Your one-stop resource for the latest news and trends within the beverage alcohol industry
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
Efficient alcohol invoice processing removes bottlenecks imposed by manual accounts payable (AP) workflows. Streamlining your invoice processing can save you time, reduce errors, and improve your bottom line, whether you’re a small bar, a mid-sized restaurant, or a large retail chain. In this blog, we’ll walk you through
Managing inventory is a critical task for liquor and convenience stores, as well as other off-premise retailers. Whether it’s a single outlet or a chain, efficiently managing current stock, tracking deliveries, handling invoice payments, and managing item-specific data is essential for operational efficiency. Fortunately, Modisoft and Fintech provide
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
Convenience stores are showing some interesting signs of growth according to a report from Circana. Their data puts the YOY (year-over-year) convenience channel dollar sales growth at +4.7% in Q1 2023. It was previously sitting at +3.4% at the end of Q4 2022, so this positive trend
Our friends over at CStore Decisions recently posted a blog discussing how c-stores can integrate automation into their business to “help reallocate labor to more important tasks.” While automation certainly helps address labor shortages, the blog raises some interesting points about how maintaining a “human touch” is essential
The National Advisory Group (NAG) for Convenience Retail is hosting its 2023 Conference in Austin, TX, from March 26-29. Fintech is a proud conference sponsor, and Mark Kimber, Chief Revenue Officer, and Eric Flores, Director of Enterprise Sales, will be at our booth demonstrating how Fintech leverages your
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