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Home / Insights / Blog / Reducing IT Costs for Financial Services Organizations
February 12, 2020 - by Synoptek
IT cost optimization is the process of ensuring that the state of your current IT infrastructure is as efficient and utilized as possible. This process may include updating legacy technology, switching software providers, or even taking advantage of additional business application features that an organization otherwise did not know existed. Once the IT infrastructure has been made to work and operate as streamlined as possible, it in turn optimizes IT cost, because large chunks of the IT budget will now be channeled towards upkeep and digital transformation rather than damage control.
Gartner estimates “70% of IT support for infrastructure services can be performed at a remote location” and “remote infrastructure management services can reduce labor costs by 10% to 50%, depending on the delivery location, resulting in a 3% to 30% overall net savings, excluding one-time transition charges.”
A good place for an organization to start using remote infrastructure managed services is to outsource Help Desk administration and server event monitoring and management. Typically in IT, inefficiencies grow as complexity grows and over time and an IT infrastructure can evolve into a very complex system. The software and hardware tools needed to manage that complexity are viewed as too expensive to purchase and support in any but the largest enterprises.
Not so for a managed service provider as that is our core business. Synoptek Managed Services has invested over $1 million in software, hardware and trained staff to monitor and manage IT infrastructure. Replacing legacy IT infrastructure can be a complicated process and could significantly impact the ability to service customers 24×7 if not approached correctly. This is a good first step in making your IT Department leaner and more responsive to internal business objectives.
No matter how big or small your business, the ITaaS journey is only as good as the managed service partnerships you forge. Download our asset to learn more.
With the increasing pressure to lower IT operating costs and expenses, combined with the demands on your IT staff and growing complexity, let the Professional IT Services Team at Synoptek speak with you.
We will demonstrate our knowledge of the Financial services sector and show you the results we have delivered to organizations similar to yours. For some organizations, we have improved reliability and saved them thousands of dollars.
IT infrastructure consulting projects should focus on more than just technology solutions. Your organization should see measurable improvements in the following areas:
Your employees are more productive when your systems are fast and easily accessible.
Your IT infrastructure is up and running, enabling business continuity and uninterrupted service 24×7.
The best and most cost-efficient design delivers an IT infrastructure requiring minimum service.
Protect your intellectual property and privacy.
An IT environment that can easily scale with your company.
Patch, upgrade or add to your systems with little or no downtime.
The Synoptek team listens to you and works with you to provide the resources you need for an efficient and cost-productive IT infrastructure, including software and hardware solutions that will take your business to the next level.
We understand technology, business processes and business systems in the financial services industry. We can help you build the most reliable and efficient systems architecture for your business by leveraging sophisticated and proven technologies in the industry.
Synoptek can help you leverage state-of-the-art technology for a high return on your investment. We analyze every aspect of your IT infrastructure: processing capacity, networks, security capabilities, interconnectivity and shared systems. We implement an IT infrastructure that achieves results.
Synoptek consultants evaluate your current IT infrastructure and learn about your business challenges. Typically, we perform these assessments prior to cloud migrations, hardware or software changes. We determine where you are currently and where you need to be. Our IT assessment can be focused on a specific area, such as:
We will perform a comprehensive analysis, following our proven process, to systematically evaluate your technology, identify gaps and recommend improvements. You will learn how we assess, define and plan your IT environment based on your business objectives. We will then establish a plan to work with your management team to develop a strategy for implementation.
Looking to optimize the cost of your IT infrastructure? Contact a Synoptek expert today.
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