Outsourcing IT services is fairly common for Oklahoma City businesses of all sizes, in all types of industries. When a business outsources its IT needs, they give many of their tasks to an MSP (managed services provider), reducing workload and responsibilities for their internal team. Instead of having to run, manage, and troubleshoot every piece of technology, they leave those aspects in the hands of a team that can devote 100% of their time and effort to it. This includes software, cables, connectivity, servers, firewalls, routers, and more. Not only does the MSP run and manage these essential tools and resources, but they also do so in a way that focuses on creating top-notch results.
There are a number of reasons Oklahoma City businesses utilize a managed services provider, including the freedom to focus on the most essential parts of the business, ensuring effective, seamless processes, letting experts create top IT strategies on their behalf, and more. One area that experiences a great deal of benefits from using managed IT services is the financial savings that are encountered.
Outsourcing IT workloads provide a number of financial benefits that make the choice very attractive. Let’s take a look at three of those benefits.
Increase Cost Savings
The number one financial benefit that businesses experience when they outsource their IT is the increasing cost savings. When businesses manage their IT needs internally, their expenses are often set and fixed based on prior or previous year expenditures. They simply must put a certain amount of money towards their IT solutions every month, with no variation or possible flexibility when an emergency or immediate expenditures arise.
However, those that opt for a managed IT services model, have extreme flexibility. In the MSP model, the service provider offers an array of services at a set cost that the business can budget and plan for with very little risk of an emergency or swaying capital expenditures from one month to the next. The money that they save is capital that can be used in other revenue-generating areas of their business, allowing them to pursue other endeavors that can grow and improve their service or potential market share. . With greater capital being used in worthwhile, revenue-producing areas, the business could even become more appealing to potential investors and stakeholders.
Every business is looking to increase profits and reduce expenses. A simple way to do this is by utilizing the managed IT services from a professional MSP.
Create Cost Efficiency
With managed IT services, shared software and servers enable cost efficiencies. For example: Shared resources in the cloud value proposition, have higher rates of utilization which ensures greater cost efficiency. Another component that can make the model more efficient is using hybrid sourcing of various technology offerings along with and to match the specific needs and workflow of the various It projects.
The cohesive combination of these resources ensures that managed IT services create incredible cost efficiency for businesses.
Build Better Control of Expenses
Businesses that take care of their IT solutions internally are boxed in by unpredictable expenses. Unfortunately, these costs are often made up by a lower bottom line or being passed on directly to customers in the form of an increased price and or diminished level of customer service.
Instead of encountering savings, many businesses with internal IT teams, are spending an exorbitantly large amount of their operating budget each month to have their internal team run and manage everything that is considered tech-related.
By outsourcing many if not all IT services, businesses gain better control of their IT expenses. This provides them with the flexibility to spend their resources in areas that are far more profitable.
The decision on whether to outsource IT services or not is an important one. There are many upsides for a business to hire an MSP to manage their IT resources including a handful of financial benefits. Businesses are able to save money, have greater cost efficiency, and gain control of their expenses, by outsourcing IT. This creates a straight path for growth, conversion, and success.
Here at RACK59, we can help you accomplish all of this and more. We believe that your success is our success. Become one of our satisfied business clients. Our goal is to go above and beyond to help you focus on the strategic vision of your business.
Learn more about the managed IT services available from RACK59.