The Fintech Blog
Explore Fintech’s blog for the latest insights in AP and AR automation, Lilypad CRM, and Scan-Based Trading, designed to keep you ahead in retail, hospitality, and financial automation.
Every business collects, stores, and analyzes data. Our customers receive many invoices daily, each containing vital data that informs accurate inventory counts and purchasing decisions to maintain margins. Businesses use tools like accounting or back-office systems to keep track of the constant influx of invoice data, but that
Managing inventory is a critical task for liquor and convenience stores, as well as other off-premise retailers. Whether it’s a single outlet or a chain, efficiently managing current stock, tracking deliveries, handling invoice payments, and managing item-specific data is essential for operational efficiency. Fortunately, Modisoft and Fintech provide
Switching to a new CRM may seem like a daunting task, leaving suppliers hesitant to do so with such a high volume of account contacts and associated data. Lilypad offers a convenient workaround with its account data import tool, streamlining the account contact migration process. This feature simplifies
When it comes to alcohol businesses, suppliers are looking to drive as many sales as possible. There are many ways to find new accounts, such as a route accounting system (RAS) that comes from distributor depletion data. Some suppliers, including those just starting out, may not have access
Convenience stores, liquor stores, and smoke shops are a few examples of businesses in off-premises retailing. The term “off-premises” relates to alcohol purchasing and consumption, meaning alcohol can be bought at the location but cannot be consumed there like with a bar or restaurant. These stores carry a
For our latest Drinking Buddies, we are featuring von Trapp Brewing. The brewery is part of the famous Trapp Family Lodge in Stowe, Vermont. They offer an array of year-round and seasonal beers at the brewery, giving plenty to choose from while enjoying the scenic views from the
Scan-based trading (SBT) is a consignment selling model that offers improved inventory management, streamlined processes, and better collaboration between retailers and suppliers. Technology integration is central to its success, facilitating seamless transactions, data insights, and enhanced decision-making. Let’s look at how SBT and technology intertwine to create retail
The quest for variety and customer satisfaction stands as a cornerstone for retail success. One strategy that has been making waves in the industry is scan-based trading (SBT), a method that not only influences inventory diversity but also reshapes the dynamics of local markets. Here are some ways
