provision

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provision

A term which, as used in UK medical practice, corresponds to one or more legal conditions/provisos written into a contract or financial arrangement, when a particular type of expense is anticipated but its actual and final cost is uncertain—e.g., clinical negligence liability.

Provisions are included in contracts to comply with the accounting principle of prudence. An estimate of the likely expense is charged to the income and expenditure account—for the Department, to the Operating Cost Statement—as soon as the issue comes to light, even though a cash payout might not occur for many years, if at all. The expense is matched by a balance-sheet provision entry showing the potential liability to the organisation.
References in periodicals archive ?
Much of the burden fell to David Truong, senior systems engineer, who manages change-control needs, such as password resets, mobile device access and user provisioning. Because CashEdge's help desk received 20 to 30 tickets per day for each of its three locations, this equated to roughly three hours per day just handling those requests.
More firms are now using electronic requests (typically email) to notify changes to access rights; in a quarter of large businesses, authorisation of a user request now triggers the automatic set-up of access rights (so-called user provisioning).
Hyperion System 9 BI+ also leverages the Foundation Services layer of Hyperion System 9 that delivers common user provisioning, common alerting, shared meta-data and license management.
healthcare provider organizations on their current and future interest in various identity and access management technologies, including user provisioning, single sign-on, clinical context management and strong authentication.
Typically, two of the biggest areas of compliance problems are user provisioning and change access, says Williams.
Many components work together to provide a cohesive user management infrastructure, including user provisioning, authentication services (user validation), authorization services (ensuring the user has the appropriate privileges to access systems and shared resources based on their individual profiles), directory services, and audit functionality (to enable understanding of user and access policy violations and impact of remediation efforts, ensure separation of duties, and support the respective compliance policies and trust models).
BMC Software Inc is to seed its Control-SA security administration and identity management suite with user provisioning software supplied by Business Layers Inc.
IBM is also working on a User Provisioning offering that sits in front of network resources to manage the way that users gain access to network resources and applications.
The core server APIs can be used to provide value added services such as user provisioning and billing support, data mining and usage analysis functions.
The user provisioning service is the largest revenue-generating service of the cloud IAM market, accounting for nearly 40% of the total market revenue in 2014.
operations such as user provisioning and de-provisioning.
[USPRwire, Wed Apr 17 2013] Avatier Corp., a leader in risk-driven identity management software, suggests the complexities of identity and access management and user provisioning in today's business world require a level of flexibility and functionality that surpass static ITIL service catalogs in its most recent blog, "The Corporate IT Store: NOT Your Father's ITIL Service Catalog." By embracing the IT Store features of self-service and automation, the IT Store is able to deliver application access, new system accounts, service requests and assets to business users in a streamlined, cost-effective fashion.

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