Getting a truly holistic view can help you avoid unnecessary maintenance and reduce associated costs. When combining your CMMS functionality within anIntegrated Workplace Management System (IWMS), you can integrate your maintenance strategy with your real estate strategy, space occupancy initiatives, user...
A cloud service provider, or CSP, is a company that offers components of cloud computing -- typically in an as-a-service model like infrastructure as a service (IaaS), software as a service (SaaS), platform as a service (PaaS) or function as a service (FaaS). Cloud services can provid...
What is an MSP or a Managed Services Provider? A Managed Services Provider (MSP) is your strategic partner in managing and optimizing IT operations. Think of them as an extension of your team, stepping in to handle the heavy lifting of monitoring, maintaining, and securing your IT systems—...
According to the definition of theInternational Council on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for Human Use (ICH), a CRO is: “A person or an organization (commercial, academic or other) contracted by the sponsor to perform one or more of a sponsor’s tri...
1.A Professional Employer Organization (PEO) is a third-party HR provider that acts as the professional co-employer for the workforce of a client company. 2.In a PEO solution, the PEO takes over compliance, tax and payroll responsibilities. However, the workers still operate at the direction...
What is a client profile? What is a contracted worker? Define customer orientation What is a traveler's check? What is the difference between customer and consumer? What is hospitality? What is a leased employee? What is a customer deposit reconciliation?
What Should Be Included in a Service Level Agreement? When you’re writing a service level agreement, there are various necessary components in order for it to cover all the bases and provide the client with what they need, while making sure the service provider is protected from going beyond...
Usage (or consumption) pricing: A price is based on usage. For example, an internet provider might offer 2GB of data for $10/month and 5GB for $15/month. Contracted pricing: This is a pre-negotiated price per license. This pricing model is important for self-service because it doesn't...
What Is a Surety Bond Used For?A surety bond protects government entities and the general public from financial loss and other damages. If the bond’s requirements aren’t met — such as not performing contracted work or failing to pay suppliers, vendors, or subcontractors — a claim might ...
What is the definition of special purpose vehicle?SPV is a subsidiary company with the purpose of facilitating the parent company’s financial arrangements, including leverage and speculative investments, without compromising the entire group. That said. If the SPV goes bankrupt, the mother company is...