10 Big Managed Print Services Benefits for Every Business

Home > 10 Big Managed Print Services Benefits for Every Business

10 Big Managed Print Services Benefits for Every Business

July 24, 2023

It’s not just major enterprises that rely on outsourced print management solutions; businesses of all sizes turn to Managed Print Services to save resources, time and money.

What is a Managed Print Services (MPS) partner?
An MPS partner is an outsourced print provider who helps evaluate your current printer fleet, recommend ways to streamline it, monitor your needs, provide on-site customer service and offer an effective print strategy that saves time and money.

But there’s more to it than that. Let’s dig into the top 10 Managed Print Services benefits for small business:

1. Reduce Unexpected Print-Related Expenses

There are many wasteful practices that add unnecessary costs, including printing too many pages, using color printing instead of black-and-white, printing on just one side of the paper and more. Managed print strategies and automated settings can help companies cut costs up to 50%.

Month-to-month spending on printing can be unpredictable, but MPS comes with a consistent monthly rate.

2. Rightsize Your Printer Fleet

Many organizations now allow a portion of their workforce to work remotely, lessening the number of print jobs and the demand on company printers. Do you have too many printers, or not enough? With a Managed Print solution, you’ll receive periodic assessments of your print environment to ensure it still serves your needs.

When deemed necessary, you’ll consolidate your print fleet to include only the most efficient, updated and necessary equipment, and get rid of outdated printing devices that only cost you money.

3. Gain Greater Control

In addition to rightsizing a printer fleet, MPS puts additional controls in place to help lower printing costs and track usage through print management software like Bizmann System, Epson EPA / ERS or Iofiz Solution.

Print management software allows companies to track usage, implement pull printing, ensure proper routing and print from multiple devices including mobile. Software is only as good as your MPS provider, however, so make sure they can integrate and configure it to your systems, including Mac devices.

4. Minimize Downtime

How many people does it take to fix a paper jam? There is no punchline — lost productivity is no joke. More than 60% of companies in one survey cited an average of two to six hours of costly downtime per incident. Unnecessary downtime and time-consuming staff intervention could cost your company thousands of dollars in lost productivity and labor each year.

5. Conduct Preventative Maintenance

A good Managed Print Services program will perform proactive routine maintenance, cleaning and checkups of your printers and copiers to help ensure everything is working properly. This best practice reduces the likelihood of a breakdown occurring in the first place.

6. Get Just-in-Time Toner

Managed print helps eliminate wasteful practices, and will even automatically order more toner when you run low. Employees will feel less frustrated and improve productivity because they’ll spend less time tracking down supplies, ordering them, and waiting for them to be replenished.

7. Support Green Initiatives

Reducing waste doesn’t just save money within your print environment; it can help save the actual environment, too. Encourage a sustainable printing culture in your organization for today, tomorrow and the future with MPS.

Wasting less paper and toner is just a start. Newer print equipment is much more energy efficient than outdated printers and copier machines. Also ask whether your MPS provider offers toner cartridge recycling.

8. Heighten Your Security

Managed Print Service providers offer a vast improvement to your business’ security by ensuring your company complies with regulations such as Malaysia Companies Act 2016, Sarbanes-Oxley Act (SOX), UK Corporate Governance Code (UK CG Code), Bursa Malaysia Listing Requirements and other federal mandates.

MPS also offers device authentication and encryption, which prevents unauthorized access to documents and networks. Swipe-to-print technology, authorized document release and more help ensure that confidential information won’t end up in the wrong hands — whether a cyber criminal or an internal threat.

9. Consolidate Vendors and Reduce Fraud

Limiting fraud exposure is another important security measure. Toner pirates are scam artists that steal millions of Ringgit Malaysia annually by tricking organizations into paying inflated rates for toner and printer supplies. Having a single MPS provider streamlines operations and helps you know when a fake invoice from an unscrupulous party comes across your desk.

10. Reduce the Burden on Your IT Department

Calling your IT department for a paper jam or other simple fix can be a big drain on their time, adding unnecessary labor costs and taking them away from critical functions. There are very few, if any, companies in the world that have printer technicians on staff. An MPS program should have experienced technicians with specialized technical training to understand your entire fleet’s unique functions.

The benefits of Managed Print Services are many. If your organization would like to save money and benefit from a Managed Print provider, feel free to contact our team for a free, no-obligation Managed Print Needs Assessment!