Credicorp Slice comparison: Trade Credit

Trade credit is useful only when the company can meet the terms it accepts. The decision is easier when the company writes down the invoice, the date and the repayment source.

Credicorp Slice belongs in the comparison when trade credit has become one supplier, adviser or service invoice that can sensibly be split. A clean use case has a specific cost, a specific business purpose and a specific repayment source.

Do not turn every supplier into a lender. Compare the cost of credit, late payment and a formal facility. The sources below show the rule, product page or public register behind the point.

For Credicorp Slice, start with the supplier invoice. If there is no defined bill to spread, it is probably the wrong route.

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Sources checked

• Credicorp Slice product page Credicorp
• Late commercial payments: charging interest and debt recovery GOV.UK
• Small Business Commissioner interest calculator Office of the Small Business Commissioner
• Business finance guidance British Business Bank

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Published by CM Beyer Limited for the Credit Corp group. Company and mark facts in this item can be checked at Companies House and the UK IPO; the directory keeps the links on the legal & compliance page.