The Fintech Blog
Your one-stop resource for the latest news and trends within the beverage alcohol industry
nbsp 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 distributors at the time of delivery
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 purchase data can
nbsp 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 alcohol to be served outdoors on
nbsp 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 artfully crafted beer These two aids Biofine Eco
nbsp 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
nbsp 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 milestones As we are about halfway
nbsp 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 industry representatives gathered to discuss and
nbsp 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 demands and secure market share Thankfully
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 require electronic payments for
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 back office system Now we are excited to bring
Founded in 2017 by Ryan Griffin with partners Blake Thompson and Bill Griffin Trophy Fish has become a staple in the Tampa Bay community offering fresh fish and delicious island inspired cocktails They recently expanded into Tampa with their 2 000 square foot Seminole Heights location The Tampa
As a beverage program manager what s the key element to effectively assess your multi locational purchasing activities It s none other than you guessed it data Regardless of the monitoring techniques you use insight into multi locational purchasing data empowers your team to Understand ordering behaviors Seamlessly
