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Problem
Bond International manages a significant number of Multi Licensee Escrow Agreements across various businesses within the group. Over time, this became increasingly difficult to administer and control, particularly as their existing Escrow provider implemented an 8% price increase. Seeking a more efficient and cost‑effective approach, Bond International approached SES to propose an alternative solution.
Solution
SES implemented a Master Framework Escrow Agreement, supported by individual sub‑agreements for each business within the Bond Group. All customers were transferred using the FTO (Free Transfer Offer) non‑signature process, and SES also reviewed and updated all historical deposits to ensure everything was current, accurate, and properly managed going forward.
Outcome
A single Managed Agreement covered all customers. This combined with accurate account management, a streamlined deposit process, fixed pricing, and reduced invoicing, spend, and administration went on to deliver a 60% reduction for Bond across all areas of their Escrow account.
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