How Line Matrix Technology Reduces Expenses and Meets the Printing Needs of the Financial Services Industry

Many financial institutions rely heavily on form and document tracking for auditing and security purposes, and these exceedingly important documents need to be printed quickly and on demand. Whether important internal documentation is needed or forms dealing with outside cash management and logistics companies need to be produced, high standards must be met. Financial institutions also routinely produce thousands of reports daily for things like archives, internal communications and ledgers that need to be collected and stored in groups.

The financial services industry is highly regulated, therefore, the importance of a clear record of the exchange of goods regarding a financial transaction is crucial. Multi-part forms are often used in these scenarios. Financial institutions need to create and assemble these multi-part documents quickly and store them together to keep business moving. Multi-part chain of custody documents are also important in armored car transports of money. Cash management and logistics companies need to provide a security net for the financial institution to know where their money has been and that it is safety accounted for.

Since working with finances is their job, companies are always trying to find cost effective solutions to their needs. High volume printing with laser printers frequently encounters issues like paper jams, overheating, increased need for manpower and high consumables cost as well as generates large amounts of landfill waste.

Implementing a Solution

The need for quick and reliable printing in the financial services industry is often overlooked. Financial institutions often try and get by with laser printers, when in reality they are just wasting time, resources and money. Laser printers demand much higher consumables, supplies and maintenance costs over time than line matrix printing. Oftentimes, companies are fooled by the lower cost of entry on a laser printer, but once the hidden expenses of supplies are revealed the total cost dramatically increases.

Within the financial industry, reports need to be collected and stored as units. Line matrix technology is able to produce continuous forms to solve this issue. Using continuous forms eliminates issues with misplaced or out of order single sheet forms. Rather than frequently refilling paper trays on laser printers, a user can load more than 3,000 sheets of paper without even removing it from the box; producing automatically collated, bound and ready for storage documents. Print quality and style can be easily adjusted to meet the demands for any particular report and line matrix printers have superior paper handling, which is particularly important for the long reports businesses need to generate.

Bank statements generally utilize a pre-printed form and data integration from a mainframe computer that requires a variety of connectivity options such as serial parallel and Ethernet. Printronix line matrix printer’s work with many of these connectivity options. Multi-part forms also have a variety of uses in the banking industry. One form may need to make its way through several steps in the chain of custody to meet certain protocols and regulations. Line Matrix printers provide the most reliable source for creating multi-part forms. Laser printers cannot produce a bound multi-part form, the user would have to print 4 or 5 copies of the same form and attach them together. While using a line matrix printer, the user can print up to 6-part forms in one pass with high-quality, easy to read text and graphics, without compromising output speed.

Line matrix printers are the right choice for the financial services industry because they offer excellent print quality at high production speeds to ensure important documents are produced in an easy to read and cost efficient manner.



How Line Matrix Printers Reduce Risk in the Woodworking and Furnishing Industry

Risks Encountered

Designing, manufacturing, distributing and selling woodwork and furniture is a modern mass-production industry in many advanced regions of the world. Modern facilities are generally laid out like production lines, with each step in the construction process having its own “shop” within a facility. Each shop contains their own unique hazards and demands that effect both workers and machinery alike. A unique concern to many areas of a woodworking facility is the susceptibility to fire and explosions. Facilities are prone to this danger because they contain large quantities of items that could be used as fuel sources for a blaze. There’s is an abundance of sawdust, wood, paints, oils, adhesives, solvents and liquid propane all used for different steps in the creation process. Equipment and machinery used near these vulnerable ignition sources need to be properly checked, maintained and cleaned to prevent a disaster. In addition to ignition concerns, equipment used in this environment needs to be durable. Heavy machinery, flying wood, debris and strong vibrations can cause breakdowns and equipment malfunctions if the equipment is not built for this type of harsh environment.

Within these production facilities, the constant flow of information has to be strictly maintained. With so many moving pieces and assembly lines, having large and easy to follow instructions is critical to the success of a final product. Additionally, since products are being constantly checked for quality control at each phase of creation before being passed along to a loading dock for shipment and packing, every component needs to have a clearly maintained production record. This could mean printing upwards of 10,000 different types of forms, reports and documents every day. These facilities aim to maintain a constant flow of production. A hold up in one area of the production line because of a paper jam, overheating or slow printing effects many facets and costs money in the long run.

Reducing Risk

When the safety of your workers depends on the precautions you take with your equipment, every piece is important. A line matrix printer excels at meeting the rigorous requirements of a woodworking and furniture creation facility. Printronix P8000 Cabinet model is the perfect choice for facilities that operate under such harsh environments. Our line matrix printers have Kevlar reinforced tractor belts with metal pins, sheet metal enclosures and a completely enclosed cage to help keep unwanted dust, debris and hazards out. With sealed electronics and a heavy duty operator interface, companies can be confident their printer will withstand the harshest environments and continue to produce their vital documents and forms. Safety is key and keeping hazards out helps to prevent the opportunity for the machinery to become an ignition source, which is not the case with unenclosed laser printers. The ability to withstand higher operating temperatures while keeping sawdust and debris out of crucial components means there is no better choice printer for the woodworking and furniture production industry.

When a production line stops, money is lost. Having forms that are unclear, printed too small, need special functions or have other unique issues can be costly. Line Matrix printers keep up with the diverse demands of any print environment needed. Line printers are designed to accommodate single form and multiple form printing for Bill of Lading documents, invoices, reports, etc. Up to 6-part forms can be printed with high-quality and easy to read text and graphics, without compromising output speed. Text, graphics and barcodes can all be printed on the same form. Data can be printed up to 13.6” wide on paper stock that is up to 17” wide. With continuous feed paper the build/broadcast sheets needed on production lines can be printed to the length your business operations require. Large, scalable fonts allow workers to see exactly what needs to be completed, and these can be adjusted in size and quality as needed with an emphasis on bold or italic print to ensure ease of reading and minimize interpretation errors. In addition to the ability to accommodate all of the key printing needs of the woodworking and furniture production industry, Printronix line matrix printers are unmatched in high speed performance (up to 2000 lines per minute), which helps make any business more efficient.