Your one-stop resource for the latest news and trends within the beverage alcohol industry
The alcohol industry has come a long way from traditional bartending, pickup truck deliveries, and cash transactions. Technological advancements continue to disrupt and transform how alcohol is ordered, purchased, served, and enjoyed. These alcohol technology solutions can optimize workflows, create margin-protecting opportunities, and more. In this blog, we
There is a rising star in the convenience store alcohol market – boxed wine. As of Q3 2023, boxed wine now accounts for 10.59% of total wine spending, up from 8.53% in Q4 2022. This growth underscores its popularity among consumers. Fintech’s data insights can help convenience store
Don’t let the thought of alcohol invoices piling up ruin your Halloween! Fintech’s PaymentSource® is the perfect treat that will save you both time and money while also helping you grow and manage your alcohol business like never before. Time-Saving Sorcery Wave goodbye to tedious manual tasks and
For our latest Drinking Buddies feature, we sat down with Donna Qvarnstrom, owner and operator of Cobb’s Landing and Little Jim Bait & Tackle in Fort Pierce, FL. Both are successful businesses in their own right and feature fresh seafood, craft cocktails, live entertainment, and history. Drinking Buddies
Imagine a way that off-premises businesses could quickly identify price changes by distributor, by location, and all the way down to product SKU that would allow them to make decisions faster which ultimately helps protect the margins they are trying to achieve. Fintech’s Margin Protection can do just
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
Restaurants are gearing up for the busy holiday season. In preparation, operators are looking for areas to make improvements, considering rising labor demand, costs, and competition. Managers can improve operations by implementing tech solutions that automate manual tasks and drive higher return on investment (ROI). Operators may think
Whether you view alcohol as a way to boost foot traffic into your business, enhance the customer experience, or increase your profit margins, it is crucial to have an efficient and accurate system to manage alcohol purchase orders (POs) and expenses. Selling alcohol, especially successfully, comes with no
Running a business with 50+ locations comes with its own set of unique challenges. Between creating a consistently positive customer experience, managing orders across locations, and keeping margins intact, it can be incredibly difficult to manage your business portfolio while ensuring each key area is being addressed properly.
From the Desk of Richard Blau – Alcohol Beverage Section Chair, Gray Robinson, P.A. The Tennessee Attorney General last month filed a federal lawsuit to immediately stop the flow of illegal liquor shipments facilitated by six unlicensed out-of-state defendants. The lawsuit, filed in the United States District Court
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