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The short answer to ‘What does a managed service provider do?’ is everything you need to strengthen, optimize and protect your IT.

With businesses relying so heavily on their technology, you can already see why MSPs can be vital to business development, including protecting against shocking global cybercrime.

This article goes into more detail on this topic and specifically how you can save money with a managed service provider.

What is a managed service provider?

First, let’s examine the role of MSPs in more detail.

The best managed service providers tailor their IT support to the current IT status and the business goals of your company. They basically help you fill in any gaps in between, including recommending and suggesting infrastructure and network improvements.

Additionally, their advice and activities can be summed up to guide you to an authentic digital workplace. This includes having a high level of connectivity, integration, and cybersecurity.

This may include helping you purchase Microsoft 365 licenses on favorable terms and offering you access to affordable leased lines to improve wall-to-wall Internet access in your premises. Whatever you need to improve and optimize your IT, a managed service provider will be happy to help.

What support do managed service providers offer?

Some companies are turning to MSPs to help them with IT transformation activities, such as migrating more of their business operations to cloud computing or moving to VoIP phone systems.

However, managed service providers also provide an important ongoing IT resource that can save you money in the long run. This also means that you can access IT advice and “fixes” around the clock in order to avoid downtimes or errors and confusion for employees.

They make IT updates seamless and automatic. Also, the leading managed service providers are constantly looking for ways to improve their IT so you can get things done faster and more cheaply.

How can these services reduce corporate spending?

Aside from the fact that MSPs can save you from losing money, their IT services can also reduce the amount of money you spend as a business. This includes maximizing your ability to leverage cloud technology to avoid costly hardware and software investments.

Any new technology they recommend to you – such as B. Leased Lines – is designed in such a way that it pays for itself quickly through long-term cost savings.

A good example of how much money MSPs can save you is switching to VoIP PBXs. VoIP allows you to spend less on traditional telephone systems and also gives you free calls. The additional benefit is that your team can connect with each other, with your customers and suppliers on any device.

This – and the business benefits of installing Microsoft 365 – means your team can easily collaborate and communicate remotely, including sharing real-time data and providing well-coordinated project management and digital client presentations. Of course, this not only saves travel costs, but also time.

When should a company consider using an MSP?

The financial benefits of continually supporting your IT stand alongside other important benefits. Hiring a managed services provider improves your business connectivity and integration, as well as your data management, security and agility.

You also urgently need a managed service provider if you don’t already have a robust disaster recovery plan. They can advise you on the best way to automate off-site data storage and cloud solutions that will get you up and running quickly when your head office or server goes offline.

Your IT service provider can also take an active part in your data retrieval systems and your recovery efforts, for example after data protection breaches.

In other words, they are an essential ally in preventing or minimizing business interruptions.

The cost of not using an MS

You can also look at the financial benefits of hiring managed service providers from a different perspective. If your IT can’t keep up with your competitors – or the expectations and demands of your customers – it can be disastrous.

Cybersecurity may not be maintained. did you know already 60% of SMEs to go out of business entirely within six months of a major data breach or cyber attack?

Another more insidious threat to your financial health is that resources are lost – and mistakes are made – due to outdated legacy systems or fragmented IT. Not to mention the risk of not having disaster recovery plans or off-site data storage.

This begs the question, can you afford to do without managed service providers?