Partnering with a Managed Service Provider (MSP) has many benefits—and one of them is saving your business a significant amount of money. By replacing potentially outdated technology with the most appropriate and up-to-date software on the market, an MSP increases efficiency and productivity in the workplace, relieves business owners of the everyday hassles that come with monitoring their technology, and as a result, lets business owners focus on what’s really important… their customers and growing their revenue.
To dig a little deeper, here are a few core ways Managed Service Providers have a positive financial impact on businesses:
They minimize company downtime.
During “downtime,” any period when your company’s computers and networks are incapacitated, your business can’t operate. Extended periods of downtime can have many detrimental effects: it can ruin the reputation of your company, it can cause you to lose thousands (or even millions!) of dollars of business, and most importantly, it can make it difficult to retain or attract your main source of profit—your clients. By offering around-the-clock monitoring services for your network, servers, applications, clouds and security, IT providers inevitably reduce any potential for downtime and stop threats from becoming a major issue so your company can operate, as normal.
They decrease business overhead costs.
Every business has IT needs, but how each company handles those needs is a whole other story. An MSP can make this easier, and more affordable, than ever. Instead of purchasing expensive hardware or hiring a large team of in-house IT specialists, hire a small team and outsource the bulk of your technology work to an IT provider! Every CIO knows that technology is always changing, and it’s nearly impossible for businesses to stay relevant without constantly dropping large amounts of money to buy something new. By hiring an MSP, you’ll not only ensure that you have qualified professionals watching your systems 24 hours a day/7 days a week, but you’ll also gain access to a team that knows which investments in technology will have the largest impact on your business (including employee productivity) and yield the best return. This saves you money while simultaneously making your business more efficient.
They enhance cybersecurity protection and reduce business risk.
Cybersecurity is a major concern for any business, and it’s essential to partner with an MSP that you trust to keep your company safe and protected. A cyber attack can cause your business to lose critical data, make that data inaccessible, and in some cases, even lead to client loss. Data breaches are continuing to rise every year, posing a significant financial threat to businesses of all sizes and capacities. IT providers give your business new security and data recovery updates as soon as they become available, all while constantly backing up your data so that it’s always within reach. The loss of data can cripple the day-to-day operations of any business, but an IT provider will prevent and protect your files from a data breach, and if one does occur, recover everything you (could have) lost.
As you can see, partnering with a Managed Service Provider like CompassMSP can save your company money in a multitude of ways. Perfect for businesses of all industries and sizes, CompassMSP offers a wide range of IT services that help companies boost productivity and efficiency, save money, and ultimately, increase profits. If you’d like more information about CompassMSP, reach out and schedule your FREE consultation today.