5 Ways Financial Institutions can benefit from new technology and a partnership with a Managed Services Provider

Technology is an integral part of any business. Coffee shops are using iPads to take orders, paper charts are near extinct in medical and dental offices. The majority of the workforce spends most, if not all, of their day looking at one, to as many as five (or more), monitors depending on the type and function of the business.

Technology as we know it has changed and will continue to evolve.

In order for Small to Medium Size Businesses (SMBs) to continue to grow and remain compliant with their governing organizations, the technology within each business needs to change. This is especially true with financial institutions. Business executives should work with a Managed Service Provider, such as IRIS Solutions, to improve their network and technology while growing their business.

When a financial organization begins to look at improving their technology, speed is the first thought which comes mind. Speed is important, however it is not the only concern. Financial organizations must also consider cybersecurity capabilities and anytime-access to their data.

Here are the top 5 ways SMBs can benefit from new technology and a partnership with a Managed Services Provider:

  1. Timing and Planning: Most SMBs are not able to toss the old computers and servers out the window and start fresh with brand new computers, tablets, and networks.
    This transition takes time.
    A financial organization would benefit from a nimble working relationship with a Managed Service Provider to adjust the technology structure as new products come to the market and as security needs change.
  2. The Bigger Picture: A Managed Service Provider is able to address redundant technology issues and create solutions for the larger, network issues.
  3. Operations and Delivery Capabilities: Financial organizations are mobile. They are not tethered to a desk. Working with a Managed Service Provider allows for troubleshooting via remote technology support, even when the user is out of the office.
  4. Business Continuity Planning: A Managed Service Provider will work with a business to create a plan, provide input, support, and strategy, and put the plan into action if an emergency occurs. Whether after a disaster or a power outage, a Managed Service Provider will help you move forward rather than backward.

  5. Organization Alignment and Partnership: Companies need more business-enabled talent within IT and more IT-enabled talent within the business. Working with a Managed Services IT Company has your business success in mind- not just your network success. A good Managed Service Provider will focus on the overall operations of the business and will work your staff to make sure they are able to use the technology. They work together to align the vision of the future, what they want to accomplish, and what capabilities will they need to get there. Effective Managed Service Providers lead programs of continuous improvement; refining processes with feedback from customers, the front line, and the managers.

If you are looking for a business partner to help you navigate the changes and security challenges with Technology, contact IRIS Solutions. We are here to help your business grow.

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