Managed IT Services for Banks & Accounting Firms in Houston Texas
To retain a high reputation, financial institutions such as banks, accounting firms, and private equity companies provide sophisticated technologies expected by customers and staff. Integrating the latest and most effective technologies keeps financial institutions competitive. However, it is difficult for a financial institution to have in-house staff who are experts in all existing and emerging technologies. In such situations, Managed IT Services are the most important component in keeping financial institutions savvy. In this short article, you will learn:
Choose from powerful managed IT solutions designed to position your financial business for growth and success!
Frequently Asked Questions
Read the most frequently asked questions people often ask about finance managed IT solutions
What are information technology needs and applications for the finance industry?
The finance industry requires technology to carry out financial trading activities. For example, stock traders rely on technology to get instant stock information necessary for decision making in stock trading.
Apart from trading, record keeping and financial reporting are other key applications of technology in the finance industry. Through efficient information technology solutions, the keeping of financial records and the creation of financial reporting has greatly improved.
Another easily notable application of information technology in the finance industry is data transfer. Information Technology is being used in the instant clearance of financial transactions. Customers can use debit cards, credit cards or mobile money transfer instead of issuing checks or using cash transactions.
What are finance industry top problems resolved by managed IT services?
- Security Breaches:
Cybercriminals are always coming up with new ways of breaking into financial systems either for financial gain or data theft. When a financial institution is unable to maintain the security of its systems, it is at the risk of being hacked. Managed IT Service providers handle security maintenance on behalf of financial institutions, lowering the chances of security breaches.
- Scarcity of experienced experts and talent:
Companies depending on in-house Information Technology staff have the responsibility of training them to the standards of the market.
- Technological changes:
Technology is rapidly advancing. Financial institutions are required to implement the most current and up to date technologies to stay at the top of the market. Managed IT Service Providers have access to the latest technologies.
- Regulatory compliance:
Financial Institutions are required to comply with a wide range of regulations provided by governing agencies. Implementing all measures to comply with the regulations can be difficult and costly. Managed IT Service Providers take the regulatory compliance responsibilities helping financial institutions.
Why do finance businesses need managed IT services?
Financial institutions work with very sensitive data. They work with customers, employees, and data for all other stakeholders. These stakeholders expect the financial institution to protect their data and at the same time provide efficient and exceptional delivery of services. These tasks can be overwhelming. Therefore, relying on in-house Information Technology staff may prevent financial institutions from achieving their full potential.
- Save money and time:
Managed IT Services saves money and time for financial institutions and provide predictable pricing plans.
- Access to knowledgeable and experienced IT experts:
Managed Service providers have access to the industry’s experienced experts. Financial institutions no longer have to take on the cost responsible for hiring and training in-house Information Technology staff.
- Access to up-to-date technology:
Managed IT Service Providers take the responsibility of acquiring and maintaining new and market-leading technologies.
- Access to top security services:
Financial institutions are required to provide top-notch data security and storing such sensitive data is a target for cybercriminals and malicious attacks. Managed Service Providers offer highly sensitive cybersecurity services.
What are the risks/downsides of not using outsourced managed IT services in the finance industry?
- High operational costs:
Failure to outsource Managed IT Services, places the burden on the company to hire and train their own IT staff and purchase, maintain and upgrade IT infrastructure.
- Lack of access to diverse, experienced and knowledgeable experts:
Financial institutions that do not outsource Managed IT Services may lack the access to diverse, experienced and knowledgeable experts provided by Managed Service Providers.
- Cybersecurity risks:
Maintaining high levels of security in financial institutions’ systems requires top expertise and a strong infrastructure. Financial Institutions lacking a secure infrastructure and fail to outsource Managed IT Services are likely to have high cybersecurity risks.
What are the advantages of outsourcing managed IT services for finance industry?
- Reduced costs of operation:
Outsourcing Managed IT Services omits the need for financial institutions to worry about the cost of buying and maintaining IT infrastructure, the cost of hiring IT staff and the cost of training IT staff.
- Access to experienced and top experts:
Managed IT Service Providers have access to top market talent and deliver diverse knowledge.
- Focus on key business functions:
Technology needs are handled by Managed Service Providers, allowing institutions to focus on key business functions.
- Easy and Efficient Risk Management:
Managed IT Services Providers implement security maintenance and IT risk management on behalf of financial institutions.
Statistics on managed IT services in the finance industry
According to Deloitte’s Inside Magazine - 2018 edition, the adoption of Managed Information Technology Services is rising as financial institutions try to navigate the current unpredictable regulatory and economic landscape. Many companies have opted for Managed IT Services so that they can focus on core business responsibilities. According to the magazine, market analysis shows that the value of Managed Information Technology Services in the finance industry is expected to rise to about $229 billion by the end of 2020. This shows how advantageous Managed IT Services are in the finance industry.
What Our Clients Say
Check out why other Houston banks & accounting companies choose ECS' managed IT solutions
Stoever-Parker Electric is a family owned and operated business providing quality commercial electrical contracting services. This video is an interview with the owner about the experience with Expert Computer Solutions and IT services we provide.
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Heard and Medack P.C. is a litigation law firm that uses Expert Computer Solutions to receive quality technical support and consulting. In the short video, you will hear from the owner about the quality of service and why they use ECS for IT support.
Franklin Valve is a successful manufacturing company based out of Houston, TX. In this video you will hear a testimonial why Franklin Valve selected Expert Computer Solutions as a trusted technology partner and the quality of service they receive.
Why Choose ECS
Discover why outsource your financial company's technology needs to ECS over other Houston managed IT service companies
Expert Computer Solutions (ECS) is not a typical Houston's information technology consulting firm – we’re YOUR true IT partner! Our mission is to manage, monitor, and maintain your computers and network systems to ensure maximum efficiency all for an affordable monthly fee. We give you all the benefits of an in-house IT department at a fraction of the cost of hiring one.
- Service Area
- Local resources
ECS provides IT consulting solutions to banks & accounting businesses located within Houston, Texas as well as in the surrounding areas such as Katy, Sugar Land, Cypress, The Woodlands, Pearland, Spring, and others.
Our emergency support hotline (713) 782 4357 is available 24 Hours a day.