All organisations are dependent upon 3rd party developed applications to operate effectively. However, many businesses fail to recognise the significance of an effective Disaster Recovery and Business Continuity plan to ensure the smooth continuation of your business in the event you are unable to access certain critical applications.
Have you considered or discussed the following points within your organisation?
Is the investment(s) you have made into 3rd party software applications protected in any way?
Protecting your 3rd party software investments is essential, especially if the software application is of a critical nature, high value, highly customised, or is a revenue generating application.
If a supplier was no longer available to continue with development and support of the application what would the consequences of this be to your business and do you have any plans in place to mitigate this?
In the event that the developer of your applications is unable to continue with development and support, the costs involved with procuring a new application could be very high.
It is also important to consider the potential revenue loss as a result of being unable to access your applications and perform business functions until the new system is in place as this can be devastating and have a lasting impact on your customer experience, employee relations and overall brand.
Having effective disaster recovery plans in place can help mitigate these situations and protect against the ‘what if’ scenarios.
Has your company considered Escrow as a solution?
Escrow provides the mechanism for end users of critical software applications to legally access source code and supporting material in the event that their third party software owner is no longer available to continue with development or support.
Have you ever spoken to SES about what protection can be put in place to protect your application?
If not, why not give us a call? We listen to your individual requirements to create a bespoke Escrow agreement to protect your critical applications.
We are also one of only two Escrow agents in the UK to hold the Information Security Management certification ISO 27001, and our Escrow agreements are on average 30% more cost effective than our equally accredited competitors.
Plus, if you already have an Escrow agreement in place with one of our competitors, but are not completely satisfied with the service you are receiving, we can transfer you Escrow protection over to SES, free of charge.
For more information about Escrow and to discuss how setting up a bespoke Escrow agreement can protect your organisation and mitigate the risks of using 3rd party developed applications, please get in touch and one of our specialists will get back to you within one business day.
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