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...
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This section is a contractually binding agreement between the service provider and client that ensures that the agreed-upon services are performed and paid for at the agreed price. This is a figure that’s been agreed upon by both parties and verifies the legal rights and obligations of the pa...
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—...
SIPP stands for self-invested personal pension, which is a type of pension that gives you greater control over your pension investments. Learn more about SIPPs here.
Recruitment.A conventional CIO is typically recruited through traditional hiring channels. A vCIO is contracted through a third-party provider, such as an MSP or IT consulting firm. In addition,resellersor solution providers may informally market themselves as virtual CIOs to their small-business custo...
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...
Linking CMMS data with business intelligence-driven dashboards allow users to monitor and evaluate internal technician and service provider performance, ensuring they meet contracted service level agreements (SLAs), asset availability requirements, and service quality standards. CMMS dashboards give maintena...
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...