How Managed IT Services Save You Money

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How Managed IT Services Save You Money

How Managed IT Services Save You Money

By on Jul 31, 2024 in Co-Managed IT Services, Managed IT Services

When asked, any business owner would want to optimize their company’s budget and boost employee efficiency, but it’s rare that an opportunity arises to do both at the same time.

There’s one strategic move that stands out to achieve both those goals: outsourcing IT management tasks to a trusted managed IT service provider (MSP). For a single flat fee, an MSP can make your business technology more reliable and efficient while also significantly reducing costs and stress.

Let’s take a deeper look and see how the right IT support partner can help you save money and streamline your operations, allowing you to focus on what you do best.

Peak Technology Performance with No Internal Staff

Managing IT operations is a serious challenge for small businesses. Why? This is mainly because they have limited resources. Hiring internal IT staff can be expensive beyond just salaries. Other expenses associated with recruitment, include training, benefits, and vacation times. Those all add up quickly.

Working with an MSP, on the other hand, can eliminate those secondary expenses (and headaches) and help you focus on your business with full confidence that your technology is stable and protected.

Eliminate the Burden of IT Hiring

Hiring IT staff is a challenge for companies because most regular HR staff lack basic knowledge of IT and aren’t prepared to vet technical staff. Even if you manage to make a hire, the expenses start to add up from here, with ongoing training and certificate management taking weeks a year, which can affect the productivity of your business.

Yikes! Another thing to note is the high turnover rate in IT roles, which leaves the window open to frequent rehiring, maintenance, and additional costs. In fact, according to a LinkedIn survey, 41% of IT professionals tended to quit their jobs in the first two years.

Reduce Operational Expense

Small businesses can benefit most from MSPs when they reduce operational expenses. Predictable monthly costs are far more sustainable than dealing with unpredictable expenses from hiring and maintaining an in-house IT team.

A Gartner study showed that businesses successfully reduce their IT operational costs by 30% by working with an MSP. Since a qualified MSP operates with far larger economies of scale than your internal IT team, they can afford to charge you a fixed price for access to cutting edge tools and top-quality talent, which means lower prices for your businesses than if you go it alone.

In addition, MSPs benefit your business by giving you the following:

  • Predictable monthly costs
    With fixed monthly fees for IT service and management, you’ll have a better grasp on your big-picture budget. Knowing your expenses means that you can handle your budget better and allocate resources where needed.
  • Proactive IT support
    MSPs include 24/7 support, which prevents issues and system downtime before they become critical and affect profits. Maintaining this kind of support in-house will require too many resources for small businesses. Did you know that companies that have partnered with an MSPs have 50% fewer critical issues?

Empower Your IT Leadership with Trusted Support

The good thing about a qualified MSP is that they aren’t just meant for companies without in-house IT leadership. Many businesses choose what’s known as a co-managed IT support solution in which the tasks and responsibilities are split between the MSP and your internal staff, creating an overall more secure and efficient IT environment.

Another advantage of this co-managed model is that it offloads high-intensity, low-value workloads that your IT teams often face, reducing stress, improving job satisfaction and productivity, and helping to ensure stronger support.

IT Project Success

Consistent project success is critical for growing businesses. A server migration or network refresh that gets off track can end up costing an enormous amount in lost productivity or cost-overruns, while undermining the company’s faith in its IT leaders.

The tools and support that MSPs provides your IT leadership empowers them to better manage all their technology projects, reduces errors, achieve strong outcomes and ROI on every initiative. In fact, a report from Forrester shows that companies using MSPs as an adjunct are 40% more successful in finishing IT projects within budget and on time than those relying only on their in-house teams.

Face Cybersecurity Threats with Confidence

No matter the size of your organization, cyberattacks are one of the top concerns for IT leaders. Data is a highly sensitive, highly valuable company asset, which is why security breaches continue to be a source of chronic issues.

Working with an MSP helps you stay on top of them of this shifting cybersecurity landscape, making sure your business has all the necessary tools, skills, and processes in place. Following these security trends is especially important for larger companies that have large, difficult-to-maintain networks.

Does your business need help with any of the following? If so, then co-managed IT support may be able to help take valuable man hours off your team’s shoulders.

  • Patch management
  • Firewall management
  • Security operations center (SOC) support
  • Cybersecurity awareness training
  • Regulatory compliance audits and maintenance

According to a report by IBM and the Ponemon Institute, the average data breach cost at a large organization in 2023 reached a new record of $4.45 million. The same report also showed that companies and organizations using MSPs experience 25% fewer security breaches than those without managed IT services.

Businesses that care about achieving maximizing threat detection and response, hardware, and software security, and cybersecurity vigilance can benefit greatly from co-managed services, while also enjoying the streamlined costs. With an MSP partner, you reducing the chances of having to manage those significant losses.

Save on Technology Purchases

Technology purchases can be a major part of the budget for most businesses. And the more your business grows – the more expenses grow with them. Therefore, partnering with an MSP may be a good move to avoid the extra costs.

Worthwhile MSPs have established relationships with hardware and software vendors that allow them to negotiate and purchase at discounted rates on behalf of their clients. These relations work in your, as they give you access to the technology advancements you need to maintain a responsive IT infrastructure at sometimes substantially lower costs than going it alone.

Save Money While Improving IT Reliability

The Astute Technology Management team of IT consultants has been helping businesses in Columbus and Cincinnati manage their technology and lower IT costs for over two decades. If you’d like to make the most of your budget and get the right AI tools to thrive, contact us anytime at [email protected] or 614 389 4102. We look forward to speaking with you!