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.
The Michigan Liquor Control Commission’s mandate requiring electronic funds transfer (EFT) payment for all beer and wine distributors is just weeks away. Hotels, restaurants, and bars must set up automated EFT payment capabilities before the March 31 deadline to avoid interruptions with their alcohol deliveries. Hotels, restaurants, and
Super Bowl Sunday has been the most watched live sporting event in the US for decades! From the big game to the memorable commercials to the eccentric halftime show, nothing ever screams “America!” as loud as the Super Bowl does. Each February, Americans gather with family and
- Categories: Payments, Regulations, Retailers
- Categories: General, Payments, Regulations, Retailers
Big news! Last week, on January 19, the Michigan Liquor Control Commission issued ADMINISTRATIVE ORDER NO. 2023-01, requiring all wholesale beer and wine deliveries to retailers to be paid by electronic funds transfer (EFT). The requirement will go into effect on March 31, 2023, following a similar
- Categories: Accounting, General, Payments, Retailers
Staffing issues? Tell us about it! If your business is dealing with labor shortages, increased wages, and unreliable employees, it can be daunting to try and maintain a positive customer experience because you are bogged down with time-consuming manual tasks. A recent survey of on-premises retailers asked
- Categories: General, Insights/Trends, Retailers, Suppliers
- Categories: Regulations
Change is an easily observed undercurrent in the alcohol industry. From product innovation to brands, retail channels, advertising mediums, and mergers and acquisitions, the alcohol industry is constantly in a state of change. This is true even of the rules and regulations that create the guardrails for the
- Categories: Accounting, Payments, Retailers
Alcohol businesses thrive with proper inventory and invoice management. These two procedures are important to help ensure your alcohol investment yields a positive return and keep your monthly P&L statements accurate and balanced. Maintaining these important functions typically starts with someone manually entering alcohol invoice information into their
- Categories: Data, Insights/Trends
It was amazing to be in Santa Monica, CA for the Brewbound Live Winter 2022. What struck us the most is how engaged, open, and committed attendees were to connect and share their knowledge in a casual, yet supportive, atmosphere. This 2-day conference was full of fun
- Categories: Regulations
On Tuesday, Massachusetts voters were asked to vote for or against Question 3. A “yes” vote meant: Beer and wine would be allowed in up to 18 retail stores per licensee/company – an increase of 9 stores per licensee/company Beer, wine, and spirits would have been allowed in
- Categories: Insights/Trends, Retailers, Suppliers
In today’s fragmented 3-tier alcohol distribution system, intuition alone does not help you quantify performance at a retail level. Peter Drucker once said: “You can’t measure what you can’t manage.” Yet we like to think of it more as “you can’t measure what you don’t track”. Using
When it comes to growing your business, off-premise data plays a material role in your success: It helps your business see the fuller picture of your market. Far from guessing what’s happening at a retail level, this set of data answers the following questions: Demand: Are consumers
- Categories: Convenience Stores, Retailers