Your one-stop resource for the latest news and trends within the beverage alcohol industry
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
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.
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
Efficiency and accuracy are top priorities in an accounts payable (AP) workflow, especially when dealing with alcohol invoices. The alcohol industry is one of the most heavily regulated sectors, with stringent requirements that vary significantly across regions. Handling these invoices with standard AP automation tools can lead to
In the fast-paced world of business, efficiency is key. Managing invoices and payments can often be cumbersome, and over the years, our clients have continuously asked us when we will expand our invoice processing capabilities beyond just alcohol. Well, that time has arrived. Our new PaymentSource® Premium solution
This is the third post in a PaymentSource Premium series, exploring the business case for automating your accounts payable (AP) to manage all invoices, not just the alcohol ones, in one place. Today’s ultra-competitive business world demands efficiency at every turn. Capturing line-item details is one area where
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