Using a managed services provider to take care of your companies IT needs is a great way to ensure that your IT infrastructure is always well looked after and performing at its best. Managed service providers are experts in their fields, meaning that they can help you to ensure that your business is ready for any challenges that it may face in the future. They can also help to save you money.
Predictable monthly cost
Most managed service providers will charge you a set amount per month to look after all of your IT services, which is great because it makes it much easier to budget.
Looking after your IT services in-house means that you might face unexpected costs such as needing to find an expert in a certain technology that you are looking to implement or having to pay overtime to provide out-of-hours support for a project.
Managed service providers make it their business to ensure that your systems are running as efficiently as possible, which means reducing the amount of downtime.
According to a recent survey, the most common reasons for downtime are software failure and cybersecurity issues. Both of these are areas in which managed service providers not only resolve issues as they occur but work to protect against issues occurring in the future. This could save you a significant amount of money. The hourly cost of downtime can range between $10,000 and $50,000 per hour depending on the size of the business and what the turnover is.
Lowered HR costs
Every time you need to recruit and train a new member of staff, this comes with a cost in addition to their salary. It takes time and resources to train new staff members, not to mention the cost of their equipment.
By allowing a managed service provider to look after your IT needs, it means that you do not need to worry about the HR side of things for your IT staff because the MSP will look after that for you on your behalf. They will also take responsibility for finding trusted and qualified staff, which can be tricky, particularly in a specialist area like IT if it’s not a subject that you know a lot about.
Lessened chance of data breaches
If your companies secure data is breached as a result of a cyberattack, it can cost your company a lot of money. Companies who lose customer data are liable for fines, and they also stand to lose reputation, which impacts sales and new customer sign-ups. They will also have to spend time and resources recovering the lost information and taking measures to ensure that data is safe going forwards.
In 2020, the average cost of a data breach was $3.6 million.
If you choose an MSP with a specialism in cybersecurity, they will ensure that your data remains secure and that you don’t have to pay the price for a data breach.