3 Ways that Managed Services Can Boost Your Business’ Profitability

In good times and bad, profitability is the priority for most businesses out there. Having said that, this priority is typically a challenging one to achieve, but did you know that there are a few different ways that investing in a relationship with a managed service provider can help increase your productivity—and as a result, your overall profitability?

Let’s break down three examples of how engaging with a managed service provider, or MSP, allows you to accomplish this.

An MSP Ensures Your Employees Have the Tools They Need

Let’s say you were trying to chop down a tree. Do you think it would be faster to use a rusty, dulled hatchet, or a well-maintained chainsaw?

This is the difference that a managed service provider can make for your business by equipping your team with the proper software and equipment and ensuring it is kept in top working condition. With this support at their backs, you can be confident that your team will not be held back by their tools, allowing them to accomplish more in their day and ultimately bring in more revenue as a result.

An MSP Can Supplement Your Existing IT Team and Reduce Downtime

Considering how closely profitability is tied to productivity, it should come as no surprise that downtime is a direct threat to your business’ ability to make money. This is precisely why it is so important for every business to have access to information technology services and expertise. However, not every business is in the position to have a dedicated in-house team, and even if they can, it may not be large enough to sufficiently provide the benefits that any IT resource should. An MSP can help solve that problem by acting as either a supplement to your IT team or an entirely outsourced IT department, depending on your needs.

In doing so, an MSP like CoreTech can help ensure that work is consistently being done, helping to ensure your profitability.

An MSP Can Identify and Streamline Expensive Redundancies

Let’s return to our tree-chopping example for a moment. Let’s say that your well-maintained chainsaw served you well enough that you were able to hire and equip employees to chop these trees for you, so you hired a small team of five. Meanwhile, you’ve also invested in 30 more chainsaws and are paying to have all of them regularly maintained. While a little bit of strategic redundancy is a good way to ensure business continuity, there is a line between “pragmatic” and “wasteful.”

An MSP can use their insight into your business and its IT resources to catch if any of your business’ IT is showing a similar pattern. Are you paying subscription costs for unused software? Are you relying on multiple services when a single one exists that provides everything you need? With an MSP like CoreTech in your corner, these opportunities to streamline your business can be embraced.

Reach Out to Find Out How We Can Help You!

CoreTech provides a wide range of managed IT services that businesses around Kentucky can directly benefit from. Learn more about what we can do for you by giving us a call at (270) 282-4926.