New Relic is categorized under the 'Software' expense category, specifically in the 'Application Performance Monitoring and Management Software' subcategory.
Role of the Expense in Business
New Relic offers application performance monitoring solutions, widely used by businesses and IT teams for real-time monitoring and optimization of software applications.
A tech company using New Relic for monitoring and optimizing the performance of its web applications would categorize these expenses under 'Application Performance Monitoring and Management Software'.
For smaller projects or businesses using New Relic for basic performance monitoring, it might be categorized under 'General IT Management Tools'.
New Relic's specialization in application performance monitoring and management places it within the 'Software' expense category, particularly for monitoring and optimizing software applications.