Pitney Bowes Inc. (PBI) recently unveiled its off-site communications production and delivery solution, Mailstream On Demand. The solution is intended to benefit small and medium-sized businesses (SMB) while meeting the increasing customer requirements.
Mailstream On Demand uses the state-of-the-art technology and automation tools across the entire life-cycle of mails i.e. from design to delivery. The technology not only enhances the reliability but also enables the speedy delivery of the document. Apart from this, the solution has additional features like standard color documents, which is extremely useful for SMB’s for effective cross-selling strategies while also reducing the cost.
Additionally, Mailstream On Demand comes with Mailstream On Demand Lockbox Service to enable improved management of mailed payments. The clients can also use Mailstream On Demand ePay Service to include web payment methods with their services. Moreover, the clients get extra postal discounts for the physical mails.
Furthermore, the Mailstream On Demand consumers can avail the company’s novel technology platform - Inlet to deliver their transactional communications. In a joint venture with Broadridge Financial Solutions Inc. (BR), Pitney Bowes recently launched Inlet platform to make the distribution of documents from companies to clients an efficient process. Inlet will allow the companies to provide customers with critical documents like statements and bills from several providers through a single online platform. (Read: Pitney Bowes, Broadridge Launch Inlet)
Mailstream On Demand will be the outsourced digital communications channels solution for the SMB’s which were earlier available only to large businesses. SMBs when empowered by such advanced communication technology will have improved control of their production, delivery and designs for transactional document across both physical and digital channels. While this solution is likely to be a boon for the SMB’s, it can also be of use to large businesses given its complete scalable nature. Moreover, the SMB’s can also use this technology to meet the challenges of the expanding business or even for some certain high volume deliveries.
Recently, the company has been making efforts to gain market share by leveraging its expertise in mail and documenting solutions. Prior to this, in the last week the company announced that it will be investing to extend its direct mail presorting service to the Southeast U.S. in its efforts to increase its market share in the direct mail domain by meeting customer’s requirements for reliable and quality mailing services, which are cost effective as well.
At present, Pitney Bowes holds a Zacks Rank #2 (Buy). Other stocks worth a look in same sector include Canon Inc. (CAJ), which carries a Zacks Rank #1 (Strong Buy) and Cintas Corporation (CTAS), which has the same Zacks Rank as Pitney Bowes.