The Fintech Blog
Explore the Fintech blog for expert insights on Accounts Payable and Accounts Receivable automation, Lilypad CRM, and Scan-Based Trading.
Stay ahead in retail, hospitality, and financial automation with the latest trends, best practices, and industry innovations.
- Categories: Data, Distributors, Hospitality, Insights/Trends, Retailers, Suppliers
Beer is more than just a beverage—it’s a major economic force. The 2025 Beer Serves America report highlights the immense role the beer industry plays in supporting jobs, generating tax revenue, and fueling local economies across the country. From the fields where hops and barley are grown to
- Categories: AP Automation, Automation, General, Hospitality, Liquor Store, Payments, Retail Store, Retailers
Digital invoicing (electronic invoicing, or e-invoicing) has revolutionized many industries, and the alcohol sector is no exception. This blog explores how digital invoicing is transforming the alcohol industry through the power of automation and the benefits it brings in terms of time and cost savings, reduced manual intervention,
- Categories: Accounting, AP Automation, Automation, Data, General, Hospitality, Liquor Store, Retail Store, Retailers
Hospitality and retail businesses must continually monitor and analyze purchasing behaviors across vendors to ensure margin stability and maintain a positive P&L. In doing so, businesses can improve their purchasing based on data that can lead to informed decisions and conversations with suppliers. Fintech’s Spend Overview makes this
- Categories: Accounting, AP Automation, Automation, Convenience Stores, Data, General, Hospitality, Liquor Store, Retail Store, Retailers
There are many different initiatives within hospitality and retail businesses that keep the business running efficiently. Some of these initiatives are customer-facing, and others live behind the scenes. Areas that require compliance are among the most important, as these areas support margin and profit growth. The breadth of
- Categories: AP Automation, Automation, Convenience Stores, General, Hospitality, Payments, Regulations, Retailers
California’s recently passed law requires automated electronic funds transfer (EFT) invoice payments for wholesaler alcohol deliveries. Compliance is required by December 31, 2025, and Fintech makes this transition seamless. With over 34 years of industry experience, Fintech offers an unparalleled payment platform tailored to meet the needs of
- Categories: General, Retail Store, Retailers, Scan-Based Trading
The brick-and-mortar retail landscape is undergoing a seismic shift. Consumer expectations are evolving, digital competitors are growing, and the pressure to maintain profitability is relentless. For brick-and-mortar retailers, staying competitive in this environment means rethinking traditional business models. Enter scan-based trading (SBT) – a consignment selling model that
- Categories: Accounting, AP Automation, Automation, Convenience Stores, Distributors, General, Payments, Regulations, Retail Store, Retailers
There are new payment regulations on the horizon in California regarding payment for wholesaler alcohol invoice payments. With these new regulations, all local retailers must pay for wholesaler alcohol invoice payments via electronic funds transfer (EFT) beginning December 31, 2025. This applies to beer, wine, and distilled spirits.
- Categories: AP Automation, Automation, Convenience Stores, General, Hospitality, Payments, Retail Store, Retailers
There is a lot of recordkeeping with running an alcohol business. As more deliveries come in, that stack of paper invoices climbs higher and higher, making it difficult to sift through the mess to find important information you need. Whether it is tracking down a specific transaction that
- Categories: Accounting, AP Automation, Automation, Convenience Stores, General, Hospitality, Insights/Trends, Liquor Store, Retail Store, Retailers
Time is one of the most valuable commodities in business. Yet, for many companies, a significant portion of their time vanishes into the black hole of back-office operations. Manually processing invoices, tracking payments, and reconciling errors can drain resources, frustrate employees, and pull you away from what really
- Categories: General, Retail Store, Retailers, Scan-Based Trading
Retailers have to adapt on the fly to remain competitive in today’s marketplace. Consignment selling models have gained serious traction with the rise of e-commerce and with trends in traditional buy-sell operations, with scan-based trading (SBT) emerging as a particularly attractive option. This model, in which retailers only
- Categories: AP Automation, Automation, Convenience Stores, Data, Hospitality, Liquor Store, Retail Store
As mid-market businesses strive for growth and sustainability, optimizing accounts payable (AP) processes is a critical step in any long-term planning. AP is ripe for modernization, specifically with invoice processing. Manual AP processes are insufficient and create hurdles when attempting to scale. Businesses can start with digital invoice
- Categories: Regulations
2025 is shaping up to be pivotal for alcohol legislation in the United States. From Mississippi’s new winery shipment regulations to Virginia’s evolving delivery laws, this blog looks at these and other impactful legislative changes that could influence alcohol sales and distribution. Mississippi While many state legislators are
- Categories: Accounting, AP Automation, Automation, Data, General, Retailers
- Categories: Accounting, AP Automation, Automation, General, Payments, Retailers
Alcohol invoice payments can be confusing depending on the type of alcohol, the location of the business, and the state’s regulatory guidelines for compliance regarding payment terms. There are several common alcohol invoice payment methods, but one that stands out is automated electronic funds transfer (EFT) for multiple
- Categories: Accounting, AP Automation, AR Automation, Automation, Data, General, Retailers, Suppliers
Seamless integration between retailers and supply chain partners is no longer a luxury; it is a necessity to stay competitive. This is why it is important to identify the common challenges facing vendor integration management and how to overcome them. Well-managed and executed vendor integrations create a harmonious
- Categories: AP Automation, Automation, General, Hospitality, Insights/Trends, Retail Store
Let me start where I usually end: “Best of luck with your American dream. I’m in awe of what you do on a daily basis to serve your customers, employ your staff, and put food on your table. Go get ‘em!” In my previous blogs, I used this
- Categories: Automation, General, Retail Store, Retailers, Scan-Based Trading, Suppliers
There are many selling models for running a successful retail business. These selling models cater to different-sized businesses with all kinds of goods and services. Regardless of business size, two mainstays in the retail industry—inventory management and operating capital—must be optimized to be successful and stay that way.
- Categories: Accounting, AP Automation, Automation, Data, General, Hospitality, Retail Store, Retailers
General Ledger (GL) coding is a fundamental aspect of accounting that involves assigning unique alphanumeric codes to financial transactions. These codes help categorize transactions into various ledger accounts, such as revenues, expenses, etc. Businesses can implement cost category coding to better understand category spend and to simplify research