Third-party risk management is the strategic process of identifying, analyzing, and controlling risks that arise from your organization’s relationships with vendors, suppliers, and external partners. Companies increasingly rely on third-party software and services, making effective risk management crucial for long-term success.
When critical operations depend on external vendors and their software, businesses need robust protective measures.
At Escode, we transform this challenge into an opportunity. Our software escrow agreements and software escrow verification solutions mitigate vendor risks and protect your business-critical applications while supporting healthy vendor relationships.
We secure your access to source code and vital software components, ensuring business continuity regardless of vendor circumstances. This means you can confidently expand your vendor relationships while maintaining complete control of your mission-critical systems.
“Being proactive and placing security and resilience at the start of any development means that we can confidently explore ideas and push boundaries, safe in the knowledge that we are managing any risk associated with our software supply chain responsibly”.
Andy Ellis
Head of NatWest Ventures
Protect your business from vendor-related disruptions through secure source code access. Software escrow provides a reliable fallback mechanism during vendor evaluations and throughout relationship lifecycles. Throughout the relationship, it serves as a reliable backup plan, protecting your operations from potential vendor disruptions, acquisition changes, or support issues.
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Strong vendor relationships start with clear agreements. Software escrow adds an essential layer of protection to your contracts by defining specific conditions and automatic responses to vendor-related incidents. This includes scenarios like service level breaches, support discontinuation, or vendor business changes.
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Don't let vendor issues interrupt your business. Software escrow plays a vital role in your continuity planning by securing more than just source code. You get access to build instructions, documentation, and everything needed to maintain or transition critical systems. This comprehensive protection ensures your business can recover quickly from any vendor-related disruption.
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Meet industry standards and regulatory requirements with confidence. Software escrow helps demonstrate your commitment to risk management by providing clear evidence of vendor risk controls. Whether you're meeting DORA's operational resilience requirements, PRA SS2/21's outsourcing standards, or ISO27001's security controls, our solution delivers the documentation and assurance regulators expect.
Verify software integrity and security through comprehensive testing. Regular verification ensures your escrowed materials remain complete and functional. Verification services regularly test your escrowed materials to ensure everything's complete and usable
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Keep your critical software safe and accessible. We hold your vendor's source code and documentation in a secure vault, releasing it only when you need it. Learn more.
Feel prepared knowing your escrowed materials can be utilised. Regular testing ensures everything's complete and ready for use. Learn more.
Spot security problems early. We scan source code for vulnerabilities before they can hurt your business. Learn more.
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Book a call to learn how Software Escrow supports Third Party Risk Management.
