Credit Where Due
Before paying for a fix, deduct what would have happened anyway.
The job
Works out how much of a claimed improvement a team, contractor or vendor actually earned, with evidence both sides accept and sign, and claws the money back if the gain fades.
The moment
A contractor claims a 40% drop, to unlock the money held back from its payment. The app answers with a credit note that strikes the claim through.
It then deducts line by line. Comparison districts fell too because the rains ended, taking 40% down to 20%. Eight points had just moved to another category, leaving 12%, and a change in mix leaves 11%.
The net credit is 11%, within a range of 6 to 15%. "Net payable: 30% of retention" is stamped in red, with an invoice already dated for day 90 underneath, in case the gain fades.
The contractor signs, because the evidence is on screen.
What it does
- File a claim and lock controls
- Record the credit note
- Send the note for two-person approval
- Queue the release or clawback with finance
- Open a deduction's tickets
What you see
A credit note: the claim struck through, itemised deductions, net payable stamped, and a pre-dated day-90 clawback invoice
What it moves
Dollars of held-back payment, bonus or shared gains paid for each point of verified net improvement, and the share of payouts backed by a signed credit note.
Built for
- Finance
- Partners & ecosystem
