Minerva’s Sales Finance Solution Improves Working Capital

Minerva, a South American beef exporter, strives to improve its management methods to maximize opportunities, while being dedicated to high productivity, quality and food safety. As the company grew globally, it needed to be more efficient, so Minerva found a solution to improve its working capital.

To generate the free cash flow and sustainable, long-term cash returns a high-growth company needs, Minerva maintains strict control of its working capital. Chief Financial Officer at Minerva, Edison Ticle, shared that account receivables are the most critical working capital line, with export accounts driving around 75% of its operations.

The treasury and export teams manually performed tasks like invoice discounting, counterparty limit controlling and additional risk mitigation to manage working capital. This demanded tremendous time and introduced the potential for human errors.

As sales increased in global markets, the need for more effective tools and processes became clear. By improving the receivables line, Minerva knew it could also enhance its working capital, making cash more available and increasing agility, flexibility and accountability.

Minerva needed a solution that combined cash management and receivables discounting to mitigate payment risk for Minerva’s global buyers by facilitating earlier payments.