Case Study: a top 25 insurance and wealth management provider cuts output costs by $10 million with Lexmark Managed Print Services and Print Release

Top 25 Insurance and Wealth Management Provider cuts output costs by $10 million over 5 years with Lexmark

The customer, a top 25 insurance and wealth management provider, faced significant challenges in controlling its sprawling and costly print environment. With an estimated 10,000 devices across 125 sites, the company lacked visibility into its printing expenditures and struggled with inefficiency and security concerns. To regain control and cut costs, the company chose Lexmark Managed Print Services after a thorough RFP process.

Lexmark implemented a comprehensive solution that included a drastically optimized fleet of devices and the Lexmark Print Release software. This resulted in a projected net savings of $10 million over five years and a 78% reduction in the number of output devices. The Lexmark solution also significantly enhanced document security, reduced the company's environmental footprint, and received extremely positive feedback from employees.