Minerva Foods, a leading South American beef exporter, partnered with J.P. Morgan Payments to enhance its working capital management and improve global sales. The company sought to increase agility, flexibility, and accountability by optimizing its accounts receivable process, particularly in managing export-related transactions that make up 75% of its operations.

Previously, Minerva’s treasury and export teams manually handled invoice discounting and counterparty risk mitigation, leading to inefficiencies and potential errors. To address these challenges, the company implemented a receivables discounting solution with J.P. Morgan Payments, integrating it with their enterprise resource planning (ERP) system. This solution enabled Minerva to discount over 4,000 sales invoices across Latin America, Europe, and Asia within eight months, significantly improving cash flow by reducing receivables maturity from 60 days to just two days.

The improved working capital position helped Minerva prepare for its largest acquisition to date, expected to increase production capacity by nearly 50% by late 2024. Additionally, the paperless nature of the solution reduced the administrative burden on the treasury team, allowing them to focus on strategic initiatives while boosting global sales.

Looking ahead, Minerva plans to expand its receivables discounting program with J.P. Morgan Payments to further strengthen its international distribution and support growth objectives across its South American subsidiaries.

**Source: J.P. Morgan Payments, "Minerva Foods Boosts Global Sales by Improving Working Capital," February 21, 2025.**