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Proctor & Gamble Awards Xerox Worldwide Print Contract

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Xerox to Manage P and Gs Worldwide Print Operations Xerox's managed print services improve document management from the print shop to the virtual office Xerox Corporation (NYSE: XRX) will manage the Procter & Gamble Company's (P&G) worldwide print operations, helping the consumer products company reduce operational costs by an estimated 20-25 percent. The five-year services contract calls for Xerox to manage P&G's print shops, offices and home-based work settings. Xerox Office Services is the company's industry-leading managed print services offering. It helps organizations drive cost out of IT and office infrastructure by managing document devices such as printers, copiers, and fax machines -controlling how and when documents are printed. Working with Xerox, P&G has the opportunity to deliver substantial sustainability benefits in addition to cost savings and increased user satisfaction and reliability. P&G predicts it will reduce print-related power usage by 30 percent and paper consumption by 20-30 percent annually. "Simplifying our global printing structure helps increase reliability and efficiency, transforming the way we work," said Filippo Passerini, chief information officer and president, Global Business Services, P&G. "This innovative initiative is one step on the journey to 'go digital' and make our workplace more sustainable." Using Lean Six Sigma-based methodologies, Xerox Global Services will deliver an enterprise-wide strategy, expected to free up hundreds of minutes of employee time annually. Xerox will provide on-site training to help P&G's employees manage the new print environment, including tips on how to reduce the time spent on print-related activities. Xerox's change management program focuses on how best to support the staff during the transition in order to minimize disruptions. Xerox will also create a Web portal for online learning and easy procurement of equipment, consumables and support for virtual employees. The breadth of the P&G agreement is an example of how Xerox is extending its managed print services leadership across the global enterprise. According to Ken Weilerstein, vice president, research at Gartner, Inc., "Enterprise-wide document management continues to represent one of the most labor-intensive, inefficient and overlooked opportunities for companies to reduce cost and increase productivity." "We believe this agreement with P&G will be a benchmark for all companies to get more out of the print infrastructure they've invested in - from the print shop to remote locations," said Stephen Cronin, president, Xerox Global Services. "Implementing managed print services allows P&G to concentrate on their core business and at the same time achieve sustainability objectives."

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