Did you hear? New laws in CA & NV will require all wholesale alcohol deliveries to be paid electronically.
For Hospitality Businesses of all Sizes
Simplify Your Hospitality Business Workflows
For over 34 years, Fintech has been the leader in automating alcohol invoice data and payments through our network of 7,700 distributors. Today, we bring that same efficiency by automating invoice processes for all your business purchases.
Trusted by Over 274,000 Businesses
New Compliance Module
Stop Overpaying for Alcohol with Expected Cost Analysis
Comparing expected to invoiced costs is now automated.
Any cost higher than the expected amount in your product catalog will be flagged, allowing you to determine where you need to adjust pricing or negotiate with distributors to stay within margin targets.
Invoice Processing Automation for the Hospitality Industry
Whether you are a national brand or a local icon, we all share common challenges and best practices.
Benefit from Free, Lite, Pro, and Premium levels of PaymentSource.
Capture Your Hospitality Business Invoice Data
Eliminate Manual Invoice Data Entry
When you integrate with Fintech, we standardize your invoice data and send it back to you through an integration in the format you require. This integration eliminates manual invoice data entry for goods, services, supplies, and alcohol purchases. Reduce the possibility of human errors and save up to 10 minutes per invoice on data entry alone.
Easily Standardize & Digitize Invoice Data
After data is received and standardized, we populate it into your personalized Fintech portal and can send it to your back-office system through an integration or daily file.
We ingest invoice data three convenient ways:
- Directly from your vendors, suppliers, and alcohol distributors through an integration
- Through Fintech’s Invoice Builder – vendors can create and upload invoices inside our portal
- Scan and upload the paper invoice in minutes - AI and machine learning digitize and code line-item invoice details
Avoid Financial Reporting Bottlenecks
Since Fintech sends all your invoice data to your back-office through one integration, the data is captured timely, ultimately allowing you to realize inventory expenses consistently faster. This helps eliminate month-end delays, giving you accurate numbers to reconcile against to close financial periods confidently.
Never Lose Track of Your Purchase History
Need to find an invoice? It’s stored in your secure Fintech “invoice vault.” Your portal keeps a rolling 15 months of purchase history across all vendors, suppliers, and alcohol distributors—giving you quick, reliable access whenever you need it.
Simplify Hospitality Business Invoice Payments
Automate Alcohol Invoice Payment
Whether you operate in a state that requires COD for alcohol purchases, offers terms, or a combination of both, Fintech's PaymentSource automates the invoice payment and keeps you in line with state regulations. Payment is made per the due date on the invoice, and all payments can be monitored inside your Fintech portal. You also have the option of scheduling alcohol invoice payments before the due date if preferred.
If you would like to sign up for automated alcohol invoice payment only, you can self-sign up here for our Free service and receive a no-obligation trial of all portal benefits.
Choose the Way You Want to Pay for Goods, Services, and Operating Supplies
An added convenience but not required, Fintech’s PaymentSource provides a variety of ways to pay and approve invoices for goods, services, and supplies in one place.
In the portal you can:
- Schedule a check or ACH payment
- Select invoices to autopay, invoices will be paid per the due date after approval
- Approve invoices
- Select invoices to auto-approve
One Platform with Reporting & Insights for All Your Hospitality Locations
Whether you run a small chain or an enterprise, your Fintech portal is a centralized collection point for all vendor and distributor invoices. Create a single source of truth across all your locations with access to purchase data, reporting, and insights.
- Beverage program compliance
- Product catalog management
- Spend by category or vendor
- Cost variance tracking
- Top-product reporting for alcohol purchases
- And more insights to protect margins
Learn more about expanding controls over governance, compliance, and reconciliation across invoice management with ReconSource® and OrderSource®.
Blog Tips & Trends Hospitality Businesses Can Use to Grow
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