The Fintech Blog
Your one-stop resource for the latest news and trends within the beverage alcohol industry.
Filter Blog Categories:
Automating Hotel Operations to Optimize Efficiency
Whether you operate a boutique bed and breakfast or a large hotel with hundreds of rooms, task management is a vital component of labor, cost and time efficiency. Complete resource and efficiency optimization is an endless pursuit when operating a hospitality...
Convenience Channel is Up and Outpacing Multi Outlets in Beer Category
Convenience stores are showing some interesting signs of growth according to a report from Circana. Their data puts the YOY (year-over-year) convenience channel dollar sales growth at +4.7% in Q1 2023. It was previously sitting at +3.4% at the end of Q4 2022,...
Alcohol Invoice Payment Security Through PaymentSource
Businesses receive many invoices, especially those in the hospitality industry. It can be overwhelming seeing the stack of paper invoices in your back office get higher and higher. Many alcohol deliveries are COD, requiring paper checks to be given to...
5 Benefits of Alcohol Purchase Data Aggregation
Data is a fantastic resource for businesses throughout each tier of the alcohol industry. Each alcohol invoice transaction yields new rich data sets, but making sense of those sets is where the real work lies. This is where data aggregation can help. Aggregating your...
Alcohol Delivery From Retailers to Consumers: A Quickly Expanding Privilege
Even with the COVID-19 pandemic squarely in our rearview mirror, the on-prem alcohol industry continues to enjoy the expansion of retail privileges that were accelerated by modifications born from the pandemic. What were once emergency allowances to allow...
New Plant-Based Brewing Aids Pushing Sustainability in Industry
Kerry Group, a multinational public food company, recently developed two plant-based processing aids as part of its “Eco Range” collection. The collection offers brewers innovative solutions to reduce their environmental impact while still being able to create...
Shaken, Not Stirred: How Celebrity Involvement, Premium Products, and Social Initiatives Drive Spirits Market Share Growth
According to the Distilled Spirits Council of the United States (DISCUS), the U.S. spirits market share has overtaken beer. From 2000 to 2022, the spirits revenue market share has gone from 28.7% to 42.1%. DISCUS reports that beer has a 41.9% market share. The...
Fintech Culture Club Roundup – June 2023
One of the best things about Fintech is the culture instilled throughout the company. Our Culture Club does a fantastic job of putting together different events that give Fintechers the opportunity to relax, mingle with other departments, and celebrate company...
2023 NCSLA Conference Recap
“Working Together – We’re More Than OK!” That was the theme of last week’s National Conference of State Liquor Administrators (NCSLA) annual conference in Oklahoma City. Regulators, counsel for alcohol beverage control boards from across the nation, and other...
How to Use POS Data to Identify New Product Ideas and Expand Your Product Portfolio
Innovation and expansion are key drivers of success in the dynamic world of business. For bev alc suppliers, staying ahead of the curve means continuously monitoring and assessing market trends before introducing new products in order to meet evolving consumer...
Why Michigan Regulators Mandated Electronic Payments for Alcohol Deliveries to Retailers
If it hasn’t already blipped on your radar, you might be interested to know that the Michigan Liquor Control Commission recently launched a modernization effort that is the first of its kind in the United States. The Commission issued an Administrative Order to...
Expand Your Invoice Payment Efficiencies with AP Automation
You already know Fintech for its contributions to optimizing the three-tier system through automated alcohol invoice payments. With Fintech, invoice payments are made on time, every time, and businesses also enjoy seamless line-item data integration into their...
