Moving to a new electronic health record (EHR), patient-management or case-management platform is one of the larger pieces of software spend a professional practice will take on. A dental, veterinary, clinic or legal practice rarely pays for it month by month: the supplier typically wants an annual licence up front, plus a separate implementation fee for configuration, data migration from the old system, and staff training. That whole cost can land in a single billing cycle, on top of the equipment and premises costs the practice already carries. A Credicorp facility lets a UK limited company or LLP carry out the rollout now and spread the cost over an agreed term.
What a rollout actually costs
The licence fee is usually only part of it. When you size the funding, account for the full project rather than the headline subscription:
- The annual or upfront platform licence for every seat or surgery.
- Implementation — configuration, integrations with imaging or accounting tools, and migrating records off the legacy system.
- Data migration and validation, which is often the most underestimated line.
- Training, and the reduced-capacity period while the team learns the new workflow.
Match the term to the benefit
The case for borrowing is strongest when the new system earns its place — faster patient or matter throughput, fewer errors, less manual admin, or recall and billing that no longer leak revenue. Estimate that benefit and weigh it against the cost of the funding at the rate shown in your offer, then aim to align the repayment term with how quickly the efficiency is expected to show up. Because a practice-management platform is meant to serve the business for years, a structured repayment over a defined term usually fits a one-off rollout well.
Paying the software supplier
If the vendor issues a single invoice for the licence and implementation, Credicorp Slice can settle that supplier in full and let you repay over a short, fixed schedule. For broader or phased technology spend across the year, see funding software, licences and subscription tools, which covers the wider picture of licence and platform costs. Credicorp Slice suits a single upfront rollout; Credicorp Flex suits investment spread over time.
How we lend
Credicorp lends only to UK limited companies and LLPs for business purposes, including practices in regulated professions. We look at the company's affordability and prospects, not at any individual clinician's, vet's or solicitor's personal finances — the same approach described for dental practices and veterinary practices. The loan is to the company or LLP, and we do not take personal guarantees from directors or partners. Where the platform handles patient records or client data, that data stays under your own regulatory obligations and is never part of our security.
As an exempt business lender, Credicorp sits outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS protection do not apply to this facility. Your rate and term are those shown in your offer.
See also: Can business finance help bridge a short-term cashflow gap?, Bridging a late CIS or VAT refund, Bridging an R&D tax credit claim.