The Soft Costs of MSPs
Download as PPTX, PDF0 likes6,808 views
An MSP can help banks and financial institutions ease their IT burdens and return their focus to their core banking competencies. Selecting an industry-focused MSP that specializes in financial services allows banks to benefit from the MSP's deep experience in banking trends, regulations, and technology. A banking-focused MSP undergoes stringent third-party audits and regulatory exams similar to those faced by banks to ensure security, compliance, and service quality standards are met.
The Soft Costs of MSPs
- 1. 1© Copyright 2015. Computer Services, Inc. WAIT, AREN’T YOU A BANKER? THE SOFT COSTS OF MSPs
- 2. 2© Copyright 2015. Computer Services, Inc. In a recent MSPAlliance survey*, 50% of respondents cited the ability to return to their core competencies as their main reason for seeking a Managed Services Provider (MSP)
- 3. So, do you want to get back to the business of banking? 3© Copyright 2015. Computer Services, Inc.
- 4. As technology complexities continue, COOs often inherit IT responsibility and all that’s entailed: • Stacks of compliance paperwork • Asset documentation • Ensuring all technology is running appropriately • Vendor management and more… …on top of operations duties. 4© Copyright 2015. Computer Services, Inc. DID YOU “INHERIT” IT?
- 5. GIVE IT ALL BACK An industry-focused MSP can ease your burdens by helping with: • IT strategic planning • Technology-related mergers & acquisitions • Efficiencies in your IT enterprise • New services that may positively affect profitability 5© Copyright 2015. Computer Services, Inc.
- 6. INDUSTRY-FOCUSED MSPs WALK A MILE IN YOUR SHOES 6© Copyright 2015. Computer Services, Inc. It makes sense to partner with an MSP that undergoes stringent examinations similar to FFIEC bank exams. Here’s why: Prep you for exams and audits Cut examination time, in some cases from days to just hours Understand how financial institutions make money Tie technology to the business of banking Identify and eliminate unnecessary hardware/software Furnish live support to your bank 24x7
- 7. UNMATCHED DUE DILIGENCE In addition to stringent exams, many banking-focused MSPs undergo SOC 1, SOC 2, SSAE 16 and other third-party audits, ensuring the strictest of standards in technology delivery. 7© Copyright 2015. Computer Services, Inc. A crucial aspect of selecting an MSP is factoring in the key areas of vendor management.
- 8. LIKE COMPARING APPLES TO PORK CHOPS 8© Copyright 2015. Computer Services, Inc. If you look side-by-side at banking-focused MSPs and all others, there’s really no comparison...
- 9. 9© Copyright 2015. Computer Services, Inc. Possess technical skills to maintain and manage IT assets Maintain knowledge to troubleshoot and repair IT issues Help your institution save money, grow in assets, and improve efficiencies, security and disaster recovery Provide live support 24x7 Hold deep financial industry experience: trends, technology and operations Undergo stringent exams similar to FFIEC exams for banks Undergo SOC 1, SOC 2, SSAE 16 and other third-party audits Hold regulatory knowledge that can cut examination times from days to just hours Contribute IT strategic planning that addresses financial institution challenges Hold financial industry certifications Establish your “just right” volume of equipment to limit complexities Offer vCIO services APPLES = GENERAL MSPs PORK CHOPS = FINANCIAL INDUSTRY MSPs
- 10. Contact Us 10© Copyright 2015. Computer Services, Inc. getresults@csiweb.com