Your one-stop resource for the latest news and trends within the beverage alcohol industry
Managing alcohol invoice payments and reconciliation involves lots of paperwork and tracking for restaurants and bars. However, with the integration of Fintech, a B2B automated alcohol invoice payment solution, and Front Burner, an accounting firm tailored for the hospitality industry, this process becomes much more efficient. Combining Front
In the dynamic world of hospitality, efficient inventory management, streamlined operations, and data-driven decision-making are pivotal to success. There are many third-party services with comprehensive solutions tailored to transform how bars, restaurants, and beverage businesses operate, and combining these services creates a more robust approach to hospitality management.
It’s 2024 – and many businesses still rely on paper checks for B2B payments. Traditional manual accounts payable (AP) and accounts receivable processes (AR) clog up key commercial transactions, especially in the alcohol industry, where there are issues of compliance with state regulations and repetitive manual processes with
In the world of alcohol distribution, where speed, efficiency, and safety intertwine, the adoption of cashless Electronic Funds Transfer (EFT) emerges as a transformative solution. Tryon Distributing, a Fintech distributing partner, is embracing this innovative payment method with its retailers. There are multiple benefits with EFT alcohol invoice
In today’s ever-evolving business landscape, the efficient management of invoices is a cornerstone for success, especially in industries involving the sale of alcohol. With the number of invoices coming in from a variety of alcohol distributors, managing those invoices quickly becomes a daunting task. Effective invoice management has
2023 showed some positive trends in the restaurant space in multiple segments. Mastercard recently hosted a webinar diving into some of these areas using its SpendingPulse™ insights. SpendingPulse is a “macroeconomic indicator of retail sales based on actual, near real-time data across various sectors.” Let’s review some of
Efficiency in alcohol invoice payments is the cornerstone of a well-operating business in the beverage industry. As the landscape evolves, embracing streamlined payment processes becomes essential for businesses to ensure smooth operations. Utilizing electronic funds transfer (EFT) payment methods like Fintech’s PaymentSource® allows alcohol businesses to optimize accounts
The holiday season is a busy time for the hospitality industry, with an influx of customers looking to celebrate and create lasting memories. However, as the demand for services and staff escalates, many establishments face the challenge of labor shortages. To combat understaffing and ensure a smooth operation
The partnership between Fintech and Sculpture Hospitality leverages over three decades of industry experience from both companies that support bars and restaurants in the hospitality sector. By integrating Fintech’s PaymentSource® with Sculpture’s solutions, retailers gain access to a range of benefits that simplify alcohol inventory and management. Here
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
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