In the managed service provider (MSP) channel, Forrester tells us that about 25% of service providers are running at break-even, even during great economic times. That means that now, more than ever, it’s critical to be managing cash well. But crisis cash management is different than day-to-day management when profits are high and cash flow is steady.
The fundamentals of managing your business don’t change during a crisis regardless of what causes that crisis. Whether the cause is a natural disaster, ransomware attack, keyman illness, or a pandemic-induced recession like COVID-19, there are real, practical, and effective ways to respond to ensure the survival of your business in the short and long term.
We recently shared our excitement about a new research study we commissioned that looked at the trends in managed security and backup among MSPs. That blog provided an overview of the survey’s methodology and a few preliminary data points. In this blog, we will dive into the first main section of the survey which looked at security, and we will discuss how the findings relate to the benefits provided by Acronis Cyber Protect Cloud.
