The Three C’s of Managed Services for Finance
There’s no one-size-fits-all when it comes to managed services for finance. The nature and complexity of these services depends on current infrastructure, business goals and potential budget. For example, a small bank or credit union might turn to a managed service provider to help keep its database environment up and running, while a large firm might choose an experienced partner to take over the management of large-scale server farms to reduce compliance challenges.
Regardless of the specific use case, three C’s are common to managed service adoption:
- Cost: Managed services offer an opportunity for organizations to reduce total costs. By implementing the services they need, when they need them, financial firms can avoid the costly downtime that comes with getting new solutions up and running. They also get access to expert help on demand, without having to navigate the increasingly competitive tech talent landscape.
- Control: Managed services also offer financial organizations increased control over their IT environments. While this may seem counter-intuitive at first because managed services naturally involve the inclusion of a third party, the sheer complexity of current environments makes it almost impossible for teams to gain complete visibility. The right mix of services and service providers makes it possible for banks to take back control.
- Consolidation: There’s also an opportunity for banks to consolidate their technology spending and operations. Here’s why: While the rapid shift to cloud over the past two years has seen banks adopt a host of new technologies, the sheer number and type of new solutions have created significant technology sprawl. With the right managed service partner, firms can consolidate key services under a single, securely managed umbrella.
How CDW Can Help Financial Institutions
No matter your need, CDW can help.
For financial firms looking to reduce risk, CDW’s managed security services can help uncover potential risks, reduce the chance of data loss and deliver Security as a Service that includes endpoint, email and website protection. When it comes to the customer experience, meanwhile, CDW has you covered with support for telebanking frameworks, advanced collaboration tools and legacy ecosystem transformation.
Managed services are here to stay. With the right managed service provider, firms can limit costs, improve control and increase consolidation.