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What Is A Managed Service Provider (MSP)?

A managed service provider (MSP) is a third-party company that takes on the responsibility of day-to-day and longer-term management services. Managing service providers are popular amongst numerous kinds of businesses, including corporations, small and medium-sized companies, non-profits, and government-affiliated organizations.

Many businesses choose to outsource their operational tasks to a managed service provider because of the level of expertise that an MSP provides. Additionally, many companies don’t require a full-time managed service provider, so outsourcing to a third-party company allows the company to save money by having an “as needed” contract with the MSP. However, they still receive the same quality of service as if they had someone working full-time.

There are numerous areas that a managed service provider can help with, including:

Why use an MSP?

More and more businesses are beginning to use MSPs because of the technical support that they provide along with the level of expertise they’re guaranteed to bring to the table.

Financial Savings

Many businesses are starting to outsource their managed services because they don’t have enough work to justify paying an in-house employee a full-time salary. This is especially true for small and medium-sized businesses. Instead, companies are turning to managed service providers to look after their infrastructure management and managed security on an “as needed” basis.

MSPs tend to request payment in one of two ways. Most MSPs may request an initial fee to become familiar with a company’s current infrastructure and setup. From there, the managed service provider will either charge an ongoing monthly fee to be kept on “retainer,” or they’ll only charge a company when they’re needed for a specific project.

Managed service providers also save you money in the long run because they supply the technology and tools necessary for the tasks they’re being hired for.

Guaranteed Expertise

When you hire a managed service provider, you’re hiring a whole team of experts who will make sure that your projects are completed successfully and that your IT system is protected. Having a whole team at your disposal versus just having one person in-house allows for your company to have a higher level of expertise and knowledge available.

Outsourcing to MSP experts also provides your company with a lower chance for risks or liabilities since the team will have the proper technology and support to monitor your infrastructure, web services, or security. This becomes especially important if you’re a company that has to comply with government, financial, medical, or other industry regulations.

Top-tier technical support

A managed service provider is going to be equipped and up-to-date with the best technological tools necessary to keep your company running efficiently. This will save your business time and give you peace of mind because you’ll no longer be responsible for ensuring that you have the newest piece of technology on hand.

Streamlined Processes

Managed service providers start at the beginning of your systems as they dive into your processes. This allows them to have a better understanding of how your company functions and how you manage it. From there, they’ll make suggestions or put changes in place that help your company perform more efficiently. These improved efficiencies will help your company save money while also cutting down on the chance that there will be a breach in your security.

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What Is A Managed Service Provider (MSP)? 1

Contact mimirTechnology

mimirTechnology is the perfect MSP partner to assist with your infrastructure services, cybersecurity web hosting, and more. We’d love to learn more about you and your business model, so get in touch today!

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Courtney Huck