Your one-stop resource for the latest news and trends within the beverage alcohol industry
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
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.
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
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
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
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
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
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
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.
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