Common use of IT Financial Management Clause in Contracts

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. 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’s Provider responsibilities include: 1. Facilitate Actively participate in work with the MSI to develop and lead in the development and documentation of processes and procedures with Service Provider and other Service Component Provider(s)document processes. 2. Facilitate and lead Actively cooperate in information exchange between and among the Service Provider and Provider, the MSI, other DCS 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 Facilitate the transparency of IT Financial Management through appropriate processes provides an to provide a complete audit trail that meets for the MSI to meet the legislative and policy requirements to which DIR and DIR Customer must comply. 4. Integrate Service Provider’s Provider IT Financial Management process with the MSI’s IT Financial Management processes of DIR and other Service Component Provider(s)process, as well as authorized Third Party Vendor(s)’ IT Financial Management processes, with and where the processes interact. 5. Integrate Service Provider’s Provider IT Financial Management process with the other Service Management service management processes, including especially Service Level Management, Capacity Management, and Configuration Management, as well as areas of governance as described in Exhibit 6. 6. Coordinate Actively support the MSI to assure the proper application of IT Financial Management activities across all functions, other Service Component Provider(s), DIR Customer Sites, regions, functions and Third Party Vendor(s) organizations that provide services to DIR Customers. 7. Conduct Actively participate in 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 Provider own organization, other and as appropriate to DCS Service Component Provider(s), DIR, DIR Customers, and designated Third Party Vendor(s)Providers associated with Services. 9. Facilitate and lead Actively participate in the definition and documentation of defining IT Financial Management Policies and procedures, as approved by DIR, which set the objectives, scope and principles principals that will ensure the success of the IT Financial Management process, as approved by DIRprocesses. 9.1. Routinely verify the Provide effective compliance and agreed mechanisms for properly complying with the IT Financial Management Policies policies and procedures by Service Provider, other Service Component Provider(s), and designated Third Party Vendorsprocedures.