HP Announces Payback Guarantee for Managed Print Services
Two programs from HP aim to help businesses reduce their overall printing costs--and the company said it would pay back the difference if their customers don't reach the savings goal HP projected.Technology giant Hewlett-Packard introduced two offerings the company said would help enterprises cut printing costs, the HP Printing Payback Guarantee and the HP Page Plan. The payback guarantee states if qualified enterprise customers do not reach their projected savings goals within 12 months of implementation of HP Managed Print Services (MPS), HP will make up the difference. The page plan is a bundled solution managed by the customer to provide a scalable, flexible way to take greater control of a company's imaging and printing environment.
"The HP MPS solution has allowed AIB to deliver improved service quality, reduced cost and mitigated risk, in line with AIB Operational Excellence Agenda. The results were achieved through the introduction of fewer devices, using the latest HP technology, through the use of duplex printing, auto deletion and linking staff ID cards to initiate and track print jobs," said AIB's head of managed services Harry Troute. "An AIB in-house developed Management Information System (MIS) uses data from the HP MPS solution to deliver up-to-date cost and usage information via the intranet." According to research firm IDC, Global enterprise companies will spend more than $172 billion on printing this year. A similar report by All Associates Research found in a typical enterprise printing environment, for every dollar spent on hard costs, another $9 is spent managing the printed documents over their life cycles.
"In today's tough economic times, companies want a partner who understands their business and is willing to share the risks," said HP's senior vice president of worldwide sales and services for the imaging and printing group Bruce Dahlgren. "It may seem counterintuitive that a printing company like HP wants to help customers print more efficiently but that's exactly our focus and intent - to help our customers print more responsibly and intelligently."