IT Costs
has the meaning given to it in clause. IT Services Agreement means the services
agreement to be entered into between Universal or its Affiliates and the Company with respect to
the information technology support services to be provided to the Company.
Inventory Promissory
Note has the meaning given to it in clause.
IT cost transparency is a category of
information technology management
software and
systems that
enables enterprise IT organizations to model and track the total cost to deliver and maintain the
IT
Services
they provide to the business. It is increasingly a task of
management accounting
. IT cost
transparency solutions can integrate financial information such as labor costs, software licensing costs,
hardware acquisition and depreciation, data center facilities charges from
general ledger
systems and
combine this with operational data from ticketing, monitoring, asset management and
project portfolio
management
systems to provide a single, integrated view of IT
costs by service, department, GL line item
and project. In addition to tracking cost elements, IT cost transparency may track utilization, usage and
operational performance metrics in order to provide a measure of value or
return on investment
(ROI).
Costs, budgets, performance metrics and changes to data points are tracked over time to identify trends and
the impact of changes to underlying cost drivers in order to help managers address the key drivers in
escalating IT costs and improve planning.
