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