6 Ways managed IT services can save your business money

6 Ways managed IT services can save your business money

Many small- and medium-sized business (SMB) owners think that managed IT services are expensive — a misconception that’s keeping them from outsourcing their IT needs. But the truth is that partnering with a managed IT services provider (MSP) can save you a lot of money in more ways than one. Here, we discuss six ways managed IT services can save your business money.

By making monthly costs predictable

Partnering with an MSP makes managing your IT budget easier, as MSPs usually charge a flat monthly fee for their services — and this fee is inclusive of unlimited remote and on-site support. Even if you experience one issue after another, you’ll receive the help you need at no extra cost. This beats relying on the traditional break-fix model, where a technician charges by the hour; while their hourly rates may seem reasonable, you’ll end up paying a large amount if the fix takes longer than expected or if the issue reoccurs.

By lowering infrastructure costs

The costs associated with managing your own server equipment can set your company back thousands of dollars. Not only will you need to shell out money to purchase servers and auxiliary hardware, but you’ll likely need to hire additional staff to manage these as well. There’s also the added expenses of renting office space for your equipment and cooling server rooms to consider.

By partnering with an MSP, you can reduce the amount of hardware you have on site. Instead, you can utilize the MSP’s servers and data centers. This saves you on office space and utilities as well as the upfront costs of acquiring and installing server equipment.

By improving scalability

As your business grows, your technology needs also evolve. This means you’ll have to scale your IT infrastructure up or down to accommodate those requirements. MSPs make it easy to do so by providing scalable, customizable services along with flexible payment options. You’ll never have to pay for more than what you need, so you’ll enjoy more savings, and budgeting for IT will be easier to boot.

By increasing employee productivity

Anytime your employees can’t work due to IT issues, your company loses money. Working with an MSP ensures your IT infrastructure is always on and optimized. Most MSPs do this by offering 24/7/365 remote monitoring services, which allow them to detect and resolve technical issues before these lead to costly downtime. Your MSP can also provide your business with the latest hardware and software solutions that are suited to your needs and goals. As a result, your team can go about their tasks smoothly and efficiently without having to worry about IT problems and outdated, underperforming technology. With productivity up, your bottom line improves.

By preventing unscheduled downtime events

According to Veeam Software’s Data Protection Report 2021, a single hour of downtime costs businesses an average of $84,650. Losing such a large sum is a huge blow to any company, but especially to SMBs or those that are just starting up. Luckily, preventing unscheduled downtime and mitigating its costly impacts is something that an MSP can help with.

With an MSP, you’ll get a team of professionals proactively managing and monitoring your systems, and addressing any anomalies before these turn into downtime-inducing problems. This ensures that your company’s IT is available at all times and business disruptions are kept to a minimum, if not entirely eliminated.

By enhancing security and compliance

Among the wide variety of services that MSPs offer is cybersecurity. When you partner with an MSP, they’ll assess your existing cybersecurity posture and recommend the best strategy to address any gaps or weaknesses. This usually entails deploying proactive cybersecurity solutions to safeguard your entire IT infrastructure — from your network to your employees’ mobile devices — against phishing, ransomware, and numerous other cyberthreats.

Related reading: The growth of Ransomware-as-a-Service (and how you can keep your business safe)

Having comprehensive cybersecurity measures in place also enables you to protect your customers’ data from loss and theft. This, in turn, allows your business to stay compliant with laws and standards governing your industry; for instance, if you operate a healthcare facility, you must comply with the privacy rules of the Health Insurance Portability and Accountability Act of 1996. Working with an MSP prevents the significant financial losses that cyberthreats and noncompliance bring, and so saves you money.

If you’re looking for a reliable MSP for your Orlando business, look no further than Cutting Edge Network Technologies. With our years of experience and expertise in various areas of business IT, you’re guaranteed to get the most out of your technology and increase your profitability. To learn more about our managed IT services, contact us or download this FREE eBook.

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