Pittsburgh November 15, 2002 Commonwealth Bank of Australia is set to use an enterprise print management solution from software company Printcafe in a bid to automate and streamline its print procurement processes.
One of the largest financial institutions in Australia, with more than 135,000 outlets and 10 million customers, Commonwealth Bank will use Printcafe's EnterpriseSite in a bid to gain greater control over the procurement of printed materials across its entire enterprise.
The bank is counting on the solution to produce cost savings and productivity improvements by automating the print procurement process.
Printcafe said its solution gives procurement professionals greater visibility into, and control over, their print procurement expenditures. Print buyers and project managers can use automated tools to generate project specifications, request and approve quotations, select vendors, centrally manage print jobs and collaborate with suppliers online.
"The EnterpriseSite will enable the Bank to collaborate both internally and with suppliers," said Ross Peoples, general manager for group procurement at the bank, "and we expect to realize significant time and cost savings through improved visibility and economies of scale."
Commonwealth selected Printcafe on the advice of Cyberlynx, an Australian procurement service providers (PSP), to which the bank outsources its procurement services. "This initiative supports our vision to implement best practices in print procurement and complements our outsourcing efforts with Cyberlynx," Peoples said.