This is the fourth 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.
As automation has transformed your personal and in-office life, so too have your accounts payable (AP) needs. Introducing PaymentSource Premium, a top-tier upgrade that simplifies invoice processing by letting you pay and manage all your invoices – not just alcohol – in one place. Our enhanced automation helps you save time, cut costs, improve your cash flow, forge trusted relationships, and focus on the work you love.
Our Legacy: Modernizing the Alcohol Industry Since 1991
You could say Fintech is the go-to solution for automated alcohol payments. Since we opened our doors, focus on account payables efficiency has led us to success in the highly regulated alcohol arena.
Through PaymentSource – our flagship solution – we made a game-changing impact on the lives of customers thirsty for easier, faster, and simplified invoice management journeys.
By the Numbers
- Pioneer of alcohol invoice payments since 1991
- 5,000+ participating distributors
- 1M+ distributor-to-customer relationships
- 240K+ alcohol retailers
- 950K+ invoices processed weekly
- $52 annual payments for alcohol invoices
- 599M+ line-item invoices we processed this past year
Our goal is to simplify your workday so you have more time to focus on the things that matter and give you joy. Now, let us introduce you to PaymentSource Premium – our latest upgrade tailored to transform your invoice operations beyond alcohol invoice payments.
Automation is No Longer Optional – It’s Mandatory to Lead Invoice Management Efficiency
Every business owner or executive aspires to have an efficient invoice processing system in place, but, for many, it’s just wishful thinking.
Studies found that the cost of processing one invoice electronically is just $2.36, delivering substantial savings compared to the $15 needed for manual processing. Plus, automation can handle invoices much quicker, taking only 2-3 minutes per invoice compared to the 12 minutes it takes manually.
Astoundingly, despite the cost and time-saving advantages, just over half (56%) of all AP teams use digital payments. That’s why Fintech has stepped in to help you move beyond wishful thinking – meet Premium!
What is PaymentSource Premium?
PaymentSource Premium is our newest top-tier upgrade, designed to transform your invoice management with enhanced functionalities. It enables you to pay and manage all your invoices—not just alcohol invoices—in one place.
Premium captures line-item invoice data from all your B2B transactions and seamlessly delivers it to your back-office system. This empowers you to streamline critical touchpoints and revitalize your business with a more scalable approach to managing all your invoices holistically.
This new bundle marks the end of tedious data entry and chaotic methods of processing B2B transactions. Our innovative, user-friendly platform delivers a consolidated view of all your invoice data, allowing you to:
- Save hours of manual work
- Slash operational costs
- Make informed purchases
- Boost your cash flow
- Build trusted relationships
- Focus on what matters most – your growth!
The Benefits of Automating Your Invoice Management with Premium
In addition to the perks included in our lower-tier plans, upgrading to Premium will unlock even more exclusive benefits.
1) All Your Invoices in One Place
Our platform delivers a consolidated view of all your invoice data. Tap into summaries and line-item data to paint a better picture of all your B2B transactions. Managing all your invoices in one place offers supreme convenience, saves time, and keeps you focused on your growth.
2) Easy, Efficient, Uncomplicated Integration
Obliterate disjointed invoice processing systems and manual data entry with a single upgrade. Premium captures all your vendor line-item invoice data and seamlessly delivers it into your accounting system or sends you a digital file for upload. This reduces manual work while maximizing productivity and accuracy across the board.
3) Upload Your Invoices Anywhere, Anytime
Premium unlocks true peace of mind by letting you fulfill your invoice operations from anywhere. Our extended functionalities let you scan or upload, manage, and pay all your invoices with just a few taps on your smartphone. This not only helps track your invoices and payment activity on the go but also frees you from being confined to your desktop to manage your business.
4) Schedule and Pay as You Wish
Premium also injects a flexibility booster to your payments. As we seamlessly capture, digitize, and process all your invoices, you are free to pay them through various methods. This includes checks, ACH, and even outside of our platform. You can also schedule payments for your approved B2B invoices in advance, ensuring timely payments and avoiding any confusion or missed transactions.
5) Optimize Your Cash Flow
Premium lets you automate your data entry, view all pending payments (plus up to 15 months of past payments), speed up reconciliation and approvals, and unlock data-driven reports to track spend across sites and vendors. This not only saves you costs but also empowers you to strategically allocate cash in other critical areas of your business.
6) Hassle-Free Vendor Onboarding and Integrations
Relationships are gold. With Premium, your vendors can use Fintech to send you their invoices or use the Invoice Builder feature (if they lack e-invoicing capabilities) to create one. Upon receipt, we capture the invoice data, normalize it, and seamlessly deliver it to your back-office system or give you a digital file for your use. This helps you maintain your pace while prioritizing faster collaboration and transactions.
As Your AP Needs Evolve, So Will We! Try Premium!
If you’ve been using Fintech to automate your alcohol invoice payments, then you already know the exceptional joys of streamlined accounting. By upgrading to Premium, you’ll be able to manage all your invoices – not just alcohol – in one place, unlocking:
- Streamlined capture-to-payment journeys
- A consolidated view of all your invoice data
- More time to focus on making a better business impact
If you wish to learn more about our new Premium bundle, please feel free to talk to a Fintech expert.
