For category managers in retail, strong relationships with suppliers are fundamental in driving revenue growth and stability. In fact, in many cases the relationship with a supplier will influence a retailer’s operational decision, which may look good on paper but fails when the retailer-supplier relationship is disrupted. A
Receiving an invoice from your alcohol distributor is the first step in the long process of managing invoice data. Once the delivery is confirmed, many operators manually key all the invoice data into their back-office or accounting system. This means taking each invoice from each delivery and spending
Beer is more than just a beverage—it’s a major economic force. The 2025 Beer Serves America report highlights the immense role the beer industry plays in supporting jobs, generating tax revenue, and fueling local economies across the country. From the fields where hops and barley are grown to
Hospitality and retail businesses must continually monitor and analyze purchasing behaviors across vendors to ensure margin stability and maintain a positive P&L. In doing so, businesses can improve their purchasing based on data that can lead to informed decisions and conversations with suppliers. Fintech’s Spend Overview makes this
There are many different initiatives within hospitality and retail businesses that keep the business running efficiently. Some of these initiatives are customer-facing, and others live behind the scenes. Areas that require compliance are among the most important, as these areas support margin and profit growth. The breadth of
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
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
General Ledger (GL) coding is a fundamental aspect of accounting that involves assigning unique alphanumeric codes to financial transactions. These codes help categorize transactions into various ledger accounts, such as revenues, expenses, etc. Businesses can implement cost category coding to better understand category spend and to simplify research
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