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 helps streamline all your business invoices into one platform. Premium is designed to save you time and money while providing a holistic view of your business purchases. Let’s go over ten ways Premium’s invoice management capabilities help your business.
1) Centralized Invoice Management
Our portal allows you to view all your invoices in one place – alcohol included. No more jumping between different systems or losing track of paper invoices.
2) Automated Accounts Payable (AP) Process
The new Auto Approve and upcoming Auto Pay features quicken your AP process, eliminating the need to approve an invoice after it’s been processed or confirm payment. This automation not only saves time but also cuts costs, allowing you to allocate resources more effectively.
3) Access to Non-Alcohol EDI Partnerships
Expand your network effortlessly with access to our non-alcohol electronic data interchange (EDI) partnerships. Fintech’s vendor network is growing to ensure more seamless integrations and communication with supply chain partners, enhancing your efficiency by reducing human error and manual entry of line-item invoice data.
4) Eliminate Checks and Cash on Delivery (COD) Payments
Say goodbye to the outdated processes of writing checks and COD payments. Our platform modernizes your payment methods and provides more secure transactions. There is no need to stop what you are doing to write a check or leave payment behind for onsite managers to handle.
5) 15-Month Invoice Vault
House all of your invoices securely for 15 months inside the Invoice Vault. This centralized storage ensures that you can access any invoice at any time, reducing clutter and improving organizational efficiency.
6) Invoice Builder Tool
Our Invoice Builder tool is perfect for helping smaller vendors without e-invoicing capabilities. They can now easily create and send invoices using our online portal, ensuring timely and accurate payments.
7) Comprehensive Insights
Gain valuable insights into both your alcohol and non-alcohol spending. Our analytics tools provide a clear view of your expenditures, helping you make informed business decisions to protect margins.
8) Mobile Invoice Scanning
With the ability to scan invoices from your phone or mobile device, you have the freedom to manage invoices on the go. There is no need to be tied to your desk by time-consuming manual entry. Our optical character recognition (OCR) technology handles uploads more efficiently.
9) Edit Non-Alc Invoices in the Portal
Edit, adjust, and review non-alc invoices within the Fintech portal to account for out-of-stocks, damaged items, or products that are missing. Only submit invoices you approve for processing and payment! For alcohol invoices, you can request credits directly from your distributors through the portal.
10) Non-Alc Vendor Setup
Send us your non-alcohol vendor list to streamline your vendor management. We’ll set you up with the vendors already using Fintech! We currently work with 262 non-alcohol vendors and are growing our network daily.
This added non-alcohol invoice processing capability transforms your efficiency by providing more convenience with one place to handle all your business invoices. For more information or a brief demo on PaymentSource Premium, check out our latest webinar replay here.
