Financial communications can be produced quickly in duplex format
TRUMBULL, CONN.- Océ, a Canon Group company and an international leader in digital document management, today announced that Venture Encoding has turned to Océ VarioPrint® 6250 Ultra digital printers to keep up with customers' growing volume of financial communications.
A Texas print and mail service bureau, Venture Encoding helps financial companies produce the steady flow of account letters, collection notices, billing statements and other documents essential to relationships with bank mortgage and installment loan customers.
Market conditions in the mortgage business have created a boom in letter applications and loan modification packages. As a result, Venture Encoding is in growth mode, and the Océ sheet fed printers have helped drive this momentum. So far, the company is producing up to seven million images a month on the Océ systems and expects to increase that number.
"We are proud to have high-speed Océ technology to help provide our customers with fast, high-quality financial communications of all kinds. Meeting tight service level agreements and quality standards differentiate our company, and the Océ cut-sheet printers help us with both commitments. The reliable, fast duplexing creates opportunities to save time, paper and postage," said Jamie Potter, Director of Manufacturing and Distribution. The company employs over 210 people at facilities in Fort Worth and Austin, Texas.
Océ PRISMA Software Helps Transform Client Data
Venture Encoding creates financial communications from raw data sent by financial institutions. A programming team takes in a variety of data formats and converts it into printed products. With the introduction of Océ PRISMA® workflow solutions, Venture Encoding can now take advantage of more flexible new data streams, while maximizing the efficiency of their legacy data streams, such as Metacode. Utilizing Océ PRISMAproduction® software, Venture Encoding can take in files from a variety of sources and convert them into a standardized print stream that can be printed on just about any print engine.
"Venture Encoding has captured leadership in a growing financial niche, and they have prepared their operations to serve a wide range of their customers' needs with speed and quality. We are excited that Océ PRISMA digital workflow software and the Océ VarioPrint Ultra systems play an important role in Venture Encoding's growth strategy," said Francis McMahon, Vice President of Marketing, Océ North America Production Printing Systems.
Maximizing ROI with the Océ VarioPrint 6250 Ultra
Today, Venture Encoding customers often need financial communications that involve high page counts. About 30 to 40 percent of their financial applications are duplexed to save money on paper and postage. Duplex printing can slow other systems down to half speed, but the Océ VarioPrint 6250 Ultra systems with the Océ Gemini instant duplex technology print at the maximum engine speed of 250 duplex images per minute.
Because Océ Gemini technology simultaneously prints both sides of a page, Venture Encoding is now passing more duplex work to the Océ VarioPrint Ultra digital printing machines. For example, home mortgage modification packages can run 8 to 20 pages with required content plus extra pages. It's easier and more economical to run these as duplex jobs on the Océ systems to keep the number of pages down and reduce postage costs.
Minimizing Downtime with Job Consolidation and Easier Maintenance
The two Océ VarioPrint 6250 Ultra systems installed earlier this year help Venture Encoding minimize downtime between jobs by combining multiple short-run jobs for fast production. Volume on the Océ printers has exceeded seven million images a month -- about half of what the systems are capable of -- as Venture Encoding continues to convert applications. These jobs include variable data applications printed on pre-printed stock.
Another advantage of the Océ systems compared to other printers in the shop is the ability to have key operators trained by Océ to handle more maintenance in house. Venture Encoding realizes greater uptime and faster turnaround time now that operators perform basic system maintenance without having to wait for a service technician to be scheduled.
Océ is one of the leading providers of document management and printing for professionals. The Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 100 countries and employs more than 20,000 people worldwide. Total revenues in financial 2010 amounted to approximately Euros2.7 billion. Océ is listed on Euronext in Amsterdam. For more information visit www.oceproductionprinting.com/.
Océ North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL and Boca Raton, FL. North America represents 34% of Océ's worldwide revenues, and employment is over 8,000. For more information about Océ North America, visit www.oceusa.com. Outside the U.S., consult global.oce.com.
Océ and Canon: Stronger together
In 2010 Océ joined the Canon Group of companies with headquarters in Tokyo, Japan, to create the global leader in the printing industry. Canon develops, manufactures and markets a growing line-up of copying machines, printers, cameras, optical and other products that meet a diverse range of customer needs. The Canon Group comprises over 197,000 people worldwide. Global net sales in 2010 were more than US $45 billion. For more information visit www.canon.com.
About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. With more than $45 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks fourth overall in patent holdings in the U.S. in 2010 and is one of Fortune Magazine's World's Most Admired Companies in 2011. Canon U.S.A. is committed to the highest levels of customer satisfaction and loyalty, providing 100 percent U.S.-based consumer service and support for all of the products it distributes. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss.
Carro Ford Weston