Why Most SMEs Underestimate Their Printing Costs

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Ask most finance directors what they spend on printing and you will likely get an answer that covers ink, toner, and paper. Ask them what printing actually costs the organisation, and the room goes quiet. The gap between those two figures is where thousands of pounds disappear every year – untracked, unmanaged, and entirely avoidable.

Printing is one of the most consistently underestimated operational costs in UK business. It sits quietly in the background, generating invoices that seem unremarkable, whilst the true cost of running a print environment accumulates across energy bills, IT timesheets, wasted consumables, and uncollected documents nobody ever notices leaving the printer tray.

According to research from Quocirca, a leading print industry analyst, print and document management costs can account for between one and three percent of an organisation’s annual revenue. For a business turning over £2 million per year, that represents up to £60,000. Yet when managers are asked to estimate their print spend, the figure they give is almost always a fraction of reality.

This article breaks down exactly why that gap exists, what it is costing you, and what you can do about it. Whether you manage a ten-person professional services firm or a multi-site operation with dozens of devices, the same blind spots apply.

The Visible Cost Is Just the Tip of the Iceberg

Most organisations have a reasonable handle on the costs that appear on invoices. These typically include:

  • Ink and toner cartridges
  • Reams of paper
  • The monthly lease or hire purchase payment on hardware

These are the numbers your procurement team will recognise. The problem is that they represent, at best, fifty percent of what printing genuinely costs the organisation. The rest is buried in operational overhead, absorbed into general budgets, or simply never measured at all.

Key insight: Businesses that conduct a formal print audit consistently discover their true print costs are between 50% and 100% higher than their invoiced spend. The difference lies entirely in costs they were never tracking.

The Hidden Costs Most Finance Teams Miss

Understanding where the invisible spend hides is the first step to bringing it under control. Here are the six most common categories of hidden printing cost that consistently catch UK organisations off guard.

1. Wasted Prints Nobody Accounts For

Industry research suggests that between 17 and 21 percent of all printed pages are never collected from the output tray. Think about what that means in practice: more than one in six pages your devices produce is a complete waste – paper, toner, energy, and machine wear all consumed for a document that goes straight in the recycling bin, or worse, sits on the printer for days creating a data security risk.

Accidental double-printing, test pages, mis-sent jobs, and employees printing documents before heading into a meeting they then cancel are all contributors. None of these events generate a line item on an invoice. All of them add to your real cost.

The solution here is pull printing (also called follow-me printing): a system where print jobs are held in a secure queue and only released when the user authenticates at the device. This feature is standard within a managed print service. Uncollected print waste can drop by 20 percent or more almost immediately after implementation.

2. Energy Consumption

A standard office laser printer consumes between 300 and 500 watts during operation and continues drawing power on standby throughout the working day. An older or enterprise-grade multifunction device can consume considerably more.

In an organisation with ten devices left on 24 hours a day, seven days a week, the annual energy cost across the fleet becomes a meaningful figure and one that rarely sits in the print budget. It is absorbed into the building’s energy bill and attributed to general facilities overhead, making it effectively invisible to whoever manages print procurement.

Quick win: Enabling sleep mode and automatic power-down schedules on all devices is a cost-free configuration change that can reduce device energy consumption by 30 to 40 percent.

3. IT and Maintenance Time

This is the hidden cost that surprises organisations most when they see it quantified. Printer driver updates, network connectivity issues, paper jam clearing, firmware patches, and user support queries all consume IT staff time. In many organisations, a significant portion of the IT helpdesk ticket queue relates to printer problems.

If your IT team or managed IT provider spends just two hours per week on print-related issues, that translates to over 100 hours of skilled technical time per year. At a typical fully loaded day rate, that is a considerable sum, none of which appears on your print budget.

Older devices and fragmented fleets with hardware from multiple manufacturers exacerbate this considerably. Each different device model requires its own driver, its own maintenance schedule, and its own set of quirks to manage.

4. Consumables Mismanagement

The instinct to avoid running out of toner leads to over-ordering. Consumables get stockpiled in cupboards, forgotten, and eventually expire. Wrong toner is ordered for the wrong device. Third-party cartridges are purchased to save money but result in poor yield, device damage, or warranty complications that cost more to fix than the saving was worth.

Without a managed approach to consumables, organisations routinely hold three to four times more stock than they need at any given time. That is working capital tied up in a stationery cupboard, and a procurement cost that could be reduced significantly with proactive management.

5. No Cost Attribution by Department

Without print management software, every document printed in every department is invisible. Finance, HR, operations, sales, and marketing all share the same devices and collectively generate a single aggregate cost. Nobody knows which department is the highest consumer. Nobody knows whether colour printing is being used where mono would suffice. Nobody knows which individual is printing 300-page documents every week.

This absence of attribution means there is no accountability, no ability to set sensible budgets, and no data to inform policy decisions. Awareness alone is one of the most powerful drivers of behavioural change, simply showing departments their own usage consistently reduces print volumes.

6. Printer Fleet Inefficiency

Many organisations have accumulated their printer fleet over years, acquiring devices reactively as departments grew or old hardware failed. The result is typically a mix of manufacturers, models, ages, and capability levels, with a heavy reliance on individual desktop printers rather than centralised multifunction devices.

Desktop printers have a significantly higher cost per page than shared multifunction devices. They are also more expensive to maintain, harder to manage centrally, and consume more energy per page produced. An organisation with twenty desktop printers spread across an office could often achieve the same output with four or five well-positioned multifunction devices, at a fraction of the ongoing running cost.

What Does Business Printing Actually Cost Per Page in the UK?

One of the most useful reference points for understanding your print spend is cost per page. Here are typical benchmarks for UK business printing environments:

Print TypeAverage Cost Per Page (UK)
Black & white (laser)1p – 2p
Colour (laser)6p – 12p
Inkjet (colour)10p – 20p
Large format50p – £2+

To put that into context: an organisation printing 10,000 pages per month at an average blended rate of 5p per page spends £6,000 per year on cost-per-page alone. That figure does not include hardware, energy, IT time, or wasted prints. A business with a higher proportion of colour output, or older devices with a higher cost per page, could easily be spending two or three times that amount without realising it.

Many organisations have no idea what their average cost per page is. If you do not know yours, that is itself a significant red flag.

Signs Your Organisation Is Spending Too Much on Printing

The following indicators suggest your organisation has a print cost problem worth investigating. If several of these apply, a formal print audit is likely to uncover meaningful savings.

You have more printers than floors or departments in your building

You do not know your average cost per page across your fleet

Toner and consumables are ordered reactively, not proactively

Staff regularly print emails, single-page agendas, and documents used once

Nobody is tracking colour printing versus mono by department

Your IT team spends time each week resolving printer-related issues

You have devices from more than two different manufacturers

Your oldest printer is more than five years old

You have never conducted a formal print audit

Ticking four or more of these boxes is not unusual, it describes the print environment of most UK SMEs before they implement any formal management. The good news is that each one is fixable, and the savings from fixing them are cumulative.

How to Reduce Business Printing Costs: 7 Actionable Steps

The following steps are ordered roughly by ease of implementation, beginning with actions that cost little or nothing and progressing to more structured interventions that deliver the greatest long-term savings.

Step 1: Conduct a Print Audit

Before you can fix the problem, you need to measure it. A print audit maps every device in your fleet, its monthly output volume, its cost per page, its age and maintenance history, and its energy consumption. Most organisations find the results of their first audit genuinely surprising.

A professional audit will also benchmark your fleet against current market alternatives, giving you a clear picture of what you are currently spending versus what best-practice print management would cost. Many managed print providers, including Shine Business Solutions, offer a complimentary audit as a starting point.

Step 2: Set Default Print Settings to Mono and Duplex

This is one of the highest-impact, lowest-effort interventions available. Changing the default print settings across your fleet from colour to black and white, and from single-sided to double-sided, can reduce paper consumption by up to 50 percent and toner costs by 20 to 30 percent, with no disruption to workflow.

Users can still override these defaults when genuinely necessary. The key is removing the path of least resistance. When colour printing requires an active choice rather than happening by default, usage drops dramatically.

Step 3: Implement Pull Printing

Pull printing (or follow-me printing) holds jobs in a secure queue until the user authenticates at the device, typically via a PIN, swipe card, or smartphone. Print jobs that are never collected simply expire and are deleted.

Beyond reducing waste, pull printing also improves document security significantly. Sensitive documents (payroll reports, legal correspondence, HR files) are never left sitting in an output tray for anyone to read. For organisations operating under GDPR or sector-specific compliance requirements, this is a meaningful additional benefit.

Step 4: Introduce Department-Level Print Policies

Print management software enables you to set usage policies by department, by user, and by device. You can restrict colour printing to roles where it is genuinely needed. You can set monthly print budgets and alert managers when departments approach their limits. You can produce reports that show exactly what is being printed, by whom, and at what cost.

Behavioural change follows accountability. When teams can see their own usage data, print volumes consistently fall. This is not about policing employees, it is about giving people the information they need to make sensible decisions.

Step 5: Rationalise Your Printer Fleet

Replacing a cluster of individual desktop printers with fewer, well-positioned multifunction devices typically reduces cost per page, lowers energy consumption, cuts maintenance overhead, and simplifies IT management, all simultaneously.

The transition requires some change management, particularly in organisations where employees have become accustomed to having a personal printer. However, the operational and financial case is almost always compelling. A modern, well-managed multifunction device will also produce better output quality and more reliable performance than an ageing desktop unit.

Step 6: Move to a Managed Print Service

A Managed Print Service (MPS) replaces the reactive, fragmented approach to print management with a single, proactive, contract-based solution. Your provider monitors device performance, manages consumables proactively, handles maintenance and support, and works continuously to reduce your total cost of ownership.

Rather than receiving unexpected invoices for toner, emergency engineer callouts, or hardware replacement, you have a predictable monthly cost and a partner who is contractually incentivised to keep your print environment running efficiently and economically. To understand exactly what a Managed Print Service involves, including what is typically included and how it compares to print leasing, see our full explainer.

Shine Business Solutions provides managed print services to UK businesses across sectors including legal, education, professional services, and commercial. Clients typically achieve cost reductions of 20 to 30 percent in their first year of managed print.

Step 7: Digitise High-Volume Document Workflows

Some printing is not inefficiency, it is habit. Contracts, HR documentation, purchase orders, client reports, and approval workflows have all, historically been paper-based. Many continue to be, not because paper is better, but because nobody has questioned the process.

Moving these workflows to digital alternatives eliminates the print volume at source. Document management solutions enable secure, searchable, accessible digital filing that is faster to retrieve, easier to audit, and compliant with data protection requirements. The reduction in print volume is a by-product of a wider improvement in how the organisation operates.

What Could Your Organisation Be Saving?

The answer, frankly, depends on where you are starting from. But the data points are consistent: organisations that implement a structured approach to print management, whether through in-house policy changes, print management software, or a fully outsourced Managed Print Service, routinely achieve cost reductions of 20 to 30 percent.

For a business currently spending £30,000 per year on printing (a modest estimate for a 50-person professional services firm), a 25 percent reduction represents £7,500 per year. Over a three-year contract, that is £22,500 back in the business, plus the value of IT time recovered, sustainability targets advanced, and security risks mitigated.

The most important thing to understand is that most organisations do not have a printing problem, they have a printing visibility problem. The costs are there. The waste is there. The opportunity to reduce both is very much there. It simply requires measurement to reveal it, and management to address it.

The Bottom Line

Printing costs are rarely catastrophic in any single line on a budget spreadsheet. That is precisely what makes them so persistent. They accumulate quietly across energy bills, IT timesheets, wasted consumables, and inefficient hardware. They also compound month after month, year after year, in organisations that do not have a mechanism to track them.

The businesses that get this right do not just save money. They reduce the burden on their IT teams, improve document security, cut their environmental footprint, and create more accountable, data-driven working environments. The starting point, as ever, is knowing what you are actually spending.