Every business is looking for a way to reduce its expenses. For many, hiring an MSP is an excellent choice. Managed service providers are incredibly cost-effective, saving businesses money in a wide variety of ways. Here are just a few reasons why a managed service provider is often more cost-effective than maintaining an infrastructure with in-house staff alone.
Paying for Services and Not Salaries
A managed service provider offers a diverse and specialized crew of IT professionals -- all of whom are available on demand as the company requires. These IT professionals have experience, skills, and education that simply cannot be procured in an in-house staff without extremely competitive salaries and benefits packages. Rather than having to pay out salaries and benefits for these IT professionals regardless of when an organization needs them, the business can instead pay an hourly fee or service charge to a managed service provider. Overall, this results in paying far less for IT services. This also makes business expenses more predictable and easier to plan for.
Reducing Downtime and Business Interruption
One of the costliest things a business can experience is interruption. When an organization's IT infrastructure goes down, they can't service clients and they can't complete deals. Companies may even discover that they lose clients following a business interruption, as their business reputation will have been damaged. Managed service providers are able to monitor and maintain a system to reduce the potential for downtime and business interruption. Through damage control and proactive maintenance, a managed service provider can limit these IT-associated losses. Managed service providers often handle situations such as backups and security -- areas which could otherwise represent risk for a business or potentially bring their system down.
Avoiding Peripheral and Related Costs
Finally, businesses with extensive in-house teams have many peripheral costs associated with those teams: advanced training, continued education, equipment and services, and help desk platforms. These costs are not only incredibly expensive on their own but they also require that employees put hours towards them. By hiring an MSP, a company can instead focus on hiring and retaining one or two talented IT staff members. They will not need to invest significant amounts of time and money into training new employees or into extensive certification and continued education costs.
Cost-effectiveness is only one of the many advantages of working with a managed services provider. To learn more about the benefits of hiring an MSP, take a look at our latest infographic below (click to download):