July 13, 2021

IT Industry Guide: The Financial Benefits of Managed IT Services

IT Industry Guide: The Financial Benefits of Managed IT Services

Not sure how the IT industry can help boost business and save you money? Click here to learn everything you need to know about IT services.
IT Service Provider

You're a business owner in the IT industry, and you have a lot on your plate. You need to make sure that each of your employees is productive so that the company can be successful. In addition, you need to worry about managing all the equipment in your offices, such as computers and printers.

There's a problem, though: these IT tasks take up most of your time and cost a lot of money. A small company in the U.S. spends about 6.9% of its budget on IT.

One solution for this dilemma is to hire managed IT Services. This blog post will show you how these services can help improve your bottom line and create a better financial future for your company.

Improve Productivity

Managed IT services can help your company become more productive by providing relevant software and hardware solutions. For example, a managed IT service provider may inform you that the computers in one of your offices are outdated or will soon be obsolete.

After installing new devices for this office, productivity can increase as employees have access to newer software and hardware. Not only does productivity improve with these services, but so does employee morale. When they know their manager is trying to make them more successful at work — it shows!

This also improves retention rates among qualified staff and makes it easier to find talented workers when positions open up. Prospective candidates want to work for an innovative company like yours.

Keep in mind that IT consulting offers the best of both worlds: An affordable rate and flexibility. This means you'll only get the pros involved when your company needs their assistance.

The outcome is greater productivity within the workplace while freeing up resources for other projects.

Reduced Downtime

One of the top benefits of managed IT services is that they can reduce downtime for your company. There are many reasons why a computer or network might go down, such as software updates and viruses.

When you use remote monitoring services from an IT service provider, they will be able to identify what’s wrong with your system quickly. The issue is fixed more efficiently than if you were on your own. This means less wasted time when fixing those problems, in addition to increased uptime for all of the equipment at your office.

A lot of time is wasted by employees trying to fix computer problems on their own. This often leads to mistakes that take even more time and money to fix later. It's much better for the company if an IT service provider handles these issues because they are trained professionals with years of experience fixing all sorts of computer problems.

Reduced downtime leads to a better ROI meaning more money for other investments, such as marketing campaigns. Once you sign up for this type of service, they take care of everything from backups to updates. All you have to worry about is getting work done without distractions.

Expert Customer Service

A managed IT service provider is a great way to ensure that your IT systems are running smoothly. You don't want your employees wasting valuable time trying to fix the problems themselves or constantly calling you for help, which can be disruptive and take away from other important tasks.

Managed services will allow you to focus on the work that needs to be done instead of dealing with all the hassles that come from a malfunctioning computer system.

Managed IT services usually come with 24x365 phone support, so if an issue arises in the middle of the night, someone is there for help right away. If there is a problem, they will act quickly to resolve it. This will help to keep your clients enjoying uninterrupted services 99.99% of the time.

You can count on these providers to always do what it takes to fix any problems you are experiencing with your network or computer systems so that downtime and inefficiencies are minimized.

Low Initial Investment Cost

Managed IT services cost a fraction of what it would cost to build your own IT department. You can start small and grow at a pace that's right for you, which will save both time and money.

Ongoing support costs are low compared to hiring an internal team because there is no need for benefits packages or vacation payouts. Plus, employees from a third-party company typically charge less than those working directly for your organization.

There's also no money needed for expensive equipment, software licenses, and ongoing training.

If your company has a small budget, it may not be possible to hire in-house staff for all of its needs. In this case, you can outsource some or even all of it without breaking the bank. There are plenty of managed services providers that offer flexible packages, so you only pay for what you need.

Predictable Budget

With managed IT services, you have a predictable budget. In other words, it's easy to plan for expenses if they're fixed and known in advance. 

This is not the case with in-house IT services, where employees' salaries can vary considerably from year to year.

Leverage Expert Knowledge

Another benefit of IT consultants is that they are more likely than internal staff members to be up-to-date on all of the latest developments within your industry. Statistics show that 46% of businesses that outsource IT services get skillsets that are not available in-house.

These pros will help you stay ahead by implementing new technology before it becomes mainstream. As such, your company avoids being left behind as everyone moves towards cloud computing or IoT solutions.

Availability of expert knowledge also means you don’t need to spend money on in-house employee training.

Supports Scalability

Managed service providers are also an excellent option for businesses that are scaling quickly. As your business grows, the managed service providers will expand with you.

MSPs can provide additional IT staff, so it's not difficult to scale as a company and take on more projects without hiring in-house employees. Plus, there's no worry about losing talent since MSPs offer training programs where they'll teach their own replacement.

Get Ahead in the IT Industry With Managed Services

So, what’s the bottom line? Managed services can help businesses in the IT industry run more smoothly and save money. The peace of mind that comes from relying on a team working to keep everything up and running, without having to worry about it ourselves, is priceless. 

It's time to stop wasting money on a DIY IT strategy. Contact us today if you want to know more about how we can help improve the ROI on your investments while keeping things simple at the same time.

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