Vendor failure is not a rare risk. It’s a reality that can derail operations overnight. For organizations that rely on business-critical software and SaaS applications, a vendor’s bankruptcy or collapse can lead to downtime, financial loss, compliance failures, and reputational harm.
Our latest whitepaper, Mitigating Risks of Disruption to Business-Critical Software and SaaS Applications Through Vendor Failure, explains why software and SaaS escrow agreements are essential to any Third-Party Risk Management (TPRM) program.
In this paper, you’ll learn:
Why traditional escrow can’t keep up with modern agile development.
How PRAXIS safeguards continuity through Automated Escrow™, Infinite Retention™, and Technical Verification.
Real-world examples where escrow protected enterprises during vendor bankruptcy.
Best practices for TPRM professionals building resilience into vendor contracts.
Escrow is no longer just a checkbox, it’s a strategic safeguard against vendor risk.