How to Cut Printing and Copying Costs For a Business

Although many had believed the digital age would bring a dramatic decrease in the usage of paper as a medium, it is evident that this is not yet the case. The average company still prints around a hundred documents a day, which proves that paper is still irreplaceable in the business world. However, computers did bring us an unwelcomed change – increasing complexity in managing and controlling a company’s paper output.

Printing and copying costs can add up to three percent of a business’ overhead. Unplanned managing of printing resources can also prove to be time-consuming. The costs of printing and copying can be hard to track in a system that is not centralized, and poor management of paper output in general has a negative effect on the environment on many levels. Of course, there are ways you can cut the printing and copying costs of your business.

Where to start?

Do you know exactly how many printing devices your organization has? Do you know who uses these devices and how? Is the staff adequately skilled in using them? Identifying the problems is the first step in creating and implementing a successful print management strategy.

Research shows that a surprisingly big number of companies disregard or are unaware of the hidden costs associated to paper output, which amount to nine times more than what is spent on supplies, equipment and the devices themselves.

Managed Print Services

Managed Print Services (MPS) offer a way of outsourcing the management of your company’s printing and copying resources. Most MPS providers offer a wide array of services, from simply identifying the problems in your paper-output management and creating a strategy for overcoming them, to the provision of equipment, supplies, maintenance and overall management of everything related to printing and copying in your business.

This solution may seem like a costly one, especially considering that the first thing most MPS providers will recommend is a standardization of your equipment. However, one look at a long-term analysis of the benefits this investment will bring should be quite enough to assure you that you are making a right choice.

Environmental Benefits

The most obvious environmental benefit of a good paper-output management is a dramatic reduction in paper waste. Most companies without a valid print management strategy throw away much more of it that they realize. Considering that paper is made from a very limited resource, this is something nobody should be taking lightly.

Among many other environmental benefits, efficient management of paper output of your company can amount to energy savings of thirty to even eighty percent in some cases. It will also have a big effect on the lifespan of the devices, many of which are mostly unrecyclable or their recycling simply does not pay off. The same goes for supplies and consumables used in printing and copying.

Implementing a sound strategy for management of the paper output will no doubt have a beneficial effect on any company’s finances.

Besides the financial gain, you can expect an increase in employee’s productivity and overall improvement in every level of your business where handling paper is unavoidable. Your business will also become greener, so to speak, which certainly doesn’t hurt anybody, least of all the environment.

Mark has successfully helped cut overhead costs of his business by using managed print services which he reccomends to all companies that have a lot of paperwork.

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration. Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law. Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others. Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.

Recent Posts

5 Ways Social Media Helps You Run Your Business

Social media is one of the biggest topics in business. It seems like every day…

5 days ago

What Customer Service Means to MyCorporation

At MyCorporation, customer service is our biggest difference maker. Since we started the business, it’s…

3 weeks ago

5 Mistakes that can Haunt Your Business

It’s that time of year again! Haunted houses, ghosts, goblins, trick or treating, scary movies.…

3 weeks ago

What Back to School and Other Seasonality Means for Your Business

Kids are back in school, parents are back at work full time, and you’re wondering…

2 months ago

What is BOI and Why Is It Important to You?

If you’re a business owner, you’ve likely heard about BOI in the last two years…

2 months ago

The No-Nonsense Guide to Communicating with Your Customers

Now there are a lot of different platforms and ways you can market your business.…

2 months ago