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AP Automation for Hospitality Businesses

PaymentSource® Premium

Our Premium offering captures ALL your vendor and distributor line-item invoice data and delivers it seamlessly into your back-office system. This expanded AP automation functionality also allows you to manage all invoices, not just the alcohol ones, in one place – the Fintech portal.

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PaymentSource Premium FAQs

What do I have to do to set up invoice data processing for my non-alc invoices?

All you need to do is provide a list of vendors you would like to move to an invoice data integration with Fintech. We will then work with you to draft a communication email and/or letter you can send directly to your vendor network requesting this change.

After initiating contact with your vendors, our Integration Setup team handles file type selection for data transfer, testing and maintenance of the integration, quality assurance, and turning the integration on so your vendors can send their invoices to Fintech directly.

Once the vendor approves the integration with Fintech, it only takes a few days.

In three convenient ways;

1) Just like we capture your alcohol invoice data from your distributors, we will set up an integration with your non-alc vendors to receive your invoices.

2) If a vendor doesn’t have integration capabilities, they can use our free Invoice Builder tool inside the Fintech portal to create a digital invoice and upload it from there.

3) Our OCR technology allows smaller retail and hospitality businesses to scan and upload non-alc invoices from a mobile device.

We work with close to 300 non-alc vendors today. We will take your vendor list and compare it against who we currently work with and develop a vendor rollout plan.

All invoice line-item data is standardized and coded according to your preferred GL codes, sent to your back-office system, and populated in your personalized Fintech portal, providing one source of truth for all your vendor invoices.

After we ingest the invoice data and apply your GL codes, the data is delivered to your back-office system in a daily file through your integration with Fintech. You can also receive the daily file via email and upload it into your back-office system.

We are experts in integration management with decades of experience. We currently ingest data from over 250,000 invoices daily.

That’s up to you – you have complete control of how you pay your non-alc invoices. You are not required to pay your non-alc invoices through Fintech and can use us for invoice data processing only.

Yes. Your personalized Fintech portal acts as an ‘invoice vault’ housing 15 months of rolling digital invoice history.

Testimonials from Our Clients

"We use Fintech’s PaymentSource to automate invoice data entry from 43 vendors. Fintech receives the invoices, standardizes the data, and sends all the data to our back-office system through an integration in one daily file. Today that’s data from 7,500 invoices monthly received without manual entry mistakes. Once we add a few more vendors it will be close to 9,000 invoices monthly. This automation saves our Pricebook Management and Internal Auditing teams 10-15 hours every week in each department, not to mention the hours saved for our AP team."
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Pam MIller
Operations Controller, Sprint Mart,
97 Locations

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