To maximize the value of investment for a Fortune 500 insurance group.
Strategy: An auto insurance provider needed printing services for printing explanation of benefits, monthly insurance billing statements, policy cancellation notes, renewal declaration and insurance policy reinstatement. The focus was to analyze the project in detail and determine all areas for improvement, including paper brand and stock weights, production, postage and logistics while also driving the cost savings, decreasing the risk on any planned or unplanned business interruptions, increasing data security and adopting modern methods of communication.
Results: Print Outsourcing achieved a 29.5 percent savings on total procurement costs over the previously established baseline.