TAMPA, FL — Financial-Information-Technologies, LLC (“Fintech”), the leading business solutions provider for the beverage alcohol industry, has renewed its strategic partnership with the National Beer Wholesalers Association (NBWA), the leading voice for America’s 3,000 independent beer distributors. Through this partnership, Fintech and NBWA will continue delivering helpful resources, programs, tools, and data-driven insights to independent beer distributors across the country.
Since 2014, this partnership has yielded significant benefits for NBWA members, including over $968,000 in rebates. Fintech has worked closely with NBWA and its members to help continue to improve delivery efficiency in the alcohol industry through tools such as its PaymentSource® platform, now used by over 240,000 retailers across the country.
The partnership also includes valuable insights into beer industry data. Both companies recently hosted a well-received webinar with NBWA’s Lester Jones (VP, Analytics & Chief Economist) and Fintech’s Eric Kiser (VP, Distributor Strategy) that explored macro trends in the U.S. beer market, analyzed Fintech retailer purchase data and assessed 2024 performance in on- and off-premise segments across trends, brands and packaging.
Fintech is a proud sponsor of NBWA’s 87th Annual Convention & Product Showcase as well as its Annual Next Generation Success in Leadership Conference, which brings together emerging beer distribution leaders to bolster their industry knowledge, develop important leadership skills and build connections from across the country.
“This year marks a decade of an ongoing partnership between NBWA and Fintech, which we are excited to see continue,” said NBWA President and CEO Craig Purser. “As America’s beer and beverage distributors operate in an increasingly complex and digitally driven consumer beverage market, Fintech has been a reliable partner in helping them execute commerce and efficiently serve their communities.”
“We are delighted to continue our 10-year relationship with the NBWA. We value their partnership and share in their commitment to the beer industry. The renewal reaffirms our shared dedication to the mutual growth and success of the beer wholesalers across the U.S. I want to extend thanks to the entire NBWA staff for their years of support,” said Tad Phelps, CEO of Fintech.
About NBWA
The National Beer Wholesalers Association (NBWA) represents America’s 3,000 independent beer distributors who service every state, congressional district and media market across the country. Licensed at the federal and state levels, beer distributors get bottles, cans, cases and kegs from a brewer or importer to stores, restaurants and other licensed retail accounts through a transparent and accountable regulatory system. Distributors build brands of all sizes – from familiar domestic beers to new startup labels and imports from around the world – and generate enormous consumer choice while supporting more than 137,000 quality jobs in their home communities. Beer distributors work locally to keep communities safe by sponsoring programs to promote responsible consumption, combat drunk driving and reduce underage drinking.
About Fintech
Fintech, a pioneering business solutions provider, has been dedicated to serving the beverage alcohol industry for 35 years. Supported by TA Associates and General Atlantic, Fintech stands as a foremost leader in this sector. Its flagship product, PaymentSource®, is leveraged by over 240,000 retail and hospitality businesses, and more than 5,000 alcohol distributors and suppliers nationwide. This proven platform automates alcohol invoice payment, streamlines payment collection, and facilitates comprehensive data capture for over 1M B2B business relationships.
