Canon helps YES BANK to reduce printing cost by 40%

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

To streamline and enhance the printing infrastructure of YES BANK across its 430 branches, Canon India(NYSE:CAJ) has announced that it will be outsourcing the Bank’s entire printing requirements with over 500 equipments. The engagement with Canon will help YES BANK to manage all the printing services, including consumables, on a per-click model basis.

With this acquisition, Canon will implement Managed Document Services (MDS) to help the Bank to combat a challenge in consolidating its printing infrastructure especially in tier-II and -III markets. YES BANK’s goal of attaining standardization across all locations was achieved with the support of Canon providing them accessibility to monitor and track company’s print environment and usage on Real-time basis.

Alok Bharadwaj, Executive Vice-President, Canon India, said, “We are privileged to be associated with YES Bank’s growth journey in India. Our five-year association with them has helped us understand their business and offer them an end-to-end printing infrastructure as per their requirement. By adopting Canon MDS, YES BANK has seen a reduction of 35 to 40 per cent in overall printing and are able to achieve standardization across locations. With Canon delivering them a high uptime of 99 per cent, they have reduced approximately 30 per cent of carbon footprint.”  

“We have seen a 35 to 40% reduction in routine business and management costs over the previous model. This engagement with Canon has brought in more control. We can centrally monitor the usage of printing, scanning, and photocopying at our branches. It has been a beautiful engagement for us and we hope to implement this across the YES BANK group and set an example in the banking service provider industry,” said Venkat Krishnan, CTO, YES BANK......See More