Strengthen business continuity plans with software escrow

Strengthen your approach to compliance with software escrow from the market leaders. Speak to our team about how we've been helping organisations like yours become more resilient, in particular with the following:

Business Continuity Planning

• Software escrow ensures uninterrupted operations by granting access to essential software and data if a vendor fails. For example, if a software provider of your critical applications goes out of business or ceases support, the escrowed source code allows financial institutions to continue using and maintaining the software without disruption.

Operational Risk Management

• A well-structured operational risk management strategy must include contingency plans for vendor-related risks. Software escrow provides a safeguard by ensuring that companies like yours can maintain critical software availability and compliance with regulatory standards.

Third-Party Risk Management

• Many organisations rely on external vendors for software solutions, which introduces potential risk. Software escrow mitigates these risks by ensuring that source code and other critical software components remain accessible if the vendor is unable to fulfil contractual obligations. This approach strengthens overall risk management and regulatory compliance efforts.
  
  

Book a meeting with a local expert at Escode to talk about your options for strengthening your business resilience.

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