Increasing ROI on your IT Expenses with EOSL Services
Using an EOSL Database and understanding AMC Services can make it easier to prepare for the end of service life date of your assets, but what’s the next step? The expenses of upkeeping IT hardware within a business can be greatly reduced by researching EOSL, but it’s often difficult to know where to start.
EOSL- What does it mean for my business?
Its well known that when you purchase a vital piece of hardware for your business, it isn’t supported by the OEM forever. Each asset you own comes with an EOSL date from your OM- yet most people are unsure when this is. This can cause issues within a business, thinking your assets are covered when they break, need updating or have issues, yet they have passed their EOSL date and no longer receive support from their OEM, meaning they are left with assets that aren’t suitable for their needs.
With an EOSL Database, you can find out when your assets reach their End of Service Life Date, meaning you can prepare by researching the next step for your business. Reaching an EOSL Date usually means the product is no longer available to buy new, and the OEM has stopped selling the product. This doesn’t always mean it is time to upgrade your hardware, which is what the OEM will try to convince you to do. Newer products usually do the same job, just in different packaging- your assets will work just fine.
Knowing this, its clear the next option will be to research which Third Party Maintenance Provider offers the services you need. The most important factors to look for are always time, cost, and flexibility, for example, if you need services for 6 months, you may have to look somewhere different to if you wanted services in annual Maintenance Contracts (AMC’s).
Knowing when your Assets reach their EOSL Date
You can always research your Assets to find their EOSL/ EOL Date through a database. However, it can be tiring searching each one of your assets to remind yourself when your services ends, and many people don’t have time to research each of their assets- hence why it is forgotten about. It’s important to not let the EOSL date of your business- critical assets creep up on you, so its vital you know the signs.
When your assets are reaching their EOSL Date, you’ll notice some issues such as weak security, lower operating efficiency, decreased performance, in need of updates, etc. With these issues, your productivity will be stunted, causing potential issues for business growth. It is vital you research the options of Third-Party Maintenance before your EOSL Date, ensuring your assets are always covered, optimizing uptime.
SLA or AMC?
Many maintenance providers will provide support in the form of an SLA- Service Level Agreement, allowing you to receive the services that are fit for you, for the time you need. SLA’s allow businesses to be flexible with the services they receive, providing a Third- Party maintenance service within your business requirements, in your budget and for as long as you need. Most Third- Party maintenance providers are global, meaning you can experiment working globally with without the expenses of hiring IT experts in every country, Third Party Maintenance providers will cover the costs for you, providing services in almost any country with no extra costs.
AMCs are Annual Maintenance Contracts, offered by multiple service providers across the globe. Where some businesses may require quick fixes in the form of break- fix maintenance, other companies will have long- term plans for their assets and need constant maintenance and support. If your business knows how long you will be keeping your assets within your company, an AMC may be the solution for you. Requiring annual maintenance and support for your assets, an AMC will provide you with the support you need for the entire year, meaning all your needs are covered under one cost with no add-ons.
Cost Optimization through TPM
The biggest misconception of Third- Party Maintenance Providers is that they don’t provide the same level of service that an OEM can provide. Whether its repairing defects, preventing upcoming issues, updates, or overall maintenance, TPM providers can supply the services you need as well as the OEM, as if the change from OEM to TPM never happened. In fact, Managed Services Providers are known help organizations save up to 60% on overall IT maintenance costs, whilst delivering the same level of services, if not better.
Managing the overall IT costs of a business can be difficult, especially when knowing where to look isn’t always obvious. To maximize return on investment of overall IT expenses, cost, time, and business needs must all be considered. Managed Services Providers are usually flexible, however they must always know your budget, requirements, and the length of time you need the services for, as well as how urgent they are. Prioritizing your needs- whether its time over cost, etc. is vital for ensuring you receive the services you require, for the best price.
OEMs and TPMs are in some way competitors, because there will always be a better price somewhere else. This means they are always competing for a better price, so don’t worry about the services you receive being overpriced.
EOSL effecting your business
Reaching the EOSL Date on your business- critical assets doesn’t mean hassle, it can mean more opportunities to expand and grow. By checking your EOSL Date with an EOL/ EOSL Database, you can open your company up to multiple opportunities within your company growth plan. Using the time to research Third-Party Maintenance provider that is fit for you can allow you to get the services you require at the price you want. Most TPM Providers are almost always global, so you can receive support anywhere in the world for no extra cost. This allows you to experiment and expand your services without hiring extra team members, saving you costs on your overall IT expenses.
With Velez Managed Services- a global managed services provider, you can prioritize your business needs and receive the best EOSL Services for your business. Increase ROI on your overall IT Infrastructure by investing in managed services for the time you need.
For more information on EOSL/ EOL or Managed Services, visit velezmanagedservices.com.