How SK Finance Reduced Costs and Increased Efficiency with Wepsol’s fluidPrint MPS.
SK Finance, India’s leading Non-Banking Financial Company (NBFC) catering to the financial needs of individuals and businesses for over 30 years headquartered in Jaipur, Rajasthan with a network of over 700 branches spread across the country, SK Finance provides tailored financial solutions It specializes in loans for commercial vehicles, tractors, two-wheelers and small business lending.
SK Finance has emerged as a key driver of financial inclusion focused on empowering populations in rural and semi-urban areas. The company’s product offerings include MSME loans, car loans, and business loans. It is designed to meet the unique needs of these communities.
Challenges faced by SK Finance
With over 700 locations, SK Finance was struggling with annual print costs exceeding ₹1.5 million due to excessive, unmonitored printing. They were looking for solutions that would resolve multiple challenges like:
- High printing costs and unmanaged printing
- Lack of print visibility of multiple printer models across 700+ locations.
- Frequent printer downtime and damage
- Insufficient print security
- Inefficient document workflow
- Increased burden on the IT department
Wepsol’s Tailored Approach to Print Management:
To digitize, transform, secure, and unify the print infrastructure across 700+ locations.
Solutions implemented:
- Control of Print Solution: Reduced unnecessary print jobs, excessive use of paper, and maintenance costs.
- Visibility over Print data: Monitor and optimize equipment management based on print usage patterns across 700+ branches,
- Reduce printer downtime: Ensure optimum device operation reducing troubleshooting and equipment management.
- Free up IT resources: Proactive maintenance and support provided by support specialists, freeing IT staff to focus on critical initiatives.
- Secure printing environment: Protect sensitive financial information, ensuring regulatory compliance with user authentication and encryption.
Result:
SK Finance achieved a 45% reduction in printing costs, 35% decrease in printer downtime, and freed up 200+ hours of IT resources per quarter by adopting Wepsol’s fluidPrint
Wepsol’s fluidPrint MPS helped us cut down printing costs by 45% while enhancing our overall efficiency. We now spend less time troubleshooting and more time focusing on our core business.” — Yogendra Rajoria, Sr. Manager-IT, SK Finance.
With Wepsol’s fluidPrint Managed Print Services, SK Finance has successfully replaced 30 older multifunction printers (MFPs) with 270 new Kyocera M2040dn units. Additionally, 300 units were installed in new SK Finance branches over the next 3 months. This overhaul has significantly reduced SK Finance’s printing costs, increasing printer uptime and improving overall operational efficiency.
About Wepsol:
Wepsol is India’s leading provider of Managed Print Services (MPS), and a pioneer in this space for over two decades. fluidPrint offers an integrated approach to managing print infrastructure. Businesses benefit from Wepsol’s solutions by paying only for what they print while enjoying optimized print environments, enhanced security, and reduced costs.
With over 2,000+ service locations,500+ enterprise customers, and 100,000+ managed devices, Wepsol ensures seamless print operations through features such as secure remote printing, scalable solutions, and predictive maintenance. These services are tailored to various industries including BFSI, healthcare, manufacturing, retail, and more.
Are you ready to transform your print environment and reduce costs? Contact Wepsol today for a customized consultation.