Julius Meinl has been using factoring for customer receivables since 2010 – a step towards optimizing working capital. In 2020, the company decided to take another logical step: introducing a reverse factoring program to optimize the financial supply chain. The aim was to gain additional liquidity without burdening the balance sheet. The program was implemented in a lean manner at the time and allows for longer payment terms, with liabilities continuing to be recognized as trade payables.