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A Quick Guide to Managed Print Services Software: Cut Costs & Optimize Your Fleet

Man using managed print services software on a laptop near a multifunction printer in a bright office.

What is Managed Print Services Software?

Managed Print Services (MPS) software is a specialized platform that gives businesses real-time control, visibility, and efficiency over their printer and copier fleets. Whether you're managing dozens or hundreds of print devices across offices or regions, MPS software helps automate maintenance, optimize usage, and reduce unnecessary costs.

How MPS Software Works

At its core, managed print services software works with your print hardware—regardless of manufacturer—and aggregates critical data in one intuitive interface. This includes:

  • Toner and supply monitoring
  • Usage and print job tracking
  • Remote device diagnostics
  • Automated meter reads and billing
  • Service ticketing and resolution tools

By leveraging cloud-based printer management solutions, managed service providers gain 24/7 access to their entire print fleet from any location, ensuring proactive device maintenance and quicker problem resolution.

Common Inefficiencies Solved by MPS Software

Here are a few scenarios where MPS monitoring makes an immediate difference:

  • Proactive maintenance: Automatic service triggers and real-time visibility helps expedite service and reduce downtime.
  • Optimized toner fulfillment: Devices are replenished too early or too late, creating downtime or excess stock.
  • Manual meter collection: Instead of sending technicians for physical meter reads, MPS software automates it.

These inefficiencies cost companies thousands annually—but can be avoided with robust printer management software.


According to Quocirca’s 2024 Print Industry Trends Report, 64% of organizations using MPS reported at least a 25% reduction in print-related downtime within the first year
 


Key Trends in Print Fleet Management

Printer fleet management is evolving fast, driven by digital transformation and hybrid work. Today’s leading MPS platforms incorporate emerging technologies to help IT teams do more with less.

1. Cloud-Based Control Panels

Legacy print systems often required on-premises servers and manual configuration. In contrast, cloud-based printer management solutions eliminate that friction with centralized, secure access to every printer in your network—perfect for distributed or hybrid workplaces.

2. Predictive Maintenance with AI

Modern MPS tools now offer predictive maintenance powered by AI and machine learning. Instead of reacting to errors, systems can alert you before parts fail or toner runs out—dramatically reducing downtime and service costs.

3. IoT Integrations for Smarter Devices

Printers are increasingly part of the Internet of Things (IoT). Advanced MPS software connects to IoT-enabled printers, enabling:

  • Auto-detection of device failures
  • Usage pattern analysis
  • On-demand firmware updates

4. Sustainability and Print Reduction

Environmental goals are shaping procurement. MPS software can help you monitor environmental impact and generate reports to support ESG compliance.


A 2023 IDC study found that organizations using print fleet management tools reduced paper waste by up to 35%.


Features to Look for in Print Fleet Management

Choosing the right MPS platform is critical. Here’s what to prioritize:

Essential Features

  • Cross-vendor compatibility (HP, Canon, Xerox, etc.)
  • Cloud-based dashboard for centralized access
  • Automated meter reads and billing tools
  • Real-time supply and error alerts
  • Data-rich reports on usage, costs, and trends
  • Mobile access for on-the-go monitoring

Advanced Add-ons

  • ERP integration for end-to-end MPS management
  • Service Management Tools for remote diagnostics and troubleshooting

FAQs

What is managed print services software?

Managed print services (MPS) are outsourced solutions that help organizations manage, maintain, and optimize their entire print environment. Managed print services software is the technology platform that enables this by providing real-time visibility, control, and automation across a fleet of printers and multifunction devices—helping businesses reduce costs, minimize downtime, and improve efficiency.

How does managed print software help IT departments?

It reduces manual tasks like meter reads and toner tracking, enables proactive maintenance, and centralizes control—freeing up IT resources for strategic projects.

What are the best tools for printer fleet management?

Top-rated tools include ECI Printanista, FM Audit, PaperCut MF, and HP Smart Device Services, each offering robust printer management software features.

What features should you look for in MPS monitoring software?

Key features include automated alerts, cloud dashboards, predictive maintenance, cross-vendor support, and integration with help desk systems.

How can cloud-based printer management improve uptime and reduce costs?

By enabling real-time monitoring and predictive alerts, cloud-based printer management solutions reduce service delays and unnecessary visits, saving both time and money.