Even with the rise of text alerts, email, and mobile marketing, printing remains an important part of day-to-day business for many companies. But, do you know how much you’re spending on your print environment? You’re not alone if you don’t! Here are some surprising statistics that highlight the importance of managing and monitoring your print expenses, and the real cost associated with an unmanaged print environment.
Almost 90% of Companies Don’t Track Print Costs
Today, in an age of budgetary constraints and cost controls, it’s surprising that, according to Buyer’s Laboratory, 90% of businesses don’t track their print costs. When you factor in the costs of toner, paper and service, maintaining a print fleet can be expensive. If your print environment isn’t being monitored, you could easily be losing money on products or services your business doesn’t need.
Document Management Costs Represent Between 5 and 15% of Revenues
An IDC study found that the average business spends between 5 and 15% of annual revenues on print-related costs. Working with a Managed Print Services provider will ensure that the machines, supply use, and users are all operating efficiently.
The Average IT Team Spends 15% of its Time on Print Issues
The average IT department spends 15% of its time dealing with print issues including user assistance, software and network compatibility issues. Printing issues can take your IT team away from critical business functions – adopting a print strategy can help free up their time.
23% of Help Desk Calls Are Print Related
The average print desk is overwhelmed by print related calls. According to IDC, 23% of calls are print related.
A Managed Print Services (MPS) provider can help you get your print environment under control. A strategic agreement will provide you with stable, long-term access to print management, support, and resources at affordable rates. MPS can improve workflows, streamline your print fleet, and simplify vendor relationships. MPS can potentially reduce your print expenses by up to 30% while improving productivity and reducing waste.