"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 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.
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.
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.
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.