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.
Businesses receive many invoices, especially those in the hospitality industry. It can be overwhelming seeing the stack of paper invoices in your back office get higher and higher. Many alcohol deliveries are COD, requiring paper checks to be given to distributors at the time of delivery. This dated
- Categories: Automation, Data, Retailers
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
- Categories: Regulations, Retailers, Suppliers
Even with the COVID-19 pandemic squarely in our rearview mirror, the on-prem alcohol industry continues to enjoy the expansion of retail privileges that were accelerated by modifications born from the pandemic. What were once emergency allowances to allow alcohol to be served outdoors on sidewalks and in
- Categories: Insights/Trends, Suppliers
Kerry Group, a multinational public food company, recently developed two plant-based processing aids as part of its “Eco Range” collection. The collection offers brewers innovative solutions to reduce their environmental impact while still being able to create artfully crafted beer. These two aids – Biofine Eco and
- Categories: Insights/Trends, Suppliers
According to the Distilled Spirits Council of the United States (DISCUS), the U.S. spirits market share has overtaken beer. From 2000 to 2022, the spirits revenue market share has gone from 28.7% to 42.1%. DISCUS reports that beer has a 41.9% market share. The organization recently held
One of the best things about Fintech is the culture instilled throughout the company. Our Culture Club does a fantastic job of putting together different events that give Fintechers the opportunity to relax, mingle with other departments, and celebrate company milestones. As we are about halfway through
- Categories: Alcohol Distributors, Legal, Regulations, Retailers, Suppliers
“Working Together – We’re More Than OK!” That was the theme of last week’s National Conference of State Liquor Administrators (NCSLA) annual conference in Oklahoma City. Regulators, counsel for alcohol beverage control boards from across the nation, and other industry representatives gathered to discuss and share ideas
Innovation and expansion are key drivers of success in the dynamic world of business. For bev alc suppliers, staying ahead of the curve means continuously monitoring and assessing market trends before introducing new products in order to meet evolving consumer demands and secure market share. Thankfully, in
- Categories: Payments, Regulations
If it hasn’t already blipped on your radar, you might be interested to know that the Michigan Liquor Control Commission recently launched a modernization effort that is the first of its kind in the United States. The Commission issued an Administrative Order to require electronic payments for all
- Categories: Automation, General, Payments, Retailers
You already know Fintech for its contributions to optimizing the three-tier system through automated alcohol invoice payments. With Fintech, invoice payments are made on time, every time, and businesses also enjoy seamless line-item data integration into their back-office system. Now, we are excited to bring those time-saving capabilities
Founded in 2017 by Ryan Griffin with partners Blake Thompson and Bill Griffin, Trophy Fish has become a staple in the Tampa Bay community, offering fresh fish and delicious island-inspired cocktails. They recently expanded into Tampa with their 2,000-square-foot Seminole Heights location. The Tampa location shares the building
As a beverage program manager, what’s the key element to effectively assess your multi-locational purchasing activities? It’s none other than, you guessed it, data. Regardless of the monitoring techniques you use, insight into multi-locational purchasing data empowers your team to: Understand ordering behaviors Seamlessly address anomalies Identify the
- Categories: Alcohol Distributors, Insights/Trends, Retailers, Suppliers
Beer Serves America, a biennial report prepared for The Beer Institute and the National Beer Wholesalers Association, outlines the economic impact of the beer industry. The brewing industry is an integral part of the national economy, contributing billions of dollars in wages and taxes and creating millions
- Categories: Insights/Trends, Retailers
Amazon is looking to its Amazon One palm-scanning tech to speed up the alcohol purchase process. No more standing in long lines to buy alcohol. You can now do it with a wave of your hand. Amazon One’s Journey Amazon One was officially launched in
As a beverage retailer, you understand the importance of providing a top-notch and consistent customer experience to your customers – no matter what location they visit. Whether you’re a chain of bars, restaurants, or hotels, your beverage program plays a key role in establishing your brand identity
Stop overlooking sales velocity when building a case for your brand. Why? Because it helps you tell a story – way deeper than just sharing sales growth over time. Make no mistake about it: knowing your sales growth is essential to assess your business/brand health, but it doesn’t
- Categories: Data, General, Lilypad CRM, Suppliers
We were recently at Craft Brewers Conference in Nashville to showcase how Fintech and Lilypad power alcohol businesses to Sell More Liquid and build efficiencies that continually grow their margins. Thanks to those in attendance for stopping by our booth to meet with the team and see Fintech’s