"Essentially Bond was looking to centralise our Escrow provision to reduce cost and administration. SES understood our requirements and introduced a process that delivered an average 60% saving on cost and administration. Other benefits include a pro-active level of communication, new deposits of code, as well as offering secure, hassle-free and reliable online source code deposits. SES take active control over the individual products and accounts so we don’t need to. Overall, a trouble-free, reliable service has been provided by SES."
Bond International operates a large number of Multi Licensee Escrow Agreements across different businesses within the group. This proved difficult to manage, administer and maintain costs at a certain level due to the current Escrow provider increasing the prices by 8%. SES was contacted and asked to pitch a solution.
SES set-up a Master Framework Escrow Agreement with sub Escrow Agreements for each business within the Bond Group. SES transferred all customers using the FTO (Free Transfer Offer), non-signature process and cleaned up all previous deposits to ensure everything was up to date and managed accurately in the future.
One Managed Agreement covering all customers, accurate account management, depositing process, fixed pricing, reduced invoicing, spend and administration give Bond a reduction of 60% in all areas of the Escrow account.
In 2017 following Symphony Technology Group’s acquisition of Erecruit, they merged with Bond International Software and TempBuddy. Together today as one company, Erecruit, they are collectively shaping the industry’s future by delivering innovative software that serves the entire recruitment lifecycle.