Your one-stop resource for the latest news and trends within the beverage alcohol industry
Efficiency and accuracy are top priorities in an accounts payable (AP) workflow, especially when dealing with alcohol invoices. The alcohol industry is one of the most heavily regulated sectors, with stringent requirements that vary significantly across regions. Handling these invoices with standard AP automation tools can lead to
Effective invoice management is a cornerstone of operational efficiency. Businesses frequently receive invoices for goods, services, and operating supplies. Keeping track of this high volume of invoices requires proactive accounts payable (AP) solutions for invoice payment and data capture. Multiple challenges can arise if there is no clear
As a restaurant operator, you need tight control over purchases, payments, stock levels, inventory usage, and cost of sales. This level of control is especially true with alcohol. Fintech and COGS-Well have integrated their applications to offer best-in-class solutions to restaurants for alcohol invoice payments, AP automation, inventory control,
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
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
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