Software Company Offers to Pay the Fortune 500 to Go Green

Software Company Offers to Pay the Fortune 500 to Go Green

By offering to give away its paper- and ink-saving software to large companies, GreenPrint Technologies aims to make money by helping companies save money and resources.

The deal will give companies in the Fortune 500 list of large organizations free access to GreenPrint's software, and in exchange, the company will get half the savings the software creates.

"Because the environmental benefit is so significant, we want to do everything we can to make it as easy as possible for large organizations to use GreenPrint," said GreenPrint CEO Hayden Hamilton. "We also see it as symbolic of GreenPrint's revolutionary proposition -- saving money while saving the environment. Has any other company ever offered to pay the Fortune 500 to go green?"

According to studies released by Citigroup and Lexmark, wasted pages account for as much as 25 percent of all printed material and cost the Fortune 500 over $1 billion a year. Gartner Research estimates 1 percent to 3 percent of Fortune 500 revenues are spent on printing costs annually, and those costs are increasing every year. "Each office worker currently uses up to 50 sheets of A4 paper a day," says Louella Fernandes, Principal Analyst with Quocirca, "and estimates predict office paper consumption increasing by 20 percent per year on average."

In addition to monetary losses, Fortune 500 printer waste also results in over 2 million additional trees being harvested annually, according to studies by UNESCO and Conservatree. "Those are significant numbers," says Greg Meyer of American Forests, "If the Fortune 500 used GreenPrint to eliminate printer waste it would yield profound benefits to our environment for generations to come."

GreenPrint's Enterprise software eliminates wasteful pages in any printout automatically, saving time, money, and trees. GreenPrint does this by analyzing each page of every document sent to the printer and looking for typical waste characteristics, like an empty final page or legal fine print.

GreenPrint also incorporates a PDF writer, an innovative print preview, and a reporting feature which keeps track of the number of pages and the amount of money saved.

The "Get Paid to Go Green" initiative will run through the end of September, and is available to organizations with more than 1,000 computer users.

GreenPrint Technologies LLC is the maker of software designed to reduce waste in home and office printing. Their products include GreenPrint Home, GreenPrint Enterprise, and EverGreen font.