Five ways a managed IT partner can bring cost savings to your business
Explore how the right IT service provider can save your business time and money
Business owners understand the importance of budgeting and saving money when running a successful business. One responsibility that many consider outsourcing to save time is IT support, but did you know it can also help you save money?
Continue reading to learn how a managed IT service provider can bring your business cost savings.
#1: Savings on hiring and training costs
A managed IT partner eliminates the need for your business to hire in-house IT personnel. The range salary for an IT Director typically falls between $182,376 and $223,902 plus benefits, so with this cost gone, your business can save a significant amount of money to allocate to other efforts. [1]
Outsourcing your IT also saves your business the time and money of providing ongoing training programs or certifications for your IT department. There are a wide variety of IT certifications, and these can cost hundreds of dollars per employee. While many of these certifications are not required, you would want your business’s IT department to be as trained and up-to-date as possible. A managed IT partner is entirely responsible for the cost of any certifications or training programs they choose to complete.
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Most managed IT partners will also charge your business with a fixed rate that changes depending on the services you’d like to render. This flat rate can help you better plan and scale up or down based on your business needs. A managed IT partner is also more affordable because it typically provides services to many businesses and does not solely rely on your company for their income.
#2: Reducing downtime
Partnering with a managed IT service provider can significantly reduce your business’s downtime. With 24/7 monitoring, you and your IT partner will be alerted if your servers are down as soon as it happens, and they will work to get them up and running again promptly.
Due to the reduced downtime, your team can also improve productivity and efficiency. Downtime restricts what your team can do, leading to incomplete tasks, late deadlines, and decreased productivity while waiting for the servers to function again.
Learn more:
Three IT cost reduction strategies to turn to during economic downturns
#3: Staying compliant
Suppose your business is in an industry with compliance standards, such as financial services, medical, or government suppliers. In that case, an experienced managed IT service provider can ensure your business meets all requirements to avoid non-compliance fines.
HIPAA compliance and PCI compliance are two common standards that managed IT companies can assist your business with. HIPAA compliance is required for any organization that handles patient information and data, while PCI compliance is required for any business that stores, processes, or transmits credit card data electronically.
If your business or organization is found not to be HIPAA or PCI-compliant when required, you could face thousands of dollars in fines and legal action in some instances.
Related Resource:
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#4: Offering scalability options
A managed IT partner offers your business the ability to add or remove services or the amount of support as needed. As your business grows, you’ll need to add more users and devices, and you may also want to add more services.
Managed IT services work with your business and provide flexible options to best suit your business’s needs now and in the future. This flexibility can be especially beneficial for companies experiencing or expecting growth.
#5: Strengthening cyber security measures
A robust cyber security strategy for businesses is more important now than ever before. Malware stands out as the fastest-growing threat of 2024, with 41% of enterprises witnessing a malware attack in the past year – closely followed by phishing and ransomware. [2]
A data breach or ransomware attack can cost your business time, money, and resources. A managed IT partner can assist your business in developing and implementing a robust cyber security plan that reduces the risk of a cyber attack. If your business suffers a cyber attack, your IT partner will know how to best respond to the threat and can provide an action plan to restore and recover your data and servers.
Read more:
How to build a cyber security strategy for your business
Looking for a managed IT partner for your business?
Our team of trained and experienced IT professionals have been providing IT services to small and medium-sized businesses across Central Florida for over ten years. As your managed IT partner, we can support your existing technical team or provide full-service outsourced IT support.
We offer a wide range of services and packages, including our managed IT package, professional IT package, legal IT package, and medical IT package.
Ready to get started?
Contact us today to learn more!
Sources:
1: Salary.com | Information Technology Director Salary in the United States
2: Thales | 2024 Thales Data Threat Report