As a business owner, you likely understand the power of making your budget work as hard as possible and spend money wisely on business operations. This time of year, you may be working on next year’s budget and wondering if there are areas of opportunity to show cost savings. One area where you can reduce costs is your information technology expenses.
Outsourcing IT business functions to a managed services provider (MSP) allows you to cut costs, save time, and even produce the same or a better outcome at a lower cost. There are also indirect benefits to outsourcing your IT including consistency in service. For example, when you use an outsourcing company, there are no sick days or PTO days to worry about – in fact, your managed service provider is always on call for you!
How does outsourcing IT save costs over relying on an in-house team? Let’s take a look at the ways outsourcing IT can alleviate budget constraints while also helping your business realize IT operational efficiency.
Reduced Salary Expenses
Let’s face it – payroll and related costs are the biggest expense for a business. On average, a company spends more than $4,000 to hire and train a new employee. In addition, recruitment and retention costs can add even more expenses to a company’s bottom line.
When you rely on an IT outsourcing company for technical support, cloud services, disaster recovery, and other IT services, you not only save money on these expenses, but you also save money on annual salaries and additional overhead costs including:
- Medical, dental, and other healthcare benefits
- Retirement costs such as 401k contributions
- Quarterly or annual bonuses
- Hard costs such as office space and furniture, computers, cell phones, and miscellaneous resources
When you work with a managed IT services provider, these costs fall on the MSP’s shoulders and not on your business. Curious if outsourcing is for you? We can help you determine if working with an MSP makes sense for your budget.
No Training Costs
Information technology changes rapidly, especially when it comes to IT concerns like cybersecurity and remote monitoring and management. In-house employees need to be on top of the latest technology developments and risks which can only be achieved by ongoing training and education. This can come with a massive price tag for a business owner.
When you work with a managed services provider, training is included, and you have access to highly trained experts without the costs. Most MSPs spend their own time and money on training for their team members meaning you can put those costs back into your business.
Another ancillary training benefit is for your own employees. As part of some support packages, MSPs offer cybersecurity training, software training, and other IT-related educational services. At Everound, we can work with your company to develop training programs that allow your employees to maximize the power of technology at your business.
Another way outsourcing your IT can save your company money is the ability to scale up – or down – quickly and easily. If you have a seasonal business and need more IT help in the summer months, for example, your IT services package can scale down in the winter. When you have an in-house IT team, you are responsible for their salaries and expenses year-round, no matter your current IT needs.
Cash flow down? With an MSP, you can scale back services for the short term to help increase your bottom line. Similarly, if you run a small business, you may not need 40 hours per week of technical support. The good news is your MSP can work with you to scale up or down based on your current financial situation.
Why Choose Everound for your Managed IT Services?
At Everound, we work with our customers to develop an ongoing managed IT services relationship that helps their bottom line. We can create a customized package that meets your IT needs AND reduces your overall information technology costs.
We won’t charge you for every help desk ticket, phone call, or meeting. Our customer service is part of the package, and you can consider us an extension of your team. Our MSP service offerings include help desk, network and server administration, network monitoring, equipment installation and configuration, backup and disaster recovery, and even after-hours support. Working on your budget and considering outsourcing your IT functions? Let’s chat.