How to Evaluate the ROI of IT Managed Services in NYC

How to Evaluate the ROI of IT Managed Services in NYC

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Okay, so youre thinkin about gettin IT managed services in NYC, right? Smart move! But like, how do ya actually know if its worth the moolah? Figuring out the ROI (Return on Investment) can feel a bit like tryin to hail a cab in Times Square during rush hour – chaotic!


Basically, ROI is all about seein if the money you spend on somethin (in this case, IT managed services) brings in more money, or saves you money, in the long run. Its like, "Am I gettin my bang for my buck?"


First off, gotta look at what youre currently spendin. Whats your internal IT team costin you?

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    Salaries, benefits, training, equipment... it all adds up, yknow? (Dont forget the cost of those late night pizza orders when the server crashes!). Then theres the hidden costs, like downtime when systems go belly up, or lost productivity cause everyones waitin for tech support. Add all that up and you got your baseline.


    Next, figure out what the managed services provider (MSP) is gonna charge. Get a clear, detailed quote. Dont be afraid to haggle a little! Compare that number to your current IT costs. If the MSP is cheaper upfront, thats a good start, but it aint the whole story.


    Now comes the tricky part: the intangible benefits. This is where you need to put on your thinkin cap. check Will the MSP reduce downtime?

    How to Evaluate the ROI of IT Managed Services in NYC - managed service new york

      managed service new york (Probably!).

      How to Evaluate the ROI of IT Managed Services in NYC - managed service new york

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      How much will that save you in lost productivity? Will they improve your cybersecurity posture? (Hopefully!). How much would a data breach really cost you in terms of reputation and fines? These things are harder to put a price on, but theyre super important.


      Also, think about scalability. As your business grows (fingers crossed!), can your current IT setup handle it? An MSP can usually scale up or down much easier, saving you headaches and potentially a ton of money down the road.


      Then, after a few months of using the MSP, take a good hard look at the numbers again. Are you seein a reduction in downtime? Are employees complainin less about tech issues? Are you spendin less time dealin with IT headaches and more time runnin your business? (That alone is worth somethin!).


      Finally, do the math! Subtract the cost of the MSP from the total savings and benefits youve experienced. Divide that number by the cost of the MSP. Multiply by 100. Thats your ROI percentage! If its a positive number, youre in business!

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      If its negative... well, maybe its time to renegotiate or find a new MSP!


      It aint always a perfect science, but doin your homework and trackin your progress will give you a pretty good idea of whether that IT managed service is actually payin off! Good luck!

      How to Negotiate an IT Managed Services Contract in NYC