4 Ways a Managed Service Provider Helps You Cut Costs

By ivision December 17, 2019
msp cost saving

As the field of information technology has grown more complicated, companies have turned to managed service providers (MSP) for help. There are many benefits that come from leveraging a trusted, third-party MSP. You can improve your day-to-day business operations and free up your internal IT teams to focus on strategic projects. Importantly, outsourcing to an MSP provides cost savings that will greatly impact your bottom line.

Hardware Costs

Using an MSP for cloud services presents substantial cost savings over building your own facilities. An MSP can offer “-as-a-Service” offerings like SOCaaS, DRaaS and BUaaS that protect your business without the prohibitive costs of power, storage, maintenance, software, and other costs.

You can also benefit from outsourcing your lifecycle management. Keeping track of IT assets is a cumbersome task but critical for reducing unplanned costs. An MSP can track your hardware and associated components and stay on top of manufacturer contracts. This will ensure that important end-of-life dates never get lost in the shuffle. Reputable MSPs also have great relationships with manufacturers so that there is never any miscommunication.

Software and Network Costs

Accidental downtime can be very costly. It results in lost business opportunities and wasted labor – and can cost you more depending on how long it takes to restore your system. MSPs can reduce your potential downtime and save you thousands of dollars.

MSPs can provide 24/7/365 monitoring to resolve potential issues before they impact your business. You will be able to immediately access an expert who is available to solve your problem. They will also provide continual maintenance so you can sleep better at night knowing that their team is working around the clock for your business.

Employee Productivity Costs

Many IT departments are lean teams that get bogged down by mundane, manual work. Your staff might spend more time fixing issues rather than implementing strategic projects. MSPs free up the internal team, allowing them to focus on business drivers.

Not only will you improve productivity, but you will also be able to streamline many of your processes. MSPs can bring workflow standardization and a greater range of experience. Your business will benefit from the operational efficiency that comes with moving your day-to-day operations to an MSP.

Reputation Costs

Lost data, network issues, accidental downtime – all of these problems can impact your business’s reputation. Companies are expected to protect clients’ personal data, so any infrastructure or cloud-based issue that arises can negatively impact public sentiment. Reputation risk management should be front of mind for every organization, as a damaged reputation can result in huge losses.

Managed services allow you to maintain a safer and more secure IT environment. You can trust that your infrastructure is reliable and up to date, and your customers can trust you. Third-party managed service providers offer services like BaaS and DRaaS to ensure data protection. An MSP will help you maintain continuous operations – and protect your reputation.