The Secret to Cutting Your Printing Costs in Half
In today’s rapidly changing economy, businesses everywhere, including credit unions, are tightening their budgets and cutting back on unnecessary operating costs.
One commonly overlooked area for saving money is printer and copier expenses. With several teams permanently transitioning to remote work, some machines are likely being used much less frequently. But credit unions still need printers and copiers. After all, even with new digital technology solutions hitting the market every day, print is not going away anytime soon.
So how can credit unions tighten their spend on these important tools while increasing efficiency?
Strategic Link partner NuQuo has a few tips:
- Downsize: One of the easiest ways to shave costs is to consolidate your assets. Depending on the size of your credit union, consider maintaining a few — two or three —printers that your entire staff shares, instead of having a printer in every office or at every desk.
- New vs. Used: It’s important to understand the differences between owning new or refurbished equipment. Many vendors fully restore used machines and offer them at a lower price. If going this route, just make sure your purchase comes with a warranty.
- Rent: Another idea for savings is to consider renting versus buying. If you don’t want to take on the risk of owning equipment, try renting for a period of time to determine whether it meets your credit union’s needs.
NuQuo is committed to helping credit unions save money. The vendor-neutral independent consulting firm specializes in analyzing office equipment contracts to find the best savings. NuQuo secures special pricing unavailable to the general public and negotiates the terms and conditions for lease and service contracts. By understanding the importance of analyzing and controlling printing costs, the Strategic Link partner regularly saves credit unions an average of 30-60%.