But any organization contemplating the transition to inkjet printing will want to first understand the issues and options before either purchasing multi-million-dollar digital color printers or outsourcing production to a provider who\u2019s already invested in one.<\/p>\n\n\n\n
Whether you\u2019ve just recently considered digital printing solutions, are actively gathering information, or are close to pulling the trigger, these five essential insights will show you the impact that color can have when used in your transactional customer documents and your overall business communications.<\/p>\n\n\n\n
\n\n\n\n
![\"Advantages](\"https:\/\/fssi-ca.com\/staging\/wp-content\/uploads\/The-Case-for-Moving-to-Digital-Printing-Output-1-800x1185.png\")
<\/figure><\/div>\n\n\n\n\n\n\n\n
#1: Why is Document Design Important?<\/h2>\n\n\n\n
Thanks to marketers\u2019 vigorous pursuit of personalization<\/span><\/a>, today\u2019s consumers expect high-production value from any form of communication they receive\u2013from websites and direct mail to email and account statements. Marketers call this the expectation of \u2018relevance.\u2019<\/p>\n\n\n\n This makes relevant document design a kind of \u2018behind-the-scenes\u2019 strategy. Companies can utilize this new technology to support several business initiatives. This includes brand building, cross-selling, and customer education. Design best practices can even improve cash flow by helping to stimulate faster, more reliable payments. Techniques employed these days include simplifying navigation and layout and using color to highlight messages. You can also highlight account balance, and payment date or amount due.<\/p>\n\n\n\n Many large and mid-sized financial services brands\u2013banks, credit unions, auto finance companies, and others\u2013have already made the move to digital inkjet color, either buying their own equipment or outsourcing to a color-enabled print-mail vendor. Technology research company, InfoTrends, affirms the upward trend, predicting that by 2018, production color inkjet will account for 59 percent of production color volume. This is nearly double the volume in North America and Western Europe compared to 2012. <\/b><\/p>\n\n\n\n Still, many organizations that could benefit from inkjet digital and adding color to statements have yet to make a move, mainly for reasons that include:<\/p>\n\n\n\n These and many other challenges can leave color adoption in limbo.<\/p>\n\n\n\n Despite lots of conflicting opinions, customer-facing documents DO, carry a great deal of business value. They can be a valuable marketing tool to acquire and retain customers. Here are a few reasons why traditional customer documents are still valuable today:<\/p>\n\n\n\n Unlike a lot of mail, transactional statements are still very valuable because consumers trust in them. By some estimates, people open and read up to 95 percent of these documents, which can include statements, invoices, and other account-related correspondence. They may also spend up to three times longer reviewing these documents.<\/p>\n\n\n\n The Consumer Finance Protection Bureau (CFPB) is a watchdog agency established by Congress after the last banking meltdown. A specific subset of CFPB rules applies to the secure handling and processing of consumers\u2019 personal and account information, like that found in financial documents.<\/p>\n\n\n\n Regulatory compliant documents<\/a> add value by reducing the risk of fines, penalties, and negative publicity. Noncompliant documents, or those produced in an under-certified or less-than-compliant setting, can quickly become a serious liability.<\/p>\n\n\n\n Adding color increases document value by increasing customer engagement, and thus opportunities for deeper, longer-lasting connections. Xerox Corporation says that colorized documents are up to 80 percent more likely to be read, adding that color increases comprehension by as much as 73 percent.<\/p>\n\n\n\n There\u2019s no question that digital color\u2019s appearance-driven benefits (engagement, trust, retention, etc.) are significant. But they are by no means the only upside. If they were few companies would be investing as they are today in color document production. Over time, however, the biggest returns may actually come from cost savings driven by other aspects of the technology:<\/p>\n\n\n\n Inkjet digital printers have made preprinted stock obsolete. In addition, it has eliminated certain costs and fees associated with managing and maintaining inventory. With inkjet continuous printers, there is no paper waste and the paper stock never goes obsolete. Companies that use inkjet printers pay only for the paper and envelopes they use. As a result, this has reduced costs and increased cash flows.<\/p>\n\n\n\n With inkjet digital printing, document data and page design are printed simultaneously. This built-in flexibility simplifies changes to logos, addresses, color selection, placement, and other page-design elements. Even finishing is more efficient. Vertical or horizontal perforations, for example, can be done dynamically. They can also change positions with each page if required. This eliminates the need for pre-or post-production processing.<\/p>\n\n\n\n Companies today view color document production as a viable choice for improving their customer communications. As a result, we’ve seen continuous growth and client color conversions at FSSI.<\/p>\n\n\n\n Since purchasing our high-volume inkjet printing<\/a> system, FSSI has helped clients in a wide range of verticals<\/span> successfully transition to producing documents on an inkjet printer. From 2013 to the present, we have printed multiple millions of color documents. These documents include statements, bills, invoices, letters, and other customer-facing or compliance-related documents.<\/p>\n\n\n\n Outsourcing color document production, instead of keeping it in-house, can help your company:<\/p>\n\n\n\n Many companies have started to consider the move from black ink on preprinted shells to digital inkjet color. This is due to competitive pressures, changes in consumer expectations and advances in color printing technology. The potential returns-on-investment, studies suggest, might be too good to ignore.<\/p>\n\n\n\n If you have questions about moving to inkjet technology, contact one of our inkjet printing specialists<\/a><\/span>. We\u2019ll get back to you promptly with answers or suggestions.<\/p>\n\n\n\n Is Digital Color the Right Choice for your Business? If recent trends are any indicator, high-volume statement mailers will soon consider moving from black-ink on white-paper customer documents to those that incorporate inkjet digital color. Studies suggest that the business advantages, including greater engagement, response rates, and loyalty, might be too good to ignore. There […]<\/p>\n","protected":false},"author":4,"featured_media":16489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,40,46,48,49],"tags":[44,45,38,47],"class_list":["post-3499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-color-psychology","category-document-design","category-how-to-guides","category-outsourcing","category-printing","tag-banks-and-credit-unions","tag-branding","tag-color","tag-insurance"],"acf":[],"yoast_head":"\n
\n\n\n\n#2: Color use is increasing, but color printing is still underutilized in some industries<\/h2>\n\n\n\n
\n\n\n\n#3: Increasing document value is not just a buzzword<\/h2>\n\n\n\n
Trust adds value<\/h3>\n\n\n\n
Simple compliance management adds value<\/h3>\n\n\n\n
Adding color to statements adds value<\/h3>\n\n\n\n
\n\n\n\n#4 Inkjet\u2019s biggest ROI gains have little to do with looks<\/h2>\n\n\n\n
Lower stock costs, management and warehousing fees<\/h3>\n\n\n\n
More flexible design and finishing<\/h3>\n\n\n\n
\n\n\n\n#5: Outsourcing is a popular, cost-effective digital printing solution<\/h2>\n\n\n\n
\n\n\n\n![\"Things](\"https:\/\/fssi-ca.com\/staging\/wp-content\/uploads\/Should-You-Partner-with-a-Digital-Printing-Services-Provider-800x1035.png\")
<\/figure><\/div>\n\n\n\n
\n\n\n\nSummary<\/b><\/h3>\n\n\n\n
\n\n\n\n![\"Contact](\"https:\/\/fssi-ca.com\/staging\/wp-content\/uploads\/CTA-Button-Logo-Placement-800x273.png\"){kind=logo}
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"