The majority of organisations rely on licenced business critical applications every day.
CRM Systems, Payroll Software, and Stock Management Systems are all examples of business critical applications we use on a daily basis, but what would the impact be to your business if you were unable to access these crucial applications?
In the event you were unable to access your CRM System, how would you access vital customer information and drive business?
If it was Payroll Software you were unable to access, how would you ensure your employees got paid on time and correctly? Not to mention how would you calculate pension contributions, national insurance etc?
How about your stock management system? What would the impact be to your business if you were unable to accurately check stock levels and fulfil customer orders?
Thankfully a Software Escrow agreement from SES can protect your business critical applications.
Escrow provides the mechanism for End Users to legally use their critical applications, in the event that their supplier is no longer able to fulfil their obligations under the licence.
In the event of vendor failure, a copy of your application’s source code can be released to you, allowing you to continue to develop and maintain your application, and minimising the impact to your day to day operation.
Not only does Escrow protect you from software vendor failure but common release stipulations also include material breach of the licence and transfer of IP.
Make Escrow part of your contingency plan for business critical applications. If you would like to find out more about protecting your critical applications with an Escrow agreement, please get in touch and one of our specialists will get back to you within one business day.
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