Cyr Financial Wealth Advisors was built from the ground up. When they realized that a managed service provider (MSP) was going to be absolutely necessary as security needs grew, they turned to Winsor Consulting for their expertise. Moving from an internal IT person to a full-service MSP seemed daunting but Winsor made this transition smooth and without incident.
Being a strategic steward is at the forefront of every good business person’s decision making. You always get what you pay for. Cyr and Winsor fulfilled a successful three-year partnership when the contract expired. Cyr had the opportunity to save money by switching to a budget-MSP supplied by a partner broker.
This choice is where the story takes a turn.
Choices Were Made
Cyr Financial came to a crossroads; in one direction was to continue their partnership with Winsor and the other was to explore an opportunity to save money with a budget-MSP. Cyr chose to take the savings and reinvest into other areas of the business. We can all relate to this. Savings are just as good as profit!
Saving money on coffee for the office or getting a deal on printer paper is very different compared to saving money on keeping your data secure and your digital infrastructure running smoothly. You always get what you pay for in the latter.
Cyr made the decision to save money and felt the difference right away. Servers were down which limited access to necessary information that affected not only employees, but also clients. Trust began to erode in systems and in people. Phone calls to find solutions weren’t being answered. It was just a nightmare situation. Is your company willing to withstand a lack of communication or attention from your MSP when critical IT infrastructure is impacted? Is the data you store, whether proprietary intellectual property or personal client information, something you can risk losing? Odds are, you can’t take that risk.
The Best Way To Move Forward Is To Take A Step Back
Can you remember the last time you got lost? It’s probably hard to remember since we have a GPS on every device but have you ever lost service? Maybe an unforeseen detour has set you off course and now you’re in unfamiliar territory. The best way to get back on the right track is to retrace your steps.
This is exactly how Cyr Financial handled their budget-MSP misstep. You can’t put a dollar amount on trust, and they very quickly realized that a budget-MSP was going to cost them more in the long run. They had to make a change.
Cyr decided to get their leadership team together, put in the work, do the research and find the best MSP that was going to provide the peace of mind and service that they once had with Winsor.
Cyr Financial’s meticulous research and interviews culminated in a clear choice:
Winsor Consulting. They knew this partnership would propel them into the future with confidence and security.
What will guide your decision making?
While finances must always be taken into consideration in business, there are some corners that should never be cut. Having taxes in order, lead generation, and a trusted partner to keep your digital assets safe are just a few. Paying for less quality service in these areas might make sense in the short term but will always cost you down the road. You can always buy something disposable and then replace it, but your data and your clients’ information deserve better care.
About Cyr Financial
Cyr Financial Wealth Advisors isn’t just a retirement firm but strives to be a financial partner. As a full-service, independent, fiduciary Registered Investment Advisor, they are all about you and your retirement journey. They don’t just invest; they guide you through income planning, healthcare, taxes, Social Security, long-term care, estate planning and much more.
Find more information on their website and subscribe to their podcast.
Feeling overwhelmed by all the IT and cybersecurity tasks in front of you? Are there things you don't know that you dont' know? Reach out and we'd love to partner with you!