Insights
Insights
IT can be a massive investment for your organisation. After all, with the rising cost of skills and the advancement of technology, you can invest a lot into technology and end up reaping nothing. With this, it’s vital to ensure you’re always maximising your return on investment (ROI).
One of the best ways to maximise your return on investment is by tackling the challenge of the cost of skilled workers. After all, IT skills are expensive, and attaining them can be costly — the recruitment process can be tedious. Enter Managed Service Providers (MSPs), who completely mitigate this.
In this blog, we will strictly review what return on investment means and how you can work with a Managed Service Provider (MSP) to maximise your ROI. We’ll also look at how you can optimise your technology use with MSPs.
Return on Investment (ROI) essentially says how much return you make on your investment. This can usually be calculated as any percentage, in which you subtract the initial cost of the investment from its final value, divide this new number by the cost of the investment, and multiply it by 100.
However, more importantly, your return on investment is essentially the success of an implementation. By profiting from your investment, you create success and prosper. But there are other things to consider, such as customer satisfaction, market share, risk management, and employee productivity.
With this, the ROI needs to be made in places that bolster productivity and customer satisfaction, which means streamlining costs and improving performance to ensure a positive overall effect.
Managed Service Providers (MSPs) are great for maximising ROI by streamlining costs and improving service and performance. MSPs essentially handle every aspect of IT within your business, they take care of IT maintenance, installation, security, and every other aspect of IT you can think of.
Working with an MSP is great for maximising ROI, as you remove the cost of personnel while also providing better service overall.
MSPs are flexible businesses with many employees to tend to your needs whenever needed. So, unlike an in-house IT specialist, who might have a hierarchy of important tasks they need to complete everything gets sorted quickly and effectively.
The main key benefit of working with an MSP is the cost savings. After all, hiring in-house IT expertise can be incredibly expensive due to the global IT skills shortage.
You’re saving costs with no downside. Working with an MSP is similar to hiring someone in-house, if not better.
MSPs are companies filled with IT experts who will help solve your problems and ensure that all of your IT needs are fulfilled. This comes at a much lower cost than hiring an in-house IT specialist and has the benefit of multiple minds coming together with different perspectives.
Because of this, you have a variety of expertise that you can tap into to ensure that your investments are all in the right place.
Security is important for keeping your data safe and for financial protection. A security breach can be incredibly costly, completely negating and ruining your investment and causing even more damage.
MSPs are great for security, with expertise and around-the-clock protection, your business is always protected.
Unlike hiring people in-house, you can infinitely scale your agreement with an MSP to meet your business’s growth.
After all, it is vital to ensure that your business can accommodate growth, and that includes your IT capabilities.
Technology audits are fundamental to how MSPs optimise your business’s technology use. Audits will let an MSP see where your business needs to improve so they can take steps to help your business.
By doing this regularly, you can constantly improve your business and make sure that your investment is being used to take steps to further your business.
MSPs provide around-the-clock maintenance and support to your business. They can proactively take maintenance steps such as scaling hardware, patching, and doing everything else required to keep your business up and running.
Where an in-house IT specialist would be stuck working a 9-5 schedule, an MSP could work at any time to ensure that you’re protected and that everything that needs to happen happens instantly.
Working with an MSP will give you access to a partner who can provide customised solutions that work for you and ensure that the solution is suitable for your business needs.
Every business will have unique needs that an MSP can use their knowledge to address, and the team will be able to ensure that the solution gets put into action as quickly as possible.
Strong returns on investments are vital to any business, including technology. By working with an MSP, such as Aura Technology, you can save money and cut costs while improving your business, ultimately letting you profit and prosper.
MSPs are much more cost-effective than an in-house IT team and can help ensure your business’s IT strategy is tight.
If you’re looking to start working with an MSP, contact us today. We’ll walk you through the process of taking your business to the next level while ensuring that you’re informed every step of the way.
Get in touch with us now and see how we can help.