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By: Serge Janssen Daalen, 26 July 2023
As an IT expert with over 18 years of experience, I understand how important it is for companies to invest in robust ERP Cloud solutions for their business operations. These systems are critical to a company’s success and it is vital that the systems are always available.
How do we guarantee the continuity of these systems even in the event of unforeseen circumstances?
SaaS Escrow
My advice to all my clients is to seriously consider an additional guarantee arrangement like SaaS Escrow. Saas Escrow is a guarantee agreement, a form of security, that you enter into with a third party.
The Saas Escrow insurer stores, among other things, the source code, the program and the data of the cloud software securely in a ‘secure vault’. SaaS Escrow ensures that your system is and always remains available, no matter what happens to your Software provider. With SaaS Escrow, the continuity of the SaaS service is paramount.
Avoid continuity issues
With IT Escrow Insurance, you prevent your business from facing continuity problems if the provider of your Cloud Software encounters financial or other problems and can no longer provide services or support the software. Because the source code and data of the program are stored securely with the Escrow Insurer.
About Foundation Spire IT Escrow Insurance Services
Our partner, Spire IT Escrow Insurance Services Foundation (SSIES), is specialised in offering individual SaaS Escrow agreements tailored to the specific needs of our clients.
As a client, you enter into an agreement with Spire IT Escrow Insurance Services Foundation (SSIES), the ‘trusted third party’, i.e. the trusted independent third party, which performs the role of IT Escrow Insurance agent for clients of Spire Solutions.
With the use of this service, our customers can be sure that their business-critical data and software are always protected and we can provide our customers with a reliable service as well as certainty.
If you would like to know more about Spire IT Escrow Insurance Services Foundation or Spire Solutions please contact us without obligation or visit Spire Escrow or SpireSolutions – Digital Transformation Made Easy.