If there is one thing we know for certain, it’s that the economy will always fluctuate. Recent years have witnessed notable spikes in rates, unpredictable swings in the stock market, shifts in IPOs, and global instability.  

These variations in economic conditions demonstrate the need for a thorough review of your current operational strategies. It’s imperative to identify avenues to mitigate financial constraints and adapt to market dynamics, especially as they evolve and get more complex. Moreover, amidst escalating cyber threats and the increasing sophistication of bad actors, protecting your firm’s assets is more important than ever.  

It’s not all doom and gloom. As firms evaluate how to best improve operating margins, they’re increasingly turning to outsourced IT models. Specifically, financial firms are leaning on Managed Service Providers (MSPs) to help lower costs without interrupting daily operations or compromising support quality. Here’s how.  

msp feature checklist

1. Outsourcing Saves You Time 

Time is money – especially in your fast-paced world. While your internal IT team was hired for their talents, the reality is that many of their hours are spent reacting to daily break-fix requests so your employees can work without disruption. By partnering with an MSP that can implement productivity-driving solutions (and an easy-to-navigate self-service portal), you’ll save your IT team from spending energy on level 1 end-user tasks and requests. When your engineers aren’t performing routine management and maintenance to keep technology up and running 24×7, they’ll be focused on big-picture projects that enable revenue generation. 

2. Outsourcing Saves You Money 

Firms that offload some or all of their IT needs to an MSP are typically able to reduce their total IT spend. With Agio, we’ve built a pricing model that enables us to progressively lower your cost the longer we work with you. How you ask? By leveraging machine learning and predictive analytics, we’re able to identify and address problems before they impact your team. And when a problem does arise, those same tools enable our team to quickly resolve the issue to minimize disruption. Speed—to resolve issues and fulfill requests—is at the core of Agio’s service commitment to our clients. Over time, this speed fosters trust, grows relationships, and ultimately results in healthier information systems.  

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3. Outsourcing Keeps You Secure

Outsourcing your IT and cybersecurity needs to specialized MSPs is an essential strategy for boosting the security of your investment management firm’s assets. By tapping into the expertise of seasoned professionals, accessing cutting-edge technologies, and benefiting from scalable solutions, outsourcing prepares your firm against the incoming more frequent and complex cyber threats, all the while maintaining regulatory compliance. By doing so, you can secure your data while also freeing up internal resources. Your IT staff is less overwhelmed, and your staff can focus on business growth while you are reassured that your information is in capable hands.  

4. Outsourcing Gets You Ahead

If you ain’t first, you’re last. Technology changes as quickly as the markets, so if you’re not up on the latest and greatest, you’ll be quick to fall behind the competition. Staying ahead with a purely insourced IT model means higher overhead costs and large recurring investment in IT infrastructure. Agio pairs artificial intelligence with human expertise to power an outsourced model designed to keep you ahead in an increasingly complex, data-intensive, and intertwined IT and cybersecurity landscape. We have the people, processes, and tools in place to ensure your IT environment is delivered and governed for maximized performance and reliability. Our technology—paired with check-ins from a Customer Success Manager and regular IT and cyber health reporting —empowers you with the service, knowledge and insights you need to keep your firm operating smoothly (and looking smart to investors).  

it infrastructure assessment

5. Outsourcing is Easy With the Right Provider

Outsourcing to an MSP like Agio offers a transformative opportunity for IT teams and financial service companies. By trusting the management of IT and cybersecurity operations to a well-equipped and expert MSP, firms like yours can redirect your internal focus on strategic initiatives to drive innovation.  

Now, your firm can deliver tangible value that garners recognition from key figures in your business including C-Suites, the boards, and investors. At Agio, we recognize the future of managed services lies in continuous adaptation. That’s why our top priority is to invest in advancing the MSP model. Through our commitment to excellence, we empower our clients to stay ahead of cyber threats and achieve their long-term business objectives.  

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Learn more about our forward-thinking approach and how it’s reshaping the managed services paradigm: Moving Forward: How predictive intelligence & human brilliance are shifting the managed services paradigm 

Editor’s Note: This blog was originally published on January 26, 2023, but has been refreshed for accuracy, freshness, and relevance to ensure it provides the most up-to-date insights and information for our readers.