6 Financial Benefits of Working with a MSP

6 Financial Benefits of Working with a MSP

Large organizations are not the only ones that need technology to compete in their respective markets. Companies of all sizes prioritize operational efficiency, but not all of them are equally equipped to sustain it. Small- and medium-sized businesses (SMBs) may have limited IT resources and quickly fall behind in updates and network management, putting them at risk of an outage or breach.

Determine if a MSP is a Fit for Your Business

If your business is experiencing growth, you might find yourself at a turning point where you must decide whether to hire a full-time IT professional, expand departments, or turn to a managed services provider (MSP). Outsourcing your IT needs to an MSP lightens your load and offers you numerous services that can range from round-the-clock monitoring to security to help desk support. Considering all these productivity-boosting features, you probably still want to know if you would get the value for your money. It all boils down to cost versus profit.

A common barrier to investing in a partnership with an MSP comes down to your internal IT staff who may worry about the security of their in-house tasks. In reality, few companies have the in-house bandwith to manage all the technology functions that an MSP could handle. For example, keeping up with compliance and regulatory demands could be challenging for SMBs because their focus is on driving down operational costs, strengthening customer relationships, and improving financial management.

One of the biggest challenges for businesses, however, is putting the right people and resources on value-adding projects. With the lack of available investment funds and resources, it becomes difficult to ensure that their talent is focused on core areas while optimizing productivity. The gap between managing their IT environment and business processes becomes bigger without proper and constant support.

The increasing dependence on automated systems and digital databases calls for a shift toward a more secure and efficient system, which an MSP can provide. Other than achieving greater operational efficiencies, here are some financial benefits of managed IT services:

1. Control IT costs

Outsourcing means your fixed IT costs will be converted to variable costs allowing you to budget effectively and allot resources efficiently. In other words, you’ll only pay for what you use when you need it.

A MSP will also help you offset initial investments on technology costs that include expensive upfront hardware and software costs. And because you'll be paying a fixed monthly fee, you'll eliminate exorbitant capital expenditure. You’ll also get a regular software updates, which keeps everything secure and up-to-date.

2. Quickly adapt and implement new technology

A good MSP has the resources to help you start new projects right away. Handling the same projects in-house could take weeks or months, especially if you need to hire and train people and provide the support they need. Look for a MSPs that has experts in for aspect of your IT needs, such as hardware, cloud databases, and cybersecurity.

MSPs also bring years of experience, saving time and money. This includes web-based platforms like cloud computing and data backup systems that ensure better functionality and administration of your shareable content, and the maintenance of safe operations.

3. Reduce labor costs

Training IT staff can be costly. Additionally, temporary employees or interns don’t always live up to your expectations. With an MSP, you can focus your human resources where you need them most.

4. Increase efficiency and competitiveness

Maintaining a strictly in-house IT department can entail higher research, development, and implementation time. Furthermore, it makes it increasingly difficult for employees to focus on their primary tasks.

With an MSP, both technical and non-technical employees are able to manage their time better and work more efficiently, without being distracted by day-to-day tasks. MSPs have the expertise and have a software and hardware stack that fits your needs. This eliminates the need to perform the research and development of a solution.

5. Improved vendor management

An MSP can deal with vendors on your behalf, which means issues are escalated and resolved promptly. They will serve as your main point of contact for third parties, deal with problems, and track process with the appropriate vendor through to resolution.

Having a single trusted IT partner streamlines operations and avoids burdening an employee with tasks that could be better dealt with by a subject matter expert.

6. Economy of scale

With the rate of technological advancements nowadays, scalability is vital to driving your business’s growth and development. As your company expands, you should be able to anticipate unexpected hurdles like changes in technology and compliance requirements.

Moreover, MSPs will provide services that will handle growth spurts and emerging IT issues. This eliminates detrimental downtime, improve system availability, and help your business stay productive.

Professional IT consultants will address your business’s short and long-term technical and operational pain points and will help you stay responsive and competitive. They’ll also proactively explore and identify trends and enhancements for improvement.

A qualified and reliable MSP provider will propel your business beyond competition with the wide range of benefits you will reap. Considering outsourcing your IT services? Contact us now and our technicians will walk you through your needs.

Like This Article?

Sign up below and once a month we'll send you a roundup of our most popular posts

Did you like this blog? Here are some similar topics you might be interested in:

Cybersecurity should be an absolute top priority for any business, no matter its scope or industry. However, many organizations compromise on security to save money ... Read more.
For many years, small and medium businesses (SMBs) were unlikely targets for sophisticated cyberattacks. But contrary to popular belief, this has changed dramatically in the past few years ... Read more.
C-suite executives are always looking for new and innovative ways to boost revenue, and more often than not, new ideas are rooted in new technologies ... Read more.