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
This is a guest blog from our friends at The Fork CPAs. Electronic Data Interchange (EDI) integration facilitates the communication of information and documents like invoices, credit notes, and payment information between businesses. Setting up an EDI integration between your restaurant’s inventory/POS and/or accounting system and your vendors
Whether you operate a boutique bed and breakfast or a large hotel with hundreds of rooms, task management is a vital component of labor, cost and time efficiency. Complete resource and efficiency optimization is an endless pursuit when operating a hospitality business, but there is a tool that
Data is a fantastic resource for businesses throughout each tier of the alcohol industry. Each alcohol invoice transaction yields new rich data sets, but making sense of those sets is where the real work lies. This is where data aggregation can help. Aggregating your alcohol purchase data can
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