost-saving opportunities that are currently being overlooked.

#4: Do you want to save time and money?

As we’ve already mentioned, implementing a print strategy could save your business up to 30%. Additionally, an initial print technology assessment will likely uncover unknown print costs and missed opportunities to save even more. Many MPS programs save organizations money because they allow employees to focus on their priorities and leave these print technology responsibilities to experienced professionals who perform these tasks on a daily basis. These cost-saving benefits are achieved by:

These questions are positioned to get you thinking about your current print environment and how it is currently being managed. Every business has a unique situation, but we believe managed print services can provide value to most businesses. Request a free print technology assessment to get a more concrete answer to questions like, “What is managed print services and is it right for my business?” Your assessment results will give you your answer.

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Topics: Managed Print Services, Timing, print costs, Consumer Services, B2B