What is the business cost of IT downtime? How do IT outages affect financial firms? What is a resilience-first IT approach?
These are all common questions we are asked here at Go West It. So, what is the true cost of IT downtime to a business? For financial firms, accounting professionals, and attorney practices, it’s more than just lost hours—it’s lost trust, delayed transactions, regulatory risk, and potential damage to reputation. When client data becomes inaccessible or communications go dark, even briefly, the impact can echo far beyond the outage itself. That’s why a resilience-first IT approach isn’t just a smart strategy—it’s a critical business imperative. By planning for disruption before it happens, firms can protect operations, preserve client confidence, and stay focused on growth instead of damage control.
IT Outages Don’t Just Interrupt—They Impact Everything
An IT outage isn’t just an inconvenience—it’s a chain reaction. For financial firms, accounting professionals, and attorney practices, even a short disruption can bring operations to a standstill, strain client relationships, and trigger costly compliance concerns. When systems go dark, so does visibility, responsiveness, and credibility. In a space where trust and timing are everything, consistent uptime is not optional—it’s foundational.
That’s why forward-thinking firms are shifting their focus to IT resilience: a proactive strategy that ensures business continuity, protects data, and keeps services running even when technology falters.
Case Study: When Minutes Turned Into Thousands
Let us share a quick story to bring home the level of impact an IT outage can have on your business. Last quarter, a Denver-based wealth advisory firm experienced a full-day outage during peak client reporting season. A failed firmware update on their firewall triggered a cascade of failures. Their internal IT support couldn’t recover the systems fast enough, and client communications stalled.
The fallout?
• Delayed reporting for dozens of high-net-worth clients
• $33,000 in emergency IT response and client retention costs
• A reputational hit that affected three potential client deals
• Team morale and productivity took weeks to rebound
It wasn’t just the actual outage that impacted this organization—it was the recovery, the distraction, and the business opportunities lost.
What an Outage Actually Looks Like
• Internal communication grinds to a halt—no email, no CRM, no internal chat
• Files become inaccessible—advisors can’t pull up needed documentation
• Phone systems fail—calls are missed or dropped
• Scramble mode kicks in—staff shift focus from core tasks to damage control
• Tension rises—leadership juggles vendors, legal concerns, and client reassurance
By the time systems are restored, the firm isn’t just catching up—it’s cleaning up.
QUOTE: When asked about best practices for staying protected from IT outages, David Lewien of Go West It commented, Essential planning focuses not only on how to resume services but how to manage communications internally and with clients when key systems are down. Ask, how do we communicate internally or with clients if we don’t have access to email, Teams chat, or phones? Planning for alternative communication paths, such a private messaging apps for internal communications and pre-planned methods to send client communications from hosted CRM systems or via websites, are common approaches.”
The Turnaround: Partnering with Go West IT
After the incident, the advisory firm brought in Go West IT as its managed services partner to assess and rebuild its IT strategy. Go West IT got to work and implemented a resilience-first approach designed to keep downtime from spiraling into disaster:
• Risk-based firmware update planning with approved maintenance windows
• Business continuity and disaster recovery planning tailored to preserve communication options
• Layered cybersecurity controls to minimize single points of failure
• 24/7 monitoring to catch early signs of failure
• Cloud-based backups for critical data availability
• Quarterly system health checks and testing routines
Today, their team runs confidently knowing they’re supported by proactive infrastructure and a partner that’s always thinking ahead.
Downtime Costs More Than You Think
A momentary outage can ripple into:
• Loss of trust from clients expecting real-time visibility and uptime
• Regulatory concerns if communications or financial data are delayed
• Operational disruption as teams scramble to recover and regroup
• Business development setbacks occur when attention is pulled away from growth
IT Resilience Isn’t Luck—It’s a Plan
IT security should always be in a proactive mode to reduce the need to be reactive. Here’s how financial firms, accounting professionals, and attorney practices are preparing:
1. Mapping critical vulnerabilities across systems and workflows
2. Building redundancy and cloud-based failovers
3. Automating maintenance, especially for firmware and patching
4. Defining downtime protocols so no one scrambles in a crisis
5. Partnering with experts like Go West IT to monitor and guide the entire strategy
Don’t Wait for the Next Outage
Downtime is inevitable. Disruption doesn’t have to be. Go West IT gives financial firms, accountants, and lawyers, along with other businesses, the foundation to bounce back and bounce forward. Because real resilience is proactive, not reactive.