SOURCE: Equitrac

Equitrac

May 17, 2010 15:17 ET

Equitrac Print Management Software Provides Financial Services Firms Solutions to Cut Costs, Secure Printing, and Support Green Initiatives

Equitrac Office Delivers Measurable Results to KeyBank, MasterCard and Global Financial Services Firms

PLANTATION, FL--(Marketwire - May 17, 2010) -  At a time when financial services organizations are under pressure to service customers with fewer resources, secure non-public information, meet compliance regulations, and establish themselves as better corporate citizens, Equitrac is demonstrating that intelligent print management software can help firms address these critical issues.

Equitrac Office® is a single, cost-effective solution that enables financial services companies to increase document security and provide an audit trail of print activity by leveraging authentication at any printer; reduce costs by optimizing printer usage; give users convenient access to secure documents anywhere; and minimize waste to support environmental sustainability.

KeyBank, an Equitrac customer since 2008, needed a software solution that would create awareness of printing, monitor and measure use across the company, and track and report the habits of its 16,000 employees in support of its SmartPrint initiative. Through SmartPrint and the implementation of Equitrac Office, the company saved more than $2 million in printing costs over 18 months, reduced annual print impressions from 211 million to 123 million, the equivalent of 70 acres of trees, and cut color printing by 50 percent.

"Print management works. KeyBank went through a significant cultural transformation, a dramatic reduction of our footprint, and our IT staff has saved an enormous amount of time through vastly superior management of our print environment," said Angie Masini-Sloan, Senior VP & Director of IT Procurement, KeyCorp. "And the entire initiative has been driven by our end user community. One page, one employee at a time."

MasterCard's Miami office, the headquarters for 11 field offices in Latin America, is using Equitrac Office to add security, convenience and accountability for its new multifunction printers. "When our copier lease came up for renewal we knew there was an opportunity to optimize our printing infrastructure by consolidating the hardware at our printing stations and to add print management software," said Freddy Elias, Facilities Manager, MasterCard Miami Office. "Print management features such as Follow-You Printing from Equitrac allow us to apply stronger security measures for our printed documents, while adding the convenience of being able to print from anywhere, which is extremely valuable for our mobile employees."

"Paper-intensive processes impact financial organizations of all types, presenting both risks in terms of protecting against information breaches, and opportunities to streamline print infrastructures to cut costs, increase productivity and improve customer service," said Noel O'Dwyer, Equitrac Corporation's Vice President of Marketing and Strategic Alliances. "Our print management solutions provide immediate returns for financial services firms looking to reduce operating costs, provide a more secure, compliant environment, optimize core IT infrastructure, and drive environmental sustainability."

For more information on the benefits of Equitrac for financial services organizations, please visit www.equitrac.com/equitrac_office_fs.html

About Equitrac
Equitrac Corporation is the global leader of intelligent print management and cost recovery software solutions for the corporate, legal, education, healthcare, and financial services markets. Equitrac's solutions are mission critical to all enterprises that are looking to more effectively manage their printing environments, reduce printing costs, increase security, and lessen their environmental impact. The company is backed by an unmatched R&D program and is a preferred technology partner with all leading providers of multifunction devices. Equitrac has been in business for 30 years and has more than 23,000 customers in 40 countries. Equitrac's solutions are deployed in Global 500 companies, AMLAW 200 legal firms, and leading colleges, universities, and school districts. For more information, visit www.equitrac.com.

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