A survey by the Business Development Bank of Canada found that business owners’ highest priority was “getting their financial houses in order” after seeing revenue drop during the pandemic. They planned to do this by boosting cash flow, cutting operating costs, and investing in technology.
But even before COVID-19 swept across the globe, money management has long been a complex matter for businesses. Especially when it comes to technology.
Companies of all sizes rely on a harmonious infrastructure of hardware and software, but accessing the best equipment on the market can be expensive. Every cent counts for the majority of small- and medium-sized businesses, particularly when hoping or planning to grow. But you could waste hundreds of thousands of dollars if you make bad decisions that disrupt your IT infrastructure’s efficiency.
Fortunately, managed service providers (MSP) can help you make better decisions. And that will enable you to save money — freeing up funds you can use to enhance your operations in numerous ways.
In this post, we’ll explore how you can save money with IT services and what to look for in the best IT service company.
How can IT services help you save money?
Wondering “what do IT services do for you?” when you want to reduce your spending?
Here are some of the biggest ways that MSP IT services make saving money easier:
Reduce Costs Incurred by In-House IT Technicians
Hiring a full-time IT technician may seem like a smart decision when starting your business. You’ll have an expert on hand to manage your infrastructure, make repairs, and handle every issue that arises. Right?
Well, that’s fine in theory, but a skilled technician with valuable training and experience will command a high salary. And one or two IT professionals on-site may struggle to balance essential small tasks (updating passwords, installing software) with bigger ones (addressing security flaws). That means they could become overwhelmed and less efficient when it matters most.
But an MSP’s monthly rate is lower than hiring and onboarding a full-time qualified IT professional. The best IT service company will take the time to assess your requirements and create the best package for your budget. And the team will be large enough to handle a range of essential tasks while you focus on running your business.
Access IT Specialists Round the Clock to Minimize Disruptions
One of the chief advantages of working with a good MSP is that you’ll have access to its team 24 hours a day.
Round-the-clock availability offers the peace of mind you need in a crisis. For example, if your business is targeted by a hacker in the middle of the night, you know your IT infrastructure will be in good hands. A reliable team will work hard to identify the cause, create a solution, and make the necessary changes as soon as possible.
24-hour access to specialists reduces the danger of catastrophic disruptions that could lead to missed deadlines, unsatisfied clients, refunds, and reputational damage that makes winning new business harder.
Improve Your Cybersecurity Configuration to Avoid Costly Downtime and Other Expenses
Effective security is a must for your company. However, a survey by the Insurance Bureau of Canada (IBC) revealed that around half of small businesses in Canada don’t allocate any amount of their annual operating budget to cybersecurity. This was up 14% on 2019’s figure.
Networks will be vulnerable without effective security in place. Hackers can break in, access sensitive data, and use it for their own nefarious purposes. And the average cost of a data breach in Canada reached an all-time high in 2020: $6.75 million per incident. That’s why all businesses should implement a comprehensive security strategy to improve safety no matter how tight budgets may be.
An MSP IT services provider will help you save potentially huge amounts of money by setting up a tailored cybersecurity strategy that makes cybercriminals’ work tougher. Much tougher.
Boost Productivity and Empower Staff To Do More With Their Time
Outdated or ineffective hardware could prevent your employees from fulfilling their potential. They may spend more time waiting for websites to load or struggling with legacy applications than being productive.
But the best MSPs bring you the ideal hardware and software for your operations. They’ll work with you to understand what your employees do, what systems they rely on currently, and what improvements are available.
That can empower your employees to be more productive and efficient, so they can do more in less time. That will help you achieve a better return on the money you invest in technology.
Stop Wasting Money on One-Off Repairs and Maintenance
When something goes wrong with your computers, server, or other IT hardware, your first instinct may be to call a specialist to handle it for you. That might involve paying high fees for a local service provider to visit your premises at short notice, and covering the potential cost of any maintenance required to fix your equipment.
You could incur significant expense over time if your hardware needs to be replaced because you don’t want to pay for new tech. But with managed IT services, you’ll receive the latest hardware and software that’s less likely to experience difficulties.
And repairs and maintenance will be covered in your package, so you won’t need to worry about unforeseen costs if something goes wrong.
Start Saving Money with Professional Managed IT Services
Your business can save money with IT services from an experienced, dedicated provider. NETWORTH is the best IT service company for growing businesses in the Greater Toronto, Vaughan, Mississauga, Brampton, Burlington, Oakville, Stoney Creek, Hamilton, Montreal, and Niagara area.
Our MSP IT service portfolio encompasses expert solutions designed to help your company flourish. NETWORTH offers:
● Computer network installation
● Network and server support
● Information and cybersecurity services
● IT support management
● Computer IT support and wireless network services
● Remote and on-site support
● Computer repair and maintenance
Each of our MSP IT services is provided by highly trained professionals with invaluable hands-on experience. We’ll enable you to save money that you can invest back into your business.