“Managed print contracts come with a wide variety of options, but most start with a service provider’s assessment of the organization’s current infrastructure to determine exactly what equipment is in place and how much it costs the business.
Sometimes this can be an eye opener. According to the tech analyst firm Gartner, organizations spend from 1 to 3 percent of their annual revenues on printing. “But when you talk about how much they spend on print, they often don’t have a clue,” says Chris Iburg, director of managed print services for Xerox. “That includes how many devices they have and how the devices are being used.”
Managed print services can be most beneficial for organizations that are highly document intensive. Law offices, for example, may see a savings of 41 percent with the right managed service, according to research firm InfoTrends, while financial firms and healthcare organizations can expect an average savings of 33 percent and 27 percent, respectively.”