Another National Beer Wholesalers Association (NBWA) Annual Convention is in the books. While this convention was a little different from what we are used to, the sessions, information, and virtual booths were as valuable as ever. For Fintech, NBWA was an opportunity to introduce the newest tool built for our distributor partners: the Distributor e-Vite tool. This web-based tool was designed to revolutionize the way distributors can introduce electronic invoice payments to their customers.
Michel Doukeris, CEO of Anheuser–Busch Inbev addressed NBWA attendees at the second general session, where he focused on the future of the industry and the changes we’ve seen over the last year, noting most importantly that, “we can’t return to normal, we need to embrace the change and move toward the future…the channel needs to come back more productive…to an even better future.” Doukeris also noted that “e-commerce and health and wellness will continue to be more important than ever.”
With those sentiments in mind and a commitment to innovation, Fintech has worked to make it easier to add your retail customers to secure, touch-free electronic invoice payments. Why electronic payments? Introducing this free payment option to your retailers not only encourages safety for your employees and customers by promoting social distancing and touch-free interactions, but also centralizes your payment operations, and ensures on-time payments from your customers. You have the ability to take control of the payment process, streamlined through your RAS, for both COD and term payments without the hassle of chasing for payment or fear of your customers being out of compliance – ultimately boosting sales and creating efficiencies across the board.
While electronic payments are a no-brainer for your business, adding all your retailers to this program can sound like a cumbersome process – you have A LOT of customers! Fortunately, Fintech has developed the Distributor e-Vite tool, designed to empower your front-line sales representatives and delivery drivers to send an enrollment link via text or email quickly. For the first time, your team can track the retailer’s enrollment progress, allowing them to pinpoint when locations are officially set up on electronic payments. Another added bonus? Incentives! This tool rewards sales reps and drivers with points as they invite retailers and watch them progress through the enrollment process, showing your team’s top performers on a leaderboard. This approach creates a competitive spirit, pairing well with incentive programs that can further accelerate the rate at which you add your retailers to free electronic payments.
Go paperless, promote safety and security, and take control of your payment process. Together, we can ensure that our industry comes back to an even better future.
Want to get started or have questions on the Distributor e-Vite App? Contact us at [email protected].