If you run an in-plant, you have dedicated employees to produce the documents. Labor is one of the most expensive expenditures for a company. In this case, your workers are purely a cost center, as they aren’t directly contributing to any revenue. On top of this, you have costs associated with compliance personnel. They may have other responsibilities, but they focus a large part of their time on adhering to transactional mail regulations.
With every mailed letter comes postage costs. It’s another area where pricing is volatile. In 2023, USPS is rolling out increases, and they’ll continue. Saving on postage is only achievable with significant bulk volume.
No matter how much mail you send out, you are likely seeing this drop because more people are adopting electronic statements, communications, and invoices. You still have an obligation to deliver mailed versions for many customers, but you can expect these costs to rise steadily.
The final segment of expenses deals with the space itself. You have leasing costs as well as utilities. All the security components also represent budget numbers, such as security and access systems. Even if you have locked in rates for the next few years, the cost to maintain the space is high.
Since print and mail aren’t an internal core competency, you’ll struggle with finding economies of scale that drive down costs. In the end, the total cost of ownership is a number standing in the way of profitability. That’s a great reason to consider outsourcing.
Eliminate In-Plant Printing Costs and Outsource with the Experts at PCI Group
PCI Group specializes in transactional print and mail. As a result, we are able to save our clients money. We have contractual agreements that allow us the best rates on paper, and our high volume guarantees optimization on postage. All the other costs—labor, equipment, technology, and space—are spread across hundreds of customers. In the end, you can dramatically reduce your print and mail expenses.
You’ll also enjoy industry-leading accuracy, a commitment to security and compliance, access to all your jobs and tracking in a secure portal, improved quality, and more.
Make the decision to tackle your in-plant budget by eliminating when you partner with us. Learn more about outsourcing today.