With the coronavirus wreaking havoc on the US economy, many companies within and outside Roanoke are cutting costs. Many do this by spending less on critical aspects of business, such as labor, or even by lowering their production.

As a business owner, you can achieve the same goal without negatively impacting your company’s operations. One effective way to save money is by outsourcing your technology needs to a managed IT services provider (MSP).

Why focus on IT?

To remain operational, many businesses now allow their staff to work from home and some experts believe this trend is likely to persist long after the coronavirus crisis has been resolved.

For your company to stay competitive, you need to invest in an IT setup that enables your staff to do their job and collaborate efficiently and securely outside the office. Good IT isn’t cheap, but outsourcing to an MSP can help you save money in the following ways:

#1. Reduce your fixed and upfront costs
An IT system can be pricey from the get-go. If you’re building from scratch, you’ll need to buy your own hardware and software. You’ll also need to hire an IT team that will oversee and maintain the system. Apart from these upfront expenses, you have to factor in the cost of maintenance, replacements, upgrades, and software updates.

Alternatively, an MSP oversees and maintains your IT system remotely and at a fixed monthly cost. This means you not only save up on utilities, but you also do not spend as much as what you would for an internal IT team.

Furthermore, an MSP takes care of updating your software. If they offer Hardware-as-a-Service (HaaS) and you’re signed up for it, you won’t have to pay the costly upfront cost of investing in hardware. Instead, you’ll just pay a small monthly fee for using it.

#2. Adopt new and better technologies
Cloud technology has received more attention since people began working from home because of the coronavirus pandemic. An MSP can help migrate your data to the cloud, ensuring that you have access to your files at home, as long as you are connected to the internet.

But the cloud is just one of the wide range of innovations that outsourcing to an MSP gives you access to. As coronavirus-themed scams and cyberattacks become more common, you need the newest and most effective cybersecurity solutions and tactics that an MSP can help you obtain and develop.

#3. Increase your team’s productivity
Cyberattacks and malfunctioning apps can slow down your team or prevent them from working altogether. MSPs act just like an in-house IT department does and will fix any issue to keep your downtime to a minimum.

Moreover, MSPs proactively monitor your system 24/7. This lets them detect and address any problem, such as a cyberattack, before it can harm your system and disrupt your staff.

#4. Lower your labor costs
Depending on your projected IT requirements, you may feel the need to hire more people for your IT team. Needless to say, this is counterproductive if your goal is to save money. With an MSP, you won’t have to spend time and money on recruiting and training new IT staff. Their team is composed of IT experts who are trained and experienced in addressing the different business technologies, so all your tech-related needs are covered.

#5. Scale your IT accordingly
However your business changes as a result of the current health crisis, an MSP can scale the services they provide you as needed. For instance, you can take on new services or postpone those you won’t need as you move to a work-from-home setup. Needless to say, the fees will also change accordingly. This means you’re less likely to end up paying for solutions your business will not benefit from.

For business owners, IT is no longer just an option — rather, it has become a need. If you hesitate to invest in IT because of its possible impact on your finances, we at Tech Squared can match you with solutions that empower your company while meeting your budget. Discover how we can boost your business’s productivity and bottom line by downloading this eBook today!

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Read our free eBook, 5 Big Ways IT Outsourcing Can Boost Your Company’s Productivity and find out the importance of outsourcing.

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