Westpac is creating a more productive and sustainable place to work, we are introducing smarter printers and we are becoming greener. Ricoh is helping Westpac achieve its carbon footprint targets by reducing power consumption and paper waste. Together these initiatives are delivering a simpler, smarter, greener place to work.
Banking on success with IBM and Ricoh
Gary Sim, General Manager of Westpac’s Service Delivery Infrastructure Group, shares the journey Westpac has taken to put in place a print solution to reduce waste, improve efficiencies, and successfully contribute to Westpac’s environmental and sustainability goals.
Ricoh Managed Document Services (MDS) addresses the business practices surrounding the management of printed and electronic information. Ricoh MDS has been delivering effective managed document services for enterprises like Westpac to help them control capital costs for output devices, reduce document related inefficiencies, minimise material waste and reduce the size of the document management fleet.
Westpac was the first bank established in Australia. It began trading on 8 April, 1817 as the Bank of New South Wales, with a single office in Macquarie Place, Sydney. In 1982, with the merger of the Commercial Bank of Australia, it changed its name to Westpac Banking Corporation (WBC). In 2002, Westpac was registered as a public company limited by shares under the Australian Corporations Act (2001). More recently, in December 2008, Westpac merged with St. George Bank Limited.
Today, Westpac is a banking leader in Australia, New Zealand and the near Pacific region. It maintains offices in key financial centres around the world including London, New York, Hong Kong, Beijing, Shanghai, Mumbai and Singapore. Employing close to 40,000 people, Westpac is ranked in the top five listed companies by market capitalisation on the Australian Securities Exchange Limited (ASX).
With annual profits over A$6 billion, Westpac serves over 12 million customers. It also owns and operates other major financial businesses, such as St.George Bank, BT Financial, Westpac NZ, Bank of Melbourne, Bank SA and RAMS.
We will have a printer fleet that is more sustainable, more secure, more convenient and more efficient. We estimate huge savings in paper, toner, freight and maintenance.
Westpac’s workplace print technology environment was in need of a refresh. They wanted a single vendor that could provide consistent levels of service and response times; a pricing model that would give them visibility of their print performance; high levels of document security; improve access to document workflow and a reduction in their paper and consumables waste.
The approach and solution
Working in partnership with IBM, Ricoh received the green light from Westpac to build an MDS solution to meet the bank’s strategic goals. This meant embarking on a highly detailed discovery process that could provide Westpac with a strategically-aligned document management solution in a timely manner. Ricoh applied its proven MDS methodology to help Westpac meet its print environment goals.
Understand: What are the real problems?
In following a proven discovery process, Ricoh’s MDS project team conducted extensive workshops and interviews with key stakeholders across the bank’s wide enterprise, to fully understand the drivers for change. This included:
- Identifying current fleet information, service and supply arrangements, and security risks
- Discovering infrastructure or document bottlenecks and environmental impacts
- Understanding the intent and objectives of the existing WBC print policy and future state business objectives
- Providing a full and complete picture of the current state
- Analysing the total cost of ownership (TCO), environmental options, and any potential hidden costs
Improve: Service, costs and environmental performance
Based on the findings from its extensive discovery process, Ricoh proposed a tailored solution to meet Westpac’s immediate and longterm requirements. The service commenced in December 2010, whereby Ricoh provides a mix of suitable multifunction devices (MFDs), on-site valet staff, fleet management and reporting software, coupled with a comprehensive project and change management approach.
IBM, Ricoh and Westpac each applied a careful thought process, along with detailed negotiations, to ensure that all areas of the engagement were covered and well defined.
Transform: A big project with rewarding outcomes
With a strong team of people that included project, change, and service management – overseen by the account management team – Ricoh embarked on a sizeable and complex transformation project for Westpac.
With only four months from signing the agreement to the agreed start date of 1 April 2011, Ricoh was kept busy during the transition stage:
- Designing and installing the technical solution which would later be deployed into production across 900+ locations
- Building processes and designing agreements for service management and third-party device maintenance and supply
- Integrating the service desk, consumables management and IMAC-D remote IT Services
- Designing and implementing service-delivery – including valet services, management information reporting, service level management, financial management, asset management, operations and online services – including the Customer and Service Centre web portals
Ricoh MDS: Solutions to Westpac’s challenges
|Westpac challenge||Ricoh solution|
|Insufficient visibility of costs of the print environment across the enterprise.||Ricoh provided Westpac with a competitive managed document services fleet plan, and fleet service management and reporting solutions.|
|Unable to track volume and costs by user group.||Equitrac software tools were implemented for cost tracking, leveraging existing user information from the Westpac LDAP directory.|
|Maintaining a fleet of multiple branded devices created difficulty relating to consumables supply and software print driver control.||A single fleet of Ricoh devices under a managed document services cost plan provided one point of contact and a simple invoicing solution.|
|Existing devices were well past their recommended upgrade dates.||Ricoh proposed a fleet of devices on a term refresh basis – older existing devices were targeted for early transformation.|
|A relaxed policy existed for workplace print, which meant users were often able to dictate the environment, rather than the enterprise having a clearly defined and communicated print policy. This resulted in too many devices per user group, and waste of consumables and paper.||Ricoh worked with Westpac to deliver a tailored print policy that would not only help change user behaviour, but also help to reduce power, paper and consumables. ‘Follow You’ printing was implemented to ensure documents were not printed and left unsecured on devices.|
|Westpac wanted to report on its environmental and sustainability goals.||Ricoh’s Green Reporting solution was implemented, which provided Westpac with the environmental reporting it required.|
|Westpac wanted to be able to globally govern major print output settings, such as colour and duplex printing.||Ricoh worked with Westpac to agree on the Standard Operating Environment for all devices in the enterprise, which could be governed remotely.|
|Service and maintenance across the Westpac multi-vendor fleet was inconsistent and difficult to manage.||Ricoh took over the existing fleet and managed all service and maintenance through its print solutions – Web SmartDeviceMonitor and FM Audit. Links were built between Ricoh and Westpac’s help desks to provide seamless support.|
|There was a clear need for an enhanced print and scanning solution that would enable Westpac to scan paper-based information easily and securely from an MFD into any electronic workflow.||Ricoh provided Westpac with its advanced print and scanning solution, eCopy Sharescan, which allows direct and secure conversion of paper documents into files that are compatible with existing systems and security procedures. This has increased user productivity and helped cut operating costs.|
From 1 April, 2011, Ricoh moved into the audit, design and implementation stages, with a scheduled completion date of December 2012. This transform phase includes:
- Conducting a comprehensive discovery process with site audits to define the current print environment and any special print requirements
- Preparing and communicating a future-state design plan to support Westpac’s print policy
- Rolling out devices and solutions for 954 sites
- Implementing technical solutions to support Ricoh’s Follow You Print solution across all locations
- Introducing Ricoh’s consumables recycling program
- Preparing change management strategies to support the implementation and acceptance of the new services and solutions
Govern: Realising the benefits
With Ricoh’s enterprise-wide MDS solution implemented, a process of formal quarterly reviews by on-site MDS personnel continues to demonstrate productivity savings for Westpac, as well as improved workflow efficiencies and waste reduction. Westpac management now have greater visibility over performance and improved control and governance – thanks to Ricoh’s customised Equitrac reporting and management software.
Westpac no longer needs to deal with multiple vendors – everything is managed under one document services contract, saving time and effort. What’s more, it now has a consolidated device fleet providing the latest technology and improved reliability.
Most importantly, Ricoh is helping Westpac manage its entire print environment, with a complete fleet of Ricoh printers that intelligently switch off when they’re not in use. Westpac’s print policy has helped change user behaviour by providing Follow You printing, which means users can print from devices across the enterprise.
Additionally, if print jobs are not activated within a stated timeframe, they are automatically deleted from the device – saving paper and ensuring a secure green document environment.
The bottom line says it all: Ricoh has helped Westpac save 5,000 reams of paper every year, weighing 13 tonnes – that’s 16,000 kg of CO2 saved each year for the planet, or the equivalent of 221 trees*.
Optimise: An ongoing partnership
Implementation is not the end of the story. Ricoh continues to manage and control the quality of service delivery and support for Westpac – recommending strategies for continuous improvement, and proactively monitoring and optimising resources so that devices and services are available when required by the end users.
The IBM, Ricoh and Westpac partnership has netted significant benefits that allow Westpac to print and manage documents with less waste, less cost, less complexity and less CO2.
Due to the success of the initial solution, Ricoh is getting ready to assist other Westpac businesses – such as St. George Bank, BT Financial, Bank SA, Bank of Melbourne and RAMS – look for ways to improve their productivity and lower their costs. Most importantly, to provide a state-of-the-art print environment that helps Westpac Banking Corporation achieve its business and sustainability goals.
* Source: US Legal-Research Foundation and US Environmental Protection Agency
News & Events
Keep up to date
Ricoh Australia appointed M-Files partner
Australia’s innovation paradox: Innovation not a core value for 75% of Australian organisations, yet most business leaders believe they have the skills for innovation
Ricoh named a Leader in the IDC MarketScape for worldwide contractual print and document services
Ricoh attends the Bunkasai 2018 festival at Wellers Hill State School