TERMS OF SERVICE TERMINATION
Before partnering with a managed IT service provider, it is crucial to agree on the terms of service termination, should the partnership come to an end. Depending on the MSP’s involvement in your organization, terminating the service, especially after an extended period, may not be as easy as you might think. It helps to iron out the details from the very start; this protects both parties from liabilities, legal or otherwise.
Pricing is a critical consideration when working with an MSP. Small and medium-sized businesses spend as much as 10 percent of their annual income on IT. Companies often look to cut their IT operational costs by hiring managed services, so the pricing model of the MSP is a critical factor in justifying the ROI.
The cost will depend on many variables, such as the type of services provided, the size of the IT infrastructure, and the expected performance of the MSP. However, you may have some control over the pricing if the MSP allows you to tailor the service you receive.
Managed service providers are paid in monthly or annual subscriptions. Most MSPs provide little leeway to adjust prices mid-agreement, so make sure to handle price negotiations at the beginning. You should also learn how the MSP accommodates scalability, particularly in terms of costs.
IS A MANAGED IT PARTNER RIGHT FOR YOU?
The rapid growth of the managed IT market is evidence that more and more businesses are embracing the idea of outsourcing their IT services. The industry is expected to grow to $356 billion by 2025 from the current market size of about $200 billion worldwide.
Managed IT services are ideal for both small and large organizations that deal in one way or another with IT systems, either locally or in the cloud. Are you on the fence about hiring a managed service provider? Well, if your answer is yes to any of the below questions, you should definitely consider outsourcing your IT services to capable professionals.
- Is your growing business demanding more than your current IT infrastructure can deliver?
- Are you thinking about moving your enterprise to the cloud?
- Are you struggling in coming up with an IT management strategy?
- Do you want a manageable and predictable IT budget?
- Are you thinking of overhauling your IT infrastructure?
- Is your in-house IT team putting a strain on your organization?
- Are you looking for easy ways to meet legal and industrial IT standards?
Hopefully, we’ve enlightened you on how to go about hiring a managed IT service provider and what to expect when developing a meaningful partnership with an MSP. If you’d like to learn more about managed services, don’t hesitate to talk to us.