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printCafe Releases PrintIQ for Print Buyers, Endorsed by CAP Ventures

Press release from the issuing company

Boston, MA – printCafe, the operating system for print, today released PrintIQ for Buyers Version 2.0, developed to help print buyers determine the Return On Integration (ROI) of an Internet-enabled print procurement system. Information on corporate print buying processes is entered into this comprehensive spreadsheet-based evaluation program and generates a cost/benefit profile that is compared to the industry’s best practices and optimum benefits. CAP Ventures, a strategic consulting firm for providers and users of business communication technologies and services, has reviewed PrintIQ for Buyers Version 2.0 for clarity, content, and best industry practices. Following a formal product evaluation, CAP Ventures provided qualified industry averages and benchmark data estimating the average savings a corporation can realize through the implementation of an Internet-based print procurement tool. “In the opinion of CAP Ventures, PrintIQ for Buyers is clearly an effective tool for calculating return on investment for the implementation of an Internet-based print procurement system,” said Charles A. Pesko, Managing Director of CAP Ventures. “Print IQ distinguishes itself in the level of detail examined as well as the means for a corporation to benchmark itself against industry statistics to calculate an accurate ROI.” CAP Ventures determined that using PrintIQ for Buyers allows a corporation to identify weaknesses in its print procurement workflow and to quantify the cost of inefficiencies. As a way to compare individual corporation results to industry best practices, CAP Ventures validated the data used in PrintIQ for Buyers against research studies conducted by CAP Ventures including the e-Procurement of Print Buyers multi-client study released in September 2000. "The fact that CAP Ventures, one of our industry's preeminent analyst firms, supports our efforts, further validates the tools we have created and the benefits printCafe offers to the industry,” said Andrew Schaer, Senior Vice President of Marketing for printCafe. “We welcome all companies to enter their scenarios into PrintIQ for Buyers in order to understand where they are spending excess money on printing, and to help reduce these costs and enhance the efficiency of the print procurement process.”

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