Document Wastage Costing UK Businesses 2 Billion Pounds a Year

A recent study by Pitney Bowes has found that UK businesses are losing a staggering £2 billion a year due to document wastage.

These results are shocking at a time when businesses need to be watching their costs. One of the reasons for a high level of document wastage includes the unnecessary printing of work-related and personal documents.

It is necessary nowadays for businesses to monitor their print costs and to even implement a document strategy or policy. Whether your print facilities are in-house or outsourced, it is important to be aware of your document output, volume and costs. The Pitney Bowes research showed that by monitoring and centralising document management, businesses could cut their print costs by 10 - 30%.

Printing on demand is becoming a more popular option where businesses order documents as they need them, therefore only paying for what they need and reducing storage costs. This is a solution for companies who are printing more than they need.

Implementing a cost effective document printing policy is an area for UK businesses to make substantial cost savings.