Are You Overlooking This Cost Reduction Strategy?

Mike O'Leary

Mike O'Leary Mike O'Leary

Vice President | Strategic Accounts

MIKE HAS A LONG HISTORY of working with companies to help them solve their unique problems, and his passion for this work has only increased over time. Mike also enjoys fishing, camping, boating, spending time with his daughters, and coaching baseball.

“My consulting experiences have focused on analysis, determining the best solutions, and then helping clients to implement those solutions. Pharos is all about discovery and change management. It's a match made in heaven. ”

Companies routinely spend millions of dollars — between 1 and 3 percent of their revenue — on the creation of paper documents. However, very few companies today measure and control this critical element of their IT spending budget. In fact, from our experience, most companies cannot estimate the number of printer and copier assets they own within 25 percent of the actual number.

Because printing costs and investments are largely invisible, most organizations have dramatically underestimated their costs and have over-invested in equipment. As a result, a huge savings opportunity exists when the right technology is in place.

Our experience has shown that the average 10,000-person firm can achieve more than $1.5 million in savings per year by implementing a strategic print optimization program. Larger organizations can save significantly higher amounts. Furthermore, many companies can easily reduce their printing costs by up to 30 percent while improving employee productivity. In different terms, it’s realistic to expect that companies can save between $360 and $600 per employee annually.

Read the full article at CEO World Magazine >>

Armed with the right print strategy, you’d be surprised at how much money you can save your organization every year. Let’s start the conversation.

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