Many companies restrict their own growth and limit their potential profits by insisting on handling all major functions internally. From employee recruiting to vendor management, many of these tasks having fluctuating levels of demand. Your company could spend a lot of money on hiring and funding a salary for a professional who does not have a full-time workload on an ongoing basis. This is a particularly pressing issue for companies that operate on a project or contract basis and who do business in a number of different cities, countries or regions.
Attempting to handle all critical expansion tasks internally can quickly diminish your liquid capital. It can also leave your business vulnerable to periods of severe financial loss when salaries must be paid despite decreased demand for certain services. If you find your company in need of help with staffing, recruiting, vendor management or similar functions, it may be time to consider managed services as a means of stimulating ongoing growth.
What Is Managed Services?
Many growing companies could benefit from the help of a managed solutions provider. However, far too many business managers, owners and executives are confused. If you find yourself wondering, “What is managed service?,” you could be overlooking a means of reducing your company’s internal expenses and improve its overall efficiency. Some people find the managed services definition confusing, because it deals with individualized support and outsourcing. However, it’s relatively simple.
An outside company takes on the responsibilities in a certain area, such as human resources. This company will then provide your business with a single point of contact for all critical communication, such as new project recruiting. Instead of dealing with numerous outside agencies or hiring another staff member, your company can benefit from expert assistance when it needs it, without paying for it when it is not required.
What Is a Managed Service Provider?
The basic managed service provider definition is straightforward. It is an outside company that provides assistance with management responsibilities and critical business functions. Typically, a managed services provider (MSP) will help an organization improve its operations and efficiency while also finding means to cut expenses without damaging the business.
A MSP can help your company evaluate its current business model, policies, contracts and practices to look for weaknesses. The right MSP will proactively suggest improvements and help the business remain competitive and profitable. While there are certainly costs associated with managed service provider solutions, they will scale to your current need and demands, helping your company save money when it does not have a need for MSP services.
Singular Has Experience with Providing Managed Services
As the MSP division of the globally renowned organization Airswift, Singular can offer your company many unique benefits. Singular employees come from technical backgrounds, ensuring that our employees can understand the demands of your project and the kinds of staffing you require.
Singular also has the global reach that Airswift provides with more than 50 offices and contacts all over the world. No matter where you have a pending project or contract, Singular can help with everything from staffing to supply chain management.