Vasco, an innovative player in energy renovation, secures and manages its payments using CashSentinel MyPortal
Context & Objectives
VASCO has created an innovative financing model to make energy renovations accessible and simple for all homeowners.
Vasco looked for a solution ensuring that their financing is actually used for the work contractually agreed upon, and providing transparency and fluidity in the financial flows between the project stakeholders:
Holding the financing amount in a dedicated escrow account whose beneficiary is the homeowner.
A mechanism for orchestrating, validating, and releasing payments to contractors based on the progress of the renovation work.
Services provided
→ On-the-fly setup and administration of individual escrow accounts.
→ A specific front-end for Vasco agents and homeowners, allowing collaborative tracking of the work progress and associated payments.
→ Digital validation of quotes and agreements with contractors, incl. amendments/ addendums for modified work requirements.
→ Rules for validating/releasing payments based on contractual deadlines and execution of payouts.
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