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How Crednce works

CREDNCE IN ACTION

Different deals.
The same need for clarity.

Full funding first. Releases after completed milestones. Explore a short scenario, then follow the full story.

Six illustrative examples. Not customer testimonials or a guarantee of service availability.

LONDON → ACCRAEXAMPLE
LondonAccra.
ILLUSTRATIVE SCENARIOCrednce in action

Construction & renovation

Build Back Home

Your project is in Accra. You are in London. Stay connected to the work.

Explore this scenario

Ama funds and locks the full US$50,000 renovation before the contractor starts. They agree the scope and evidence for every milestone. Completed, approved work earns releases; an agreed scope increase must be funded before the added work begins.

  1. Agree the full renovation scope
  2. Fund and lock the whole deal
  3. Complete and review milestones
  4. Release approved allocations

Illustrative scenario. Full funding precedes execution; it is not an immediate payment to the contractor.

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BUDGET → ORDER → DELIVERYEXAMPLE
500bags ordered
480recorded on arrival
20 bags.Still to account for.
ILLUSTRATIVE SCENARIOCrednce in action

Procurement

Materials, Accounted For

You approved the materials budget. Now connect the order, the payment and what arrived.

Explore this scenario

The client funds the full agreed deal, including materials, before Nana orders 500 bags of cement. Only 480 arrive. The 20-bag shortage keeps the affected delivery allocation pending completion or an approved resolution—not automatically paid.

  1. Fund the full service-and-materials deal
  2. Reserve the purchase-order allocation
  3. Review delivery against the milestone
  4. Release after completion or resolution

A purchase order is not an automatic payout. Completed milestones and approved resolutions govern releases.

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EXPORTER ↔ OVERSEAS BUYEREXAMPLE
ORDER VALUEUS$250k
100%funded first
By stagereleased on completion
ILLUSTRATIVE SCENARIOCrednce in action

Coffee exports

The Coffee Trust Gap

A US$250,000 order. Fully funded first. Released by milestone.

Explore this scenario

The exporter should not ship against an unfunded balance. The buyer locks the full US$250,000 before work begins, and payments are released as processing, pre-shipment and arrival milestones are completed and approved.

  1. Agree specifications and release milestones
  2. Fund and lock the full US$250,000
  3. Complete milestones and review evidence
  4. Release from the existing locked balance

Full funding is required. The 40% deposit / 60% later arrangement is the problem Crednce replaces, not a supported option.

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SUPPLIER → INSPECTION → ARRIVALEXAMPLE
10machines ordered
1specification mismatch
Before it ships.Check what was agreed.
ILLUSTRATIVE SCENARIOCrednce in action

Imports

Before It Ships

The order looks right. Find out whether the equipment matches it before the next decision.

Explore this scenario

Kojo funds and locks the full order for ten machines before execution. An inspection identifies a specification mismatch on one unit. The affected release stays pending correction and approval; later payments do not rely on fresh deposits.

  1. Agree specifications and milestones
  2. Fund and lock the entire order
  3. Complete inspection and resolve exceptions
  4. Approve releases from the locked funds

Full order funding precedes work. Inspection and arrival requirements still control their respective releases.

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BRIEF → SCOPE → HANDOVEREXAMPLE
A brief.An agreement.
Five pages. One form.An online store? Separate scope.
ILLUSTRATIVE SCENARIOCrednce in action

Professional services

Beyond the Brief

“Build us a website” is a request. Turn it into an agreement both sides can work with.

Explore this scenario

Esi funds and locks the full US$6,000 website project before work begins. Design, build and handover each earn a release after completion and approval. An online store is new scope, so its extra cost is agreed and funded before it starts.

  1. Define scope and acceptance criteria
  2. Fund and lock the full project fee
  3. Approve releases for completed milestones
  4. Fund accepted additions before extra work

Illustrative scope and pricing, not a quotation. Full funding does not mean every milestone is already complete or paid.

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ACCRA → KUMASIEXAMPLE
20cartons dispatched
18recorded as received
Two still outstanding.Not a completed delivery.
ILLUSTRATIVE SCENARIOCrednce in action

Logistics & delivery

The Final Mile

Dispatched is not the same as delivered. Keep the handover connected to what arrived.

Explore this scenario

The sender funds and locks the full delivery-service fee before dispatch. Twenty cartons leave Accra; eighteen are received in Kumasi. The delivery allocation stays pending until the shortage is resolved under the agreed process.

  1. Agree and fully fund the delivery
  2. Record the pickup handover
  3. Reconcile receipt and any shortage
  4. Release after completed delivery or resolution

The full service fee is funded before dispatch. A discrepancy does not itself establish liability or authorize a payout.

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YOUR DEAL NEEDS ITS OWN DETAILS

Recognize the situation?
Start with your agreement.

Tell us about the work, the parties and the decisions you need to manage. We’ll discuss the supported arrangement for your deal.

Talk to the team

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