Managed IT for Financial Services Firms (Video)
Financial services companies need technology that allows them to communicate with clients, maintain data securely, and handle internal needs. At PCG, we have IT solutions for the unique challenges of this industry.
Hi, David Hodgdon, Chief Technology and Security Advisor here at PCG. As a financial firm, you rely on technology for line of business applications, processes, client communications, and backend operations.
The right IT is critical to your business. When working correctly, your IT helps to increase productivity with the right hardware to run your applications, streamline production, reduce costs, and improve customer service.
But unfortunately, it doesn’t always play out that way. Lagging networks, data breaches, and unexpected breakdowns can slow down productivity, increase costs, and make it hard to meet your client’s needs.
IT Challenges for Financial Services Companies
We understand what some of your biggest challenges now are, like a data breach, labor shortages, financial concerns like employee compensation and increased office costs. Cybersecurity, on-premises first cloud to host your line of business, financial applications, and data. Mergers and acquisitions, remote workforce, vendors, and having a disaster recovery plan to support all those.
With 27 years experience with managed IT services in cybersecurity and extensive experience with financial firms we understand the challenges within your industry and we are dedicated to helping companies like you get past these hurdles and optimize their potential.
IT Essentials for Financial Services Companies
You need a stable and reliable network to juggle tight headlines, complex projects, and multiple clients that support your workflows and minimize downtime to stay profitable. You also need secure backups and a disaster recovery plan with known recovery time objectives to safeguard business continuity and minimize the risk of data losses should an issue occur.
Unfortunately, as the financial industry’s reliance on IT grows, so does this exposure to cyber crimes and data breaches. In the current climate you face a heightened risk of cyber threats and you need a strong multifaceted cybersecurity plan to mitigate these risks.
Beyond that, your business needs to be compliant with strict requirements as you are dealing with sensitive and personal data that is of high value to these cyber attackers looking to take advantage of you.
This requires an in-depth understanding of different complex frameworks. It typically also requires network and security upgrades and documentation to prove compliance. When your company contacts PCG for IT support, you get an experienced professional who understands the most effective way to approach your technical challenges and issues. You also get an IT partner who can help you plan and ensure that your IT supports your business goals.
With all of our clients, we use a blend of established blueprint processes to ensure we don’t miss anything. At the same time, we also tailor specific services and solutions around each client’s needs, challenges and goals. There is no one size fits all approach to technology.
Your firm needs customized solutions that support all of your business processes to address the challenges of this industry, we can guide you the best fit for your needs. At PCG, we are committed to understanding our financial client’s needs and shaping our offerings around these needs.
Regardless of the size or scope of your business, you need technology that is consistent and reliable. Unnecessary downtime costs money and threatens customer relationships. You need to prioritize business continuity so that if you suffer a software malfunction, an equipment breakdown, a security breach, a natural disaster, or a power outage, the effects are minimal and you can get back to work with as little disruption as possible.
You also need a network that supports all of your software requirements, processes, and administrative functions, and you need a cybersecurity solution that protects your network. This includes protecting sensitive data and financial information and office databases or on e-commerce sites.
But cybersecurity must also protect the systems that monitor and govern client and vendor data and equipment. Having a technology roadmap, budget, and timeframe in your industry is critical to plan out your cash flow for IT upgrades and how to budget for future growth.
High-level IT planning can be challenging, but without it businesses often end up suffering downtime, incurring unexpected IT technology expenses and not being able to scale as desired.
One way we help with this is offering many of our solutions as a HAAS, H-A-A-S. This stands for Hardware As A Service. Like a lease this allows you to pay a monthly fee that’s predictable. You’ll save your capital to operate your business and have the cash reserves to get key networking hardware and software licensing to produce your services when needed.
Since 1996, PCG has a proven track record of success in the financial industry and we would like the opportunity to support your success. We can help you strengthen your IT and security, ensure that it aligns with your business goals and budget. Together we can streamline your projects from production to suppliers and vendors and ultimately to your clients. To get started, we will give you a free network assessment and security risk score and review where your critical issues are and plan on how to resolve them.
Call one of our technology experts today and learn more about our services and see why PCG provides the best value with predictable outcomes for your financial services firm.
