In today’s dynamic business landscape, the significance of cost-effectiveness cannot be overstated! Unfortunately, IT often falls victim to budgetary constraints as new solutions can be costly, and businesses hesitate to replace functional systems.
The good news is that a managed service provider can aid with all of the above and, contrary to popular belief, help you save money. So, in today’s blog, we want to debunk the myth that MSPs are expensive.
We’ll cover the following five ways partnering with an MSP will save you money:
Partnering with an MSP is an effective way to lower your overhead costs. On the one hand, you have personnel costs. When you employ a (large) IT team, you need to factor in compensation (I.e., salaries and benefits), which can add up very quickly. Working with an MSP can help you lower these costs by outsourcing your IT management to an expert or supplementing your existing team with co-managed IT support to distribute your resources better. On the other hand, you have hardware and software costs. Most MSPs offer more flexible payment models, such as pay-as-you-go or monthly instalments, which will help you avoid large upfront investments.
Training and upskilling internal staff can be costly and time-consuming because even if you have a well-trained IT team, sooner or later, an issue will pop up that is outside their expertise. With an ever-changing cyber threat environment and technology evolving at lightning speed, it will be much more cost-effective for you to partner with an MSP. This way, you have access to the resources you need at a fraction of the price, thanks to their team of experienced and skilled experts.
Many companies underestimate how much money they’re losing through downtime. Did you know that even one minute of downtime will cost your business an average of £4,400? Besides the obvious monetary damage you’re risking, you also hinder your team’s productivity and risk reputational damage. A managed service provider can help you minimise downtime by monitoring your network and fixing potential issues before they happen (most MSPs offer 24/7 monitoring). They’ll also ensure your network is stable, your systems and solutions are up to date, and you have the latest cyber security fortifications!
The current cyber security landscape is more complex than ever, so it’s no longer a question of if you’ll be targeted but when. It’s hard to keep up with the latest threats with everything else you have on your plate, which is why a managed service provider can help you save time and money. They will help ensure you always have the right security features and actively test your network for vulnerabilities, and in that way, help you prevent expensive security breaches. An MSP can also help ensure you stay compliant at all times and so prevent legal repercussions.
With an MSP, you can increase your internal resources, so you can spend more time focusing on strategic initiatives and finding other ways to grow your business. An MSP will also help set you up with solutions and systems that are right for your individual needs, allowing you to work more efficiently and productively. And the more efficient your team is, the more you can improve your profit margin.
Working with a managed service provider is a great way to increase your productivity, strengthen your security posture and save money while doing it. At Netitude, we’ve been helping clients boost growth through technology for over two decades. We offer various services to ensure we can provide exactly what you need for your business.
Our IT support offers:
Are you ready to unlock the full potential of your IT and improve your cost-effectiveness? We want to help you strive for success, so reach out to our team today and get started!