For a lot of companies in difficulty, the money to ease the pressure is already owed to them. It is just sitting in customers' accounts as unpaid invoices. Sharpening your credit control can release that cash faster than almost any cost cut, and it costs nothing to do well.
Practical steps that work
- Invoice immediately on delivery, not at the end of the month, with clear payment terms.
- Confirm the invoice was received and is approved, so nothing stalls quietly.
- Have a fixed chasing routine: a reminder before the due date, then prompt follow-ups after.
- Make it easy to pay, with clear bank details and simple payment methods.
- For larger jobs, consider deposits or staged payments so you are not funding the whole project.
Stay firm but professional
Chasing is not rude; it is the other side of doing the work. Be consistent and polite, keep a record of every contact, and escalate calmly if a customer persistently ignores agreed terms. A reputation for chasing reliably tends to move you up customers' payment queues.
If a Credicorp Flex or Credicorp Slice repayment is tight while you wait on a known, reliable receipt, contact us. Bridging a short, predictable gap is exactly the kind of situation where talking to us early can help.
See also: What to do if you can't make a payment, How do I spot the early warning signs of cashflow trouble?, How do we avoid making difficulty worse with quick-fix borrowing?.