Case study

Vasco, an innovative player in energy-efficient renovation, secures and manages its payments with CashSentinel MyPortal

Context

Context and objectives

Vasco created an innovative financing model to make energy-efficient renovation accessible and simple for every homeowner.

Vasco was looking for a solution that would guarantee its financing is actually used for the contractually agreed work, while bringing transparency and fluidity to the financial flows between the project's stakeholders:

Holding the financed amount in a dedicated escrow account whose beneficiary is the homeowner
A mechanism to orchestrate, validate and release payments to contractors as the renovation work progresses

Location: France
Solution: CashSentinel MyPortal

Implementation

Services provided

Opening and administering individual escrow accounts on the fly
A dedicated front end for Vasco agents and homeowners, enabling collaborative tracking of the work's progress and the related payments
Digital validation of quotes and agreements with contractors, including amendments for modified work
Payment validation and release rules based on contractual milestones, and execution of the payouts