April 25, 2022

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

 

Any business owner understands the importance of budgeting and saving money when it comes to running a successful business.

One responsibility that many business owners consider outsourcing to save time is IT support, but did you know that 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 current average salary for an IT Director is $185,221, so with this cost gone, your business will be able to 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 a requirement, you would want your business’s IT department to be as trained and as up-to-date as possible with these training programs. A managed IT partner is entirely responsible for the cost of any certifications or training programs they choose to complete.

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 know the state of your business’s finances. A managed IT partner is also a more affordable option because they typically provide services to many businesses and do not solely rely on your business for their income.

 

#2: Reducing downtime 

Downtime can cost businesses up to $5,600 per minute on average, so it’s apparent that your business will want to minimize downtime as much as possible. [2] A managed IT partner can help your business do just that, with 24/7 monitoring, you and your IT partner will be alerted that your servers are down as soon as it happens, and they will work to promptly get them up and running again. 

Your team will also be able to improve their productivity and efficiency due to the reduced amount of downtime. Downtime restricts what your team is able to do, which can lead to incomplete tasks, late deadlines, and a decrease in productivity while waiting for the servers to function again. 

Related resource:

Top 5 managed IT security services questions to ask your IT partner

 

#3: Staying compliant 

If your business is in an industry with compliance standards, a managed IT service provider can ensure that your business is meeting all requirements to avoid the fines associated with non-compliance. 

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 to not be HIPAA or PCI compliant, when it is required to be, you could face thousands of dollars in fines and legal action in certain cases.

 

#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, 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 can be especially helpful for businesses experiencing or expecting growth.

#5: Strengthening cyber security measures

A strong cyber security strategy for businesses is more important now than ever before, with ransomware attacks up 105% in 2021 when compared to 2020 and 232% compared to 2019. [3]

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 strong cyber security plan that greatly reduces the risk of a cyber attack. In the case your business suffers a cyber attack, your IT partner will know how to best respond to the threat and will have a robust action plan in place 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 nearly 10 years. As your managed IT partner, we can support your existing technical team, or we can 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: Gartner | The Cost of Downtime

3: SonicWall | 2022 SonicWall Cyber Threat Report

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