Slice turns a single business bill into a short series of instalments. Rather than paying the whole amount on one date, your company repays Credicorp in steps over a few weeks, while your supplier is paid in full straight away.
The schedule is fixed up front
Before you accept, your offer sets out how many instalments you will pay, the date each one falls due, and the amount of each one. There are no surprises later — the schedule you see is the schedule you sign.
How collection happens
- Each instalment is taken by Direct Debit from your business bank account
- Collection dates are chosen to suit your cash flow where possible
- You can see the full schedule any time in your account
What the instalments cover
Each instalment includes a portion of the amount we advanced plus the cost of the credit as set out in your offer. The total cost is shown before you commit, so you always know what you are agreeing to repay overall.
Keeping the agreed dates funded is the single most important thing — it keeps your record clean and avoids any missed-instalment charge described in your agreement. For a fuller overview of how the product spreads a single supplier bill, see Credicorp Slice.
See also: How many instalments does Slice spread a bill over?, Building a thirteen-week cashflow forecast and Can my company make a partial payment if it cannot pay in full?.