{"id":19311,"date":"2022-03-02T09:30:00","date_gmt":"2022-03-02T08:30:00","guid":{"rendered":"https:\/\/novicap.com\/?post_type=case&#038;p=19311"},"modified":"2024-04-10T15:54:23","modified_gmt":"2024-04-10T13:54:23","slug":"case-study-food-sector","status":"publish","type":"case","link":"https:\/\/novicap.com\/en\/case-studies\/case-study-food-sector\/","title":{"rendered":"Case study: Food Sector"},"content":{"rendered":"\n\n  <section class=\"content content--no-padding-top\">\n     <div class=\"module\">\n        <div class=\"block block--t12 block--d9 block--text padding-left-50-t\">\n           <h5 class=\"accent\"><\/h5>\n           <h6><\/h6>\n        <\/div>\n     <\/div>\n     <div class=\"module module--fsbb margin-top-30\">\n        <div class=\"block block--t12 block--d8 padding-left-50-t\">\n           <p>This success story is about a Spanish chain of specialised food shops. From the beginning, the company has based its philosophy on the quality and innovation of its products, its wide range and its proximity to customers. It offers practical and healthy solutions adaptable to everyone&#8217;s needs. Its eagerness to serve has placed the company in a leading position in the sector in Spain. It has a network of more than 250 shops with more than 1,000 employees.<\/p>\n<p>The company&#8217;s origins date back to the 1980s, when its founders developed a novel business idea: self-service food products in different degrees of preservation.<\/p>\n<p>In 2019, the company presents its new business strategy focused on product and assortment innovation, customer orientation, improvement of the shopping experience, multichannel strategy and relaunch of the online channel. This marks the start of a new phase of success.<\/p>\n        <\/div>\n        <div class=\"div block block--t12 block--d6 block--d-pull-1\">\n\n                      <ul class=\"checks checks--lines\">\n\n            \n              <li>The company has specific working capital financing needs and has found an excellent ally in Novicap.<\/li>\n\n            \n              <li>The adoption by our client&#8217;s suppliers is exemplary, all of them are anticipating their invoices with Novicap.<\/li>\n\n            \n              <li>Novicap has become one of its main suppliers of working capital financing.<\/li>\n\n                        <\/ul>\n          \n        <\/div>\n     <\/div>\n  <\/section>\n\n\n\n\n\n  <section class=\"full full--image\">\n     <div class=\"module module--full\">\n        <img decoding=\"async\" src=\"https:\/\/novicap.com\/assets\/uploads\/2022\/02\/sector-alimentacion.png\" alt=\"Sector alimentaci\u00f3n\">\n     <\/div>\n  <\/section>\n\n\n\n\n  <section class=\"content\">\n     <div class=\"module\">\n        <div class=\"block block--t12 block--d14 block--2cols padding-left-50-t ul-custom-style\">\n\n           <h5><b>The financing needs of the client<\/b><\/h5>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The client<\/span><span style=\"font-weight: 400;\"> and many other companies that are currently active in the food sector need working capital. This is a key element because it enables companies to meet its financing and growth needs. A few years ago, the client<\/span><span style=\"font-weight: 400;\"> underwent a very deep restructuring process which had a substantial impact on how the company was financed until then and how it paid its suppliers. Likewise, the company has a seasonal purchasing cycle in certain periods of the year with large purchases from suppliers in order to generate all the necessary stock to satisfy the demand on its stores. The company is also experiencing a major growth process in recent years, requiring financial muscle. In order to sustain this growth, working capital is essential.\u00a0<\/span><\/p>\n<h5><b>Novicap&#8217;s solution for the client<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The solution that was offered by <\/span><b>Novicap<\/b><span style=\"font-weight: 400;\"> to <\/span>the client<span style=\"font-weight: 400;\"> consists of a hybrid <\/span><b>Reverse Factoring<\/b><span style=\"font-weight: 400;\"> line (Standard and Early Payment) so that the company can manage the payments to its suppliers from Novicap&#8217;s platform. All this while offering them the possibility of paying their invoices early, under favourable conditions which facilitates the necessary deferral that their cash flows requires to optimise their cash flow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The collaboration started out with a <strong>Reverse Factoring<\/strong><\/span><b>\u00a0<\/b><span style=\"font-weight: 400;\">line, which in the meantime has tripled in size during the first year of its life. This success is thanks to the excellent results that the company has experienced during the first months of using the working capital line.<\/span><\/p>\n<p>Novicap has become a high valued partner that plays a role in daily operations and payment management of its suppliers.<\/p>\n<p><span style=\"font-weight: 400;\">As of today, nearly all invoices of <\/span>the client<span style=\"font-weight: 400;\"> are processed through <\/span><b>Novicap\u2019s Reverse Factoring <\/b><span style=\"font-weight: 400;\">platform, allowing them to collect the invoices a few days after they have been issued. The client<\/span><span style=\"font-weight: 400;\">\u00a0on his experience with <\/span>Novicap&#8217;s Reverse Factoring<span style=\"font-weight: 400;\"> line: <\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u201cWe have found <b>Novicap<\/b> to be an agile partner in our daily operations by offering an efficient technology platform and a high level of service. We are confident that we will continue to strengthen our relationship in the future and that they will accompany us in our growth plans<\/span><\/i><i><span style=\"font-weight: 400;\">.\u201d<\/span><\/i><\/p><\/blockquote>\n        <\/div>\n     <\/div>\n  <\/section>\n\n\n\n\n\n  <section class=\"content content--background-diagonal-pri content--no-padding-top\">\n     <div class=\"module\">\n        <div class=\"block block--t12 block--d10 block--d-push-2\">\n           <h3>Hear what other businesses have to say about working with Novicap<\/h3>\n        <\/div>\n\n                <div class=\"block block--case margin-top-60-t margin-bottom-30-t margin-top-120-d margin-bottom-120-d\">\n        \n                          \n                 \n                 <a href=\"https:\/\/novicap.com\/en\/case-studies\/case-study-energy-sector\/\" class=\"case\" title=\"Case Study: Energy Sector\">\n                    <img decoding=\"async\" src=\"https:\/\/novicap.com\/assets\/uploads\/2022\/03\/energy-sector.jpg\" alt=\"\" class=\"case__image\">\n                    <div class=\"case__text\">\n                       <h5>Case Study: Energy Sector<\/h5>\n                       <span class=\"arrow\">Read more<\/span>\n                    <\/div>\n                 <\/a>\n\n               \n                 \n                 <a href=\"https:\/\/novicap.com\/en\/case-studies\/case-study-agriculture-and-manufacturing-sector\/\" class=\"case\" title=\"Case study: Agriculture Sector\">\n                    <img decoding=\"async\" src=\"https:\/\/novicap.com\/assets\/uploads\/2019\/07\/blue-sky-clouds-crop-388415.jpg\" alt=\"\" class=\"case__image\">\n                    <div class=\"case__text\">\n                       <h5>Case study: Agriculture Sector<\/h5>\n                       <span class=\"arrow\">Read more<\/span>\n                    <\/div>\n                 <\/a>\n\n               \n                 \n                 <a href=\"https:\/\/novicap.com\/en\/case-studies\/case-study-digital-sector\/\" class=\"case\" title=\"Case study: Digital Sector\">\n                    <img decoding=\"async\" src=\"https:\/\/novicap.com\/assets\/uploads\/2019\/08\/blur-click-company-1109543.jpg\" alt=\"\" class=\"case__image\">\n                    <div class=\"case__text\">\n                       <h5>Case study: Digital Sector<\/h5>\n                       <span class=\"arrow\">Read more<\/span>\n                    <\/div>\n                 <\/a>\n\n               \n           \n        <\/div>\n\n                <div class=\"block block--d-push-2\">\n           <a href=\"\/\/novicap.com\/en\/case-studies\/\" title=\"Read other case studies\" class=\"button button--full hover--bg-white-txt-orange button--small-t\">Read other case studies<\/a>\n        <\/div>\n             <\/div>\n  <\/section>\n<img src=\"https:\/\/novicap.com\/assets\/uploads\/2022\/03\/case-study-lfood-sector-es-NB.jpg\" class=\"ss-hidden-pin-image\" alt=\"\" data-pin-url=\"https:\/\/novicap.com\/en\/case-studies\/case-study-food-sector\/\" data-pin-media=\"https:\/\/novicap.com\/assets\/uploads\/2022\/03\/case-study-lfood-sector-es-NB.jpg\" data-pin-description=\"Case study: Food Sector\"\/>","protected":false},"excerpt":{"rendered":"<img src=\"https:\/\/novicap.com\/assets\/uploads\/2022\/03\/case-study-lfood-sector-es-NB.jpg\" class=\"ss-hidden-pin-image\" alt=\"\" data-pin-url=\"https:\/\/novicap.com\/en\/case-studies\/case-study-food-sector\/\" data-pin-media=\"https:\/\/novicap.com\/assets\/uploads\/2022\/03\/case-study-lfood-sector-es-NB.jpg\" data-pin-description=\"Case study: Food Sector\"\/>","protected":false},"featured_media":10642,"template":"","ct_industry":[200],"ct_product":[197],"class_list":["post-19311","case","type-case","status-publish","has-post-thumbnail","hentry","ct_industry-fmcg","ct_product-reverse-factoring"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast 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