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Pitney Bowes (PBI - Analyst Report) helped its client Incepture Print Solutions to create White Paper Factory environment, which has generated more than $1 million in savings for the latter. The White Paper Factory saves production time and reduces costly storage and obsolescence of pre-printed paper, envelopes and promotional inserts.
Jacksonville, FL-based Incepture Print Solutions is one of the largest commercial print-to-mail operations in North Florida. By adopting the White Paper Factory model, Incepture Print Solutions is capitalizing on its return-on-investment on its printing and mailing operations in order to drive better results and revenues.
White Paper Factory provides flexibility and speed in transforming black-and-white Explanation of Benefits Statements for healthcare clients into full-color Member Health Statements with personalized messaging.
Secondly, the White Paper Factory enables printing and manufacturing 100% variable data print envelopes with personalized logos, addresses and messages in real-time during the wrapping process and facilitates regulatory changes or marketing messages to incorporated with ease. The solution permits Incepture to produce 20,000 completely assembled envelopes on hourly basis, which is four times faster than before, that too using only a single operator.
Thirdly, the White Paper Factory helps generate $300,000 in savings through paper reduction, shipping and storage space. Further, inventory storage for paper is also reduced by 75%. Lastly, the solution allows Incepture Print Solutions derive $800,000 in savings every year on postage costs by merging multiple jobs into a single, larger print run printed in Zip Code order.
The decision to shift to the White Paper Factory model comes after Incepture Print Solutions faced an uphill task of processing millions of transactional documents each month last year. It required multiple types of pre-printed forms, outer envelopes and business reply envelopes. Each job was individually printed and assembled, hence the job set-up and change-over production were labor-intensive and inefficient.
The decision is also in line with the long term strategy of Incepture, which is to streamline its workflow, reduce reliance on pre-print, and increase its ability to provide high-value client communications.
Incepture Print Solutions has now converted itself into a complete White Paper Factory. It has standardized processes for about 450 jobs on a daily basis. The company no longer uses pre-printed forms and envelopes, it has replaced this system by linking its print and mail operations to a single workflow to produce more engaging, colorful statements and other client correspondence.
Incepture Print Solutions has replaced six separate print engines with two IntelliJet Printing Systems and combined eight inserters to two Mailstream Wrapper Productivity Series mail finishing systems. The company presently manufactures 100% variable data statements and envelope wrap material on a single printing platform in black, full color or MICR, that have less maintenance and fewer operators.
Further, Incepture Print Solutions is the first company to purchase and install the Print+ Response Inkjet Module that prints monochrome, 100% variable data messaging and graphics on business reply envelopes, correspondence return envelopes or inserts in-line during high-speed inserting and wrapping.
PBI currently has a Zacks Rank #4 (Sell). Other stocks in the industry worth mentioning at the moment are Advent Software (ADVS - Snapshot Report), Ansys Inc. (ANSS - Snapshot Report) and CommVault Systems Inc. (CVLT - Snapshot Report). All three carry a Zacks Rank #2 (Buy).