SaaS Escrow Services
SaaS services provide companies with increased efficiency and flexibility often at reduced costs.
Along with the benefits of SaaS applications come increased risks. In most situations, the SaaS vendor maintains control and storage of your data.
The most efficient way to protect your company is to implement a SaaS Escrow solution.
Escrow London prides itself on providing a range of cost effective, innovative and bespoke solutions depending on individual client requirements. We have a pragmatic approach and the ability and experience to think ‘outside the box’ when it comes to SaaS business continuity solutions.
Learn more about our SaaS Escrow solutions for SaaS applications hosted on:
What is the impact if your SaaS vendor ceases operation?
Do you currently have access to your data?
How would you be able to continue working if they are no longer available?
These are critical questions that must be considered when implementing a SaaS solution in any business.
The Escrow London SaaS Escrow service was developed to protect clients of cloud-based / hosted applications. The SaaS escrow agreement provides a simple and cost-effective way to ensure that the source code, application/s, VM / runtime and physical data is protected in the event of a failure of your cloud service / SaaS vendor.
To learn more about SaaS Escrow Solutions for applications hosted on a Private Cloud click here.
To learn more about SaaS Escrow Solutions for applications hosted on a Public Cloud (AWS / Azure / Google Cloud) click here.
SaaS Financial Alerts
One of the first indications of financial issues within a business is the failure to keep up with supplier payments.
Escrow London provides a financial monitoring service that will provide the beneficiary with a pre-emptive alert if there appears to be any payment irregularities with their SaaS vendor.
How this works
On a regular basis, your SaaS vendor will be paying subscription and hosting fees for critical third-party services. Under the SaaS Financial Alerts service, Escrow London will monitor those payments both automatically and manually to ensure that all payments are made on time to the registered suppliers. Should a Financial Event of Default be invoked by the beneficiary as specified in the SaaS Escrow Agreement, Escrow London will have the authorisation and rights to pay the vendor invoice(s) on behalf of the beneficiary. This process will ensure a short term ‘lights on’ solution until business continuity or disaster recovery decisions are made.
As part of the SaaS Escrow service, Escrow London will assist in determining the best approach for business continuity depending on the complexity of the SaaS vendors application/s and environment/s.
Under the Escrow London approach, this may include:
- Activation of the dormant virtual environment hosted by Escrow London.
- Deployment of the latest database from the Escrow London repository to the hosted application.
- Transfer of the database to a new SaaS vendor.
- Rebuild of the source code from the most recent deposit (this can be as recent as the day of the financial default if the automated Git deposit service is used). This may then be used to recreate a local environment to deploy the application and database.