How to Measure the ROI of Managed Services in NYC

How to Measure the ROI of Managed Services in NYC

managed it security services provider

Alright, so youre wondering how to figure out if those managed services in NYC are actually, like, worth it, right? How to Secure Your Business with a Top-Rated NYC MSP . Measuring the ROI, or Return on Investment, can seem kinda daunting, but trust me, it aint rocket science.


First off, ya gotta know your starting point. managed service new york What were things like before you brought in the managed service provider (MSP)?

How to Measure the ROI of Managed Services in NYC - managed it security services provider

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What were your IT costs?

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

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How often was your system crashing? How much time were your employees wasting trying to fix tech problems instead of, you know, actually doing their jobs? Get a solid baseline. This is super crucial, you cant compare to nothing!


Then, you look at whats changed. Are your IT costs lower? Is your downtime reduced? Are your employees more productive? Dont just guess, collect data, man! Look at your invoices, track help desk tickets, and maybe even survey your employees. check Ask em if their lives are, like, noticeably better.


Now, heres where it gets fun. You gotta put a dollar value on all this stuff. Okay, so you saved X amount on IT costs. Great! But what about the increased productivity?

How to Measure the ROI of Managed Services in NYC - managed services new york city

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How much extra revenue are you generating because your employees arent constantly wrestling with broken computers? Thats trickier, but you can estimate it based on how much time theyre saving and what their hourly rate is.


ROI is basically (benefit - cost) / cost. So, if you benefitted 100k from these services, but they cost you 20k, your ROI would be (100k - 20k) / 20k = 4. That means for every dollar you spent, you got four dollars back. Not too shabby!


Dont forget to factor in things that arent so obvious. Like, are you avoiding costly security breaches because of better security measures? Are you compliant with regulations, which is saving you from potential fines? These things are harder to quantify, but they're definitely worth considering.


It isnt always just about the money, either. managed it security services provider Sometimes, the peace of mind that comes with knowing your IT is in good hands is worth a lot. But, yeah, ultimately you got to see if the numbers add up. If the cost is outweighing the benefits, well, Houston, weve got a problem! Maybe its not the right MSP, or maybe managed services just arent the right fit for your business. Youll need to dig in, and change things up! Its a constant evaluation, not a one-time thing. Geez, I hope this helps!