Research ETRM / CTRM in the Cloud | Page 20

CTRM in the Cloud Special attention should be paid to the service level agreement. According to a Gartner report14, many people in IT procurement are unhappy with service level agreement contract language, and specifically as it relates to data security. The report finds that “contractually, very little security language appears in the body of SaaS contracts,” and that “they (SaaS vendors) accept little or no financial responsibility for fulfillment of these vague commitments....” Negotiating service level agreements as opposed to licensing and support and maintenance agreements is likely an area where a company procuring a cloud-based CTRM product should obtain some experienced and qualified outside advice. Despite the issues and concerns previously discussed, SaaS and hosted-in-the-cloud delivery models will continue to grow for CTRM and rightly so, as they do offer a number of substantial benefits. The decision to acquire any enterprise software should, of course, be made only after a structured acquisition process, including a through case-by-case vetting of the pros and cons of the various deployment methods. From that point forward, it’s about project and contractual risks just like with any other implementation project - requiring due care and attention to the planning and risk mitigation areas. When SaaS Is Not SaaS The re