Multifunction printers (MFPs) offer the convenience of combining printing, scanning, copying, and sometimes faxing into one device, saving space and reducing costs. Key features to consider include print speed, connectivity options like Wi-Fi and Ethernet, mobile printing support, and automatic document feeders for efficiency. When choosing an MFP, assess your specific needs, the device's print quality, user reviews, and ongoing maintenance costs to ensure it meets your requirements effectively.