Tampa, FL, January 22, 2020 – Processing $8 billion in payments for its beverage alcohol retailers and distributors in the fourth quarter alone, Financial-Information-Technologies, LLC (“Fintech”), continues to solidify its position as the nationwide leader in beverage alcohol management. For nearly three decades, Fintech has provided an integrated platform built to support the success of clients of all sizes. Important developments include onboarding several new retailers, distributors, and suppliers with locations across the country.
This quarter, Fintech added 45,000 new relationships to its overall total, which now exceeds 605,000 processing with over 4,000 alcohol distributors. Notable, long-term Fintech clients, including AMC Theaters, ALDI, Kona Grill, MurphyUSA, Texas Roadhouse, Prime Now, and Dollar General Stores, continued utilizing Fintech’s payment solution in new locations. Additionally, The Cheesecake Factory enrolled all their California locations with Fintech to control costs, build margins, and grow profits.
Welcome to Fintech!
Fintech also welcomed numerous new retail clients attracted by top-notch client service, profit-building analytics, and unrivaled distributor coverage. New clients selecting Fintech’s payment solution throughout the fourth quarter included:
SA Discount Liquor
SA Discount Liquor has used Fintech to manage the distributor side of their business since 2006. In the fourth quarter, they implemented Fintech’s payment product across their 42 retail liquor stores.
Pizza My Heart
Pizza My Heart is a popular pizza parlor with locations across California. Last quarter, they partnered with Fintech to streamline their alcohol business in all 20 locations.
Kwik Stop Food Stores Inc.
In October, Kwik Stop Food Stores Inc., a large chain of convenience stores in the Midwest, implemented Fintech to help ensure compliance and simplify the way they purchase alcohol at 23 of their stores
Laughing Planet Corporation
Laughing Planet Corporation has selected Fintech to maximize operating efficiencies and increase profits within their alcohol category for their Portland-based, quick-service, health food restaurants.
On The Rocks Beer, Wine & Liquor
On The Rocks Beer, Wine & Liquor was the first liquor store established in Grant County, KY. They’ve chosen to launch Fintech’s payment solution to gain valuable insight into their alcohol purchases.
Located in Birmingham, AL, The Elyton Hotel is part of Marriott International’s Autograph Collection of boutique hotels. They are now using Fintech to simplify alcohol payment and invoice reconciliation processes for all of their locations.
195 New Fintech Distributors and Suppliers
In the fourth quarter, 195 distributors and suppliers adopted Fintech to improve operational efficiencies and maximize revenue growth through automated, on-time payment collection, strategic sales resources, and effective communication tools. Fintech has developed a platform for distributors of all sizes – including craft brewers, small-batch distilleries, boutique wineries, and the nation’s largest beer, wine, and spirits wholesalers. Distributors and suppliers who enrolled in Fintech in the fourth quarter include:
In November, the Utah based Uinta Brewing Co. chose Fintech’s Lilypad solution to drive sales representative efficiency, better communicate with wholesaler partners, and gain insight into their market, allowing them to plan placements more strategically.
Mountain View Winery
A winery, brewery, and distillery all on one property in the Poconos region of Pennsylvania, Mountain View Winery, introduced Fintech to simplify their invoice payment collection and business processes.
Loyalty Liquors offers a premium selection of beer, wine, and liquor. They now use Fintech to automate alcohol payment collection and keep their retailers compliant.
Hye Cider Company
Just outside of Austin, TX, Hye Cider Company offers a unique selection of ciders. They chose Fintech to simplify and streamline their retailers’ alcohol remittance.
To learn more about why these and thousands of other clients nationwide chose Fintech to manage their beverage alcohol business, click here.
Fintech, the leading business solutions provider for the beverage alcohol industry, offers a OneSource® solution for beverage alcohol management built to empower alcohol suppliers, distributors and retailers with actionable data. With decades of industry experience and knowledge, paired with unwavering dependability and trust, Fintech continues to lead the development of technologies built to increase margins and maximize operating efficiencies for anyone who sells alcohol. From product ordering, invoice management and reconciliation, and data reporting, to pricing and promotion communication, sales strategy, payment compliance adherence, and regulatory resource connectivity, Fintech delivers strategic, integrated solutions that connect over 605,000 business relationships nationwide.