Each week, we have discussed the numerous industries that stand to benefit from managed print services. From educational organisations all the way through to non-profit organisations, every industry can enjoy many benefits from outsourcing their print demands. For the financial industry, the need for sustainable, cost-effective print solutions is extremely important, especially in companies dealing with sensitive information.
Some of the ways that managed print services assist financial organisations and departments include the following:
- Reduce costs – the most important benefit of MPS for financial organisations or departments is the potential for major cost savings. From accounting companies all the way through to in-house bookkeeping departments, the primary goal of financial organisations or departments is to save the company money, and implement ways to help the company manage resources more effectively. MPS enables savings on all levels, from print related costs all the way through to hardware and software costs, admin costs and management costs that come as a result of outsourced programmes.
- Greater accountability and transparency – another major aspect of financial organisations is the need for accountability and transparency. Use of company resources is just one area that financial managers, accountants and other financial personnel focus on for their employers or clients. Keeping track of all print related costs through audits of printers, fax machines and copiers is the best way to benefit from managed print services by showing costs and resource use at all times.
- Increased workflow and organisation – in a busy financial organisation or department, time is of the essence. As client's time is billed on an hourly rate, and many transactions are time-sensitive, there is seldom time to spend dealing with broken printers, jammed fax machines or other issues. As an outsourced solution, MPS ensures a better workflow, leaving admin staff free to focus on their designated roles rather than dealing with print related problems.
- Increased return on investment – the ultimate return on investment from managed print services comes not only from cost savings, but also preventing the waste of resources. As most financial managers play a core role in the management of a company's budget, all departments need to learn how to reduce waste and ensure the best results from the set budget for print related strategies.
- Increased turnaround – downtime is a major concern for any and every industry, but for financial organisations that rely on a quick turnaround, it can have serious consequences for a financial report to be handed in late, or a company budget that is due by the end of the day to be submitted late. MPS offers a simple way for all companies to reduce downtime through an outsourced model that ensures an increase turnaround on all print related problems. In this way, managed print services saves financial organisations and departments not only money and resources, but also time.
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