Your one-stop resource for the latest news and trends within the beverage alcohol industry
The alcohol industry has come a long way from traditional bartending, pickup truck deliveries, and cash transactions. Technological advancements continue to disrupt and transform how alcohol is ordered, purchased, served, and enjoyed. These alcohol technology solutions can optimize workflows, create margin-protecting opportunities, and more. In this blog, we
There is a rising star in the convenience store alcohol market – boxed wine. As of Q3 2023, boxed wine now accounts for 10.59% of total wine spending, up from 8.53% in Q4 2022. This growth underscores its popularity among consumers. Fintech’s data insights can help convenience store
Don’t let the thought of alcohol invoices piling up ruin your Halloween! Fintech’s PaymentSource® is the perfect treat that will save you both time and money while also helping you grow and manage your alcohol business like never before. Time-Saving Sorcery Wave goodbye to tedious manual tasks and
This last week was the National Beer Wholesalers Association’s (NBWA) 86th Annual Convention & Trade Show in Las Vegas, Nevada. This meeting “provides valuable education programs for the beer industry and introduces distributors to new products, technologies, and vendors needed to run their operations.” Over 200 companies gathered
For our latest Drinking Buddies feature, we sat down with Donna Qvarnstrom, owner and operator of Cobb’s Landing and Little Jim Bait & Tackle in Fort Pierce, FL. Both are successful businesses in their own right and feature fresh seafood, craft cocktails, live entertainment, and history. Drinking Buddies
Imagine a way that off-premises businesses could quickly identify price changes by distributor, by location, and all the way down to product SKU that would allow them to make decisions faster which ultimately helps protect the margins they are trying to achieve. Fintech’s Margin Protection can do just
What is EDI Technology? EDI technology is the “intercompany communication of business documents in a standard format,” according to IBM. Put simply, it is an electronic format replacing paper-based documents like purchase orders and invoices. Fintech’s PaymentSource® has EDI functionality that connects your alcohol line-item invoice data to
Restaurants are gearing up for the busy holiday season. In preparation, operators are looking for areas to make improvements, considering rising labor demand, costs, and competition. Managers can improve operations by implementing tech solutions that automate manual tasks and drive higher return on investment (ROI). Operators may think
September is “Bourbon Heritage Month,” and as America’s native spirit, it is certainly worth celebrating. The iconic spirit is rich in history and also quite successful in terms of revenue, volume, and exports within the U.S. spirits market. Let’s toast to bourbon and go over some of its
Whether you view alcohol as a way to boost foot traffic into your business, enhance the customer experience, or increase your profit margins, it is crucial to have an efficient and accurate system to manage alcohol purchase orders (POs) and expenses. Selling alcohol, especially successfully, comes with no
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