It has become the norm for businesses to license a number of different business critical applications and to protect their use of these systems with Escrow. With the traditional Escrow model each applications is protected under its own agreement – even if business’ risk mitigation priorities apply to all applications.
Repeating this process for all applications is heavy on administration, unnecessary and can be expensive with an Implementation Fee payable for each agreement as demonstrated below:
Competitor Example – Licensee uses three different software applications from three separate providers and three agreements
In the example above, a traditional Escrow model would equate to 3 separate agreements. Each with their own set-up fee and annual cost.
Isn’t there a better way?
SES take a different approach. Whilst Individual/Single Agreements are available for an application or Vendor that needs separate and distinct coverage (e.g. release events specific to a particular software product or scenario), SES offer a Master Agreement to all Software Users looking to protect numerous licensed products. Our Master agreement sets out the protections the business requires and can be used for any software product from any vendor.
By consolidating all of your business critical applications under a single set of terms – it is much easier for you to keep track of your supplier’s commitments, when a release is available, it reduces your administration and eliminates Implementation Fees – cutting your first year Escrow fees in half from the second requirement onwards.
SES Example – Licensee uses three different software applications from three separate providers, and one agreement
If you would like more information on how our Master Escrow Agreements can reduce your costs and administration whilst delivering the same high level of assurance, please use the form below to get in touch and one of our specialists will get back to you within one business day.
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