Finding Your One-Stop Shop: The Benefits of Choosing an All-Inclusive IT Provider

By ECI | Friday, June 25th, 2021

As investment management firms and biotech companies continue to grow and prosper, the need for a “one-stop shop” IT provider is becoming increasingly necessary. Finding one company that can hone in on your technology needs and quickly provide solutions is a smart investment, as well as a good relief. Here are a few of the main benefits firms can realize in working with a single, all-inclusive IT provider.

Communication & Cost Savings

By consolidating all of your IT into one single provider, you can reap the benefits in two different ways - through time and actual reduction of costs. With one provider, you are only dealing with one team and one set of contact points – and that means only one bill. This facilitates your daily life as well; when a problem arises you only have to call one person instead of ten. Furthermore, it can reduce fiscal costs. You won’t have to pony up for multiple start-up and registration fees and you’ll have greater control over the structure of your expenses.

Efficiency

Using one provider allows you to cut through the complexity. The increasing complexity of the industry, especially in today's remote world, requires a greater depth of expertise when it comes to technology. Having everything under one umbrella greatly simplifies all of your IT requirements and reduces cross-over inefficiencies. Additionally, instant access to experienced technical personnel allows your fund to focus on its core competencies and key competitive differentiators.

Professional-Grade Service

By leveraging an all-inclusive provider, investment firms and biotech companies can offer investors full transparency, a robust disaster recovery plan, a business continuity program, consistent risk management and compliance oversight processes.

This becomes increasingly relevant as firms move to the cloud. Here, you can get secure remote access to all of your information, applications and solutions, making your job a whole lot easier. In the case of the cloud, you can reap the benefits of a world-class order management system, for example, directly through a cloud services provider – as long as they have the ability to host that application.