ASP Escrow & Banking Data Escrow

ASP Escrow

ASP is in strong demand. More and more companies make use of application service providers . Inherent to this development, the reliance on the supplier increases. With a specific escrow arrangement, the risks can be considerably reduced.

With ASP, applications such as CRM or payroll software are used from a distance. This has a number of important advantages on issues such as user friendliness, maintenance and installation. Another consequence is that important data - such as customer data or salary administration - are stored on the servers of the ASP supplier. If the application fail and the data is no longer accessible, it will have extensive economical and organisational consequences for the user.

Every ASP Escrow is a custom-made escrow arrangement combining Software Escrow, Data Escrow and full documentation of ICT-infrastructure and alternative configurations


Data Escrow

Data Escrow originates from backup processes. A backup is used in case the regular data is no longer available. For example in case of fire. Backups are often made with in-house systems, on in-house tapes and stored in in-house vaults. In practice, it appears that in 80% of the cases a backup does not reproduce the desired result. The data is either unreadable or inaccessible.

With the advent of ASP's, Outsourcing and Hosting centres, Data Escrow becomes very relevant. In these situations, user data are stored on third party systems, with third party licenses, within the physical walls of the third party and managed by staff of the third party

Therefore, the owner of the data should protect himself if case suppliers no longer manage to meet their obligations. A Data Escrow can provide the assurance needed. It is also possible to tackle the problem of illegible or unusable backups. Our technical verifications of the data provide security. If data is critical to your business, a Data Escrow is a must.