IT Financial Management Sample Clauses
The IT Financial Management clause outlines the processes and responsibilities for budgeting, tracking, and controlling costs related to information technology within an organization or contract. It typically specifies how IT expenditures are planned, approved, and reported, and may require regular financial reviews or audits of IT spending. This clause ensures that IT resources are used efficiently and that financial accountability is maintained, helping to prevent overspending and support informed decision-making regarding technology investments.
IT Financial Management. Proper IT Financial Management will provide cost-effective stewardship of the IT assets and the financial resources used in providing IT Services. Service Provider must provide IT Financial Management Services as described in Exhibit 4. Service Provider’s responsibilities include:
1. Facilitate and lead in the development and documentation of processes and procedures with Service Provider and other Service Component Provider(s).
2. Facilitate and lead information exchange between and among Service Provider and other Service Component Provider(s), DIR and DIR Customer, and/or Third Party Vendor(s) to improve end-to-end IT Financial Management.
3. Validate that the IT Financial Management processes provides an audit trail that meets the legislative and policy requirements to which DIR and DIR Customer must comply.
4. Integrate Service Provider’s IT Financial Management process with the IT Financial Management processes of DIR and other Service Component Provider(s), as well as authorized Third Party Vendor(s)’ IT Financial Management processes, with and where the processes interact.
5. Integrate Service Provider’s IT Financial Management process with the other Service Management processes, including Service Level Management, Capacity Management, and Configuration Management, as well as areas of governance as described in Exhibit 6.
6. Coordinate IT Financial Management activities across all functions, other Service Component Provider(s), DIR Customer Sites, regions, and Third Party Vendor(s) that provide services to DIR Customers.
7. Conduct regularly scheduled IT Financial Management meetings, included those associated with the requirements for governance as described in Exhibit 6.
7.1. Document and publish IT Financial Management meetings status reports to all relevant stakeholders.
8. Communicate and coordinate the IT Financial Management processes and policies within Service Provider’s own organization, other Service Component Provider(s), DIR, DIR Customers, and designated Third Party Vendor(s).
9. Facilitate and lead in the definition and documentation of IT Financial Management Policies and procedures, as approved by DIR, which set the objectives, scope and principles that will ensure the success of the IT Financial Management process, as approved by DIR.
9.1. Routinely verify the effective compliance with the IT Financial Management Policies and procedures by Service Provider, other Service Component Provider(s), and designated Third Party Vendors.
IT Financial Management. The Contractor shall assist the Government in the evaluation of Financial Management of IT services. The Contractor shall recommend and use models which include cost-effective stewardship of the IT assets and the financial resources used in providing the Integrated Services, enabling the dissemination of information to support critical decisions and activities. It provides quantification, in financial terms, of the value of IT services, the value of the assets underlying the provisioning of those services, and the qualification of operational forecasting to individual customers and the MHS.
IT Financial Management. Service Provider must provide IT Financial Management Services as described in Exhibit 4.
IT Financial Management. Proper IT Financial Management will provide cost-effective stewardship of the IT assets and the financial resources used in providing IT Services. The Service Provider must provide IT Financial Management Services as described in Exhibit 4. Service Provider responsibilities include:
1. Actively participate with the MSI to develop and document processes.
2. Actively cooperate in information exchange between and among the Service Provider, the MSI, other STC Service Provider(s), DIR and STC Customer, and/or Third Party Vendor(s) to improve end-to- end IT Financial Management.
3. Facilitate the transparency of IT Financial Management through appropriate processes to provide a complete audit trail for the MSI to meet the legislative and policy requirements to which DIR and STC Customer must comply.
4. Integrate Service Provider IT Financial Management process with the MSI’s IT Financial Management process, where the processes interact.
5. Integrate Service Provider IT Financial Management process with the other service management processes, especially Service Level Management, Capacity Management, and Configuration Management, as well as areas of governance as described in Exhibit 6.
6. Actively support the MSI to assure the proper application of IT Financial Management across all functions and organizations that provide services to STC Customers.
7. Actively participate in regularly scheduled IT Financial Management meetings, included those associated with the requirements for governance as described in Exhibit 6.
8. Communicate and coordinate the IT Financial Management processes and policies within Service Provider own organization, and as appropriate to STC Service Providers associated with Services.
9. Actively participate in defining IT Financial Management Policies and procedures, as approved by DIR, which the objectives, scope and principals that will ensure the success of the IT Financial Management processes.
9.1. Provide effective and agreed mechanisms for properly complying with the IT Financial Management policies and procedures.
IT Financial Management. The SCP is responsible for timely dispute resolution. MSI will notify SCP with automated alerts prior to SLA ticket breach. MSI will eliminate the weekly dispute status meetings, and will not provide SLA breach reminders via Email or phone for invoice disputes. For ticket breaches, MSI exceptions will be approved without MSI providing SLA breach reminders via Email or phone to SCP.
IT Financial Management. Contractor shall provide third party vendor invoices to the Executive Director within 30 days of incurring the cost.
IT Financial Management. Proper IT Financial Management will provide cost-effective stewardship of the IT assets and the financial resources used in providing IT Services. Supplier must provide IT Financial Management Services as described in Exhibit 4 (Pricing).