A Service Level Agreement (SLA) is a contract that specifies the level of service expected from a service provider. It sets expectations and provides a framework for service delivery.

Definition

A Service Level Agreement (SLA) is a contract between a service provider and its customers that specifies the level of service expected from the service provider. SLAs are output-based in that their purpose is specifically to define what the customer will receive.

Usage and Context

SLAs are a common part of many business contracts. These agreements can exist between businesses (B2B - Business to Business) or between a business and its customers (B2C - Business to Customer). They can cover a broad range of aspects, from the quality and availability of the services to the responsibilities of each party.

FAQ

1. What is the purpose of an SLA? The main purpose of an SLA is to set expectations for service between the service provider and the customer and to provide a clear framework for the delivery of services. 2. What is typically included in an SLA? An SLA typically includes: the services provided, performance measurement, problem management, customer duties, warranties, disaster recovery, and termination of agreement.

Related Software

SLA monitoring software helps ensure that all the conditions of an SLA are being met. Examples include ManageEngine OpManager, SolarWinds Network Performance Monitor, and Zabbix.

Benefits

Some of the benefits of having an SLA include: clear communication, defined roles and responsibilities, and a set of agreed upon and measurable criteria.

Conclusion

In conclusion, an SLA is an important part of any business contract. It ensures that both parties have the same understanding about services, priorities, responsibilities and guarantees.

Related Terms

B2B (Business to Business)

B2B or Business to Business refers to transactions and communications between businesses, such as between a supplier and a retailer.

B2B SaaS (Business to Business Software as a Service)

B2B SaaS is a model where software companies provide applications to businesses over the internet, offering scalability, cost-effectiveness, and flexibility.

B2C (Business to Consumer)

B2C, or Business to Consumer, is a business model where businesses sell products or services directly to individual consumers.

B2C Marketing

B2C Marketing refers to strategies used by companies to promote their products and services to individual consumers. It involves various advertising efforts to drive consumers to products and convert them into customers.

ESP (Email Service Provider)

ESP stands for Email Service Provider, a company that offers email services. It is primarily used by businesses for email marketing.

Email Service Provider (ESP)

An Email Service Provider (ESP) is a company that offers services for sending out email campaigns. It's a crucial tool for email marketing.
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  • epayco
  • appinstitute
  • paymo
  • tedx
  • tweethunter
  • njlitics
  • paykickstart
  • startupgeeks
  • nibol