K/P Corporation, a leading marketing technology solution provider and Raine Media, a strategic consulting affiliate, announced today its selection by CUNA Mutual Group to implement a business optimization initiative for the organization's document management operations.
The project is part of the credit union industry leader's strategic initiative to transform its business processes for optimum performance, and is projected to deliver the following key benefits:
- $3 million in cost savings within the first six months of program implementation
- Projected cost and environmental savings resulting from the elimination of surplus paper storage. Estimated savings include more than 1.6 million pounds of paper annually, and associated storage and processing costs
- Streamlining of internal technology processes, including the consolidation of 14 non-conforming software platforms on to two standard systems
"CUNA Mutual Group's document management operation is a critical element of our communications for products and services with our credit union customers, their members, our employees and other key audiences," said Jeff Peterson, Sr. Manager, Document Supply Management, CUNA Mutual. "K/P Corporation's ability to bring a strategic business optimization capability to the table was a key factor in their selection for this program."
K/P's mission will consist of re-engineering CUNA Mutual's document management supply chain to drive greater efficiency, cost savings, customization and regulatory compliance, in addition to providing print-on-demand and fulfillment services. Raine Media will partner with K/P Corporation on the strategic initiative by providing web commerce technology and business optimization consultation services. The program will feature the creation of an enterprise-wide web services portal capable of providing "just in time" print-on-demand and variable printing solutions for CUNA Mutual's external and internal audiences. The web-services portal will give individuals the ability to order marketing, product support and many other materials for direct shipping to them.
"Technology is a vital tool for managing performance, costs, and a company's brand in the marketplace," said Brett Olszewski, VP of Marketing for K/P Corporation and project lead for the implementation. "We are pleased that CUNA Mutual Group, an industry leader, has selected our technology and business optimization solutions to realize these benefits within its document management operation."