The Fintech Blog
Explore the Fintech blog for expert insights on Accounts Payable and Accounts Receivable automation, Lilypad CRM, and Scan-Based Trading.
Stay ahead in retail, hospitality, and financial automation with the latest trends, best practices, and industry innovations.
- Categories: Accounting, Automation, General, Payments
Whether your business is dealing with a high or low volume of paper invoices, there is a better way to manage the data transfer from each invoice to your back-office or accounting system. Electronic Data Interchange, or EDI, revolutionizes invoice workflows for B2B transactions through automation, freeing up
- Categories: General
Ahoy, mateys! Gather ’round as we set sail into the heart of Tampa Bay’s most extravagant and pirate-infested celebration – the Gasparilla Parade and Festival. With its roots deeply embedded in the city’s maritime history, Gasparilla has become an annual spectacle that draws locals and visitors alike to
- Categories: Accounting, Automation, General, Payments, Retailers
When it comes to managing business finances, nothing holds more sway than the ebb and flow of cash. For companies aiming to optimize their cash flow, the adoption of automated Accounts Payable (AP) and Accounts Receivable (AR) processes provides unparalleled control over expenses and revenue. In this blog
- Categories: Alcohol Distributors, Automation, General, Partnerships
Last week, we had the pleasure of hosting Columbia Distributing for an onsite visit. The Columbia team traveled down from Oregon to celebrate their success as a distributor utilizing Fintech for alcohol invoice processing and to experience all that Tampa Bay has to offer. We were able to
- Categories: Accounting, Automation, General, Partnerships, Payments
Managing alcohol invoice payments and reconciliation involves lots of paperwork and tracking for restaurants and bars. However, with the integration of Fintech, a B2B automated alcohol invoice payment solution, and Front Burner, an accounting firm tailored for the hospitality industry, this process becomes much more efficient. Combining Front
- Categories: Automation, General, Partnerships, Retailers
In the dynamic world of hospitality, efficient inventory management, streamlined operations, and data-driven decision-making are pivotal to success. There are many third-party services with comprehensive solutions tailored to transform how bars, restaurants, and beverage businesses operate, and combining these services creates a more robust approach to hospitality management.
- Categories: Accounting, Alcohol Distributors, Automation, General, Payments, Retailers
It’s 2024 – and many businesses still rely on paper checks for B2B payments. Traditional manual accounts payable (AP) and accounts receivable processes (AR) clog up key commercial transactions, especially in the alcohol industry, where there are issues of compliance with state regulations and repetitive manual processes with
- Categories: Alcohol Distributors, Automation, General, Payments
In the world of alcohol distribution, where speed, efficiency, and safety intertwine, the adoption of cashless Electronic Funds Transfer (EFT) emerges as a transformative solution. Tryon Distributing, a Fintech distributing partner, is embracing this innovative payment method with its retailers. There are multiple benefits with EFT alcohol invoice
- Categories: Alcohol Distributors, Automation, Data, General, Retailers
In today’s ever-evolving business landscape, the efficient management of invoices is a cornerstone for success, especially in industries involving the sale of alcohol. With the number of invoices coming in from a variety of alcohol distributors, managing those invoices quickly becomes a daunting task. Effective invoice management has
- Categories: Automation, General, Insights/Trends, Retailers
2023 showed some positive trends in the restaurant space in multiple segments. Mastercard recently hosted a webinar diving into some of these areas using its SpendingPulse™ insights. SpendingPulse is a “macroeconomic indicator of retail sales based on actual, near real-time data across various sectors.” Let’s review some of
- Categories: Alcohol Distributors, General
There is a shortage of truck drivers affecting the commercial transportation industry, and it is projected to get worse before it gets better. According to a recent study conducted by the American Journal of Transportation (AJOT), over 80,000 drivers are needed to address the current gap. By 2030,
- Categories: Alcohol Distributors, General, Legal, Regulations, Retailers, Suppliers
Erik Schaeffer (Manager, Regulatory Affairs) contributed to this blog. Today marks 90 years since the 21st Amendment was ratified, repealing the 18th Amendment and paving the way for the modern three-tier system and alcohol regulatory framework. The end of Prohibition allowed states to begin adopting their own laws
- Categories: Accounting, Automation, General, Payments
Efficiency in alcohol invoice payments is the cornerstone of a well-operating business in the beverage industry. As the landscape evolves, embracing streamlined payment processes becomes essential for businesses to ensure smooth operations. Utilizing electronic funds transfer (EFT) payment methods like Fintech’s PaymentSource® allows alcohol businesses to optimize accounts
- Categories: Drinking Buddies, General, Retailers
Brothers Glenn and Gary Sutch opened Coco’s Crush Bar in Clearwater Beach after more than 30 years in the hospitality and entertainment industries. Home of the Orange Crush, Coco’s has made waves in the area with a fantastic seafood menu, live music, and signature-crafted cocktails. They have expanded
- Categories: Lilypad CRM, Suppliers
Bev alc suppliers are in a competitive space, fighting for every inch of shelf space across every account they can find. In today’s market, enlisting the help of various alcohol technology platforms is instrumental for success. These technologies help suppliers streamline their operations, enhance customer experiences and maintain
- Categories: General, Legal, Regulations, Retailers
What were the most common themes for alcohol bills that passed in the 2023 legislative session? Drinks-to-Go Five state legislatures made drinks-to-go privileges permanent this year. Connecticut, Hawaii, Maine, Michigan, and Washington all codified the temporary to-go privileges that originated from the 2020 pandemic. The five states have
- Categories: Automation, Hospitality
The holiday season is a busy time for the hospitality industry, with an influx of customers looking to celebrate and create lasting memories. However, as the demand for services and staff escalates, many establishments face the challenge of labor shortages. To combat understaffing and ensure a smooth operation
- Categories: Automation, General, Payments, Retailers
The partnership between Fintech and Sculpture Hospitality leverages over three decades of industry experience from both companies that support bars and restaurants in the hospitality sector. By integrating Fintech’s PaymentSource® with Sculpture’s solutions, retailers gain access to a range of benefits that simplify alcohol inventory and management. Here