Did you hear? New laws in CA & NV will require all wholesale alcohol deliveries to be paid electronically.
For Retail Store Businesses of All Sizes
Automating Workflows from Receiving to Selling
Accounts Payable & Inventory Automation Solutions
Benefiting single-site operators to enterprise-level businesses.
Trusted by Over 274,000 Businesses
Our Retail Products
Accounts Payable Automation
Automate all your invoice processes for alcohol, goods, services, and supplies. Gain insights with our user-friendly portal, offering comprehensive reporting on all invoice data to safeguard your margins.
NEW MODULE: Expected Cost Analysis
Automatically compare what you would expect to pay for a product against the cost on the invoices you are processing through Fintech
Consignment Selling
Eliminate inventory holding costs and shrinkage with a consignment selling solution. Adapt rapidly to clients’ demand, drive sales growth, and achieve significant cost savings.
Invoice Processing Automation for Retail Businesses
We all share common challenges and best practices, whether you have one location or one thousand.
PaymentSource for Accounts Payable Benefit from Free, Lite, Pro, and Premium levels.
Eliminate Time-Consuming, Complicated 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.
Benefit From Three Ways to Digitize & Standardize Invoice Data
After data is received and standardized, we populate it inside your personalized Fintech portal and can also send it back to you through an integration or daily file.
We ingest invoice data in 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
- By a scan and upload of the paper invoice
Realize Inventory Purchases Quickly
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. Avoid finding yourself behind on data entry with a pile of invoices in front of you and simplify business performance check-ins prior to finalizing period results.
Research Purchase History and Access Insights Easily
Need to find an invoice? It’s in your invoice ‘vault’. Your invoice data is populated into your personalized Fintech portal giving you 15 months of rolling purchase history across all your vendors, suppliers, and alcohol distributors. Here you can also access reports like spend by category or vendor, cost variance and top-product reports for alcohol, and many more.
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 payment of any invoice keeping 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.
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 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
Simplify Governance, Increase Margin Control, and Maintain Store-Level Compliance
Whether you are a small chain, mid-size, or enterprise, easily monitor multiple locations inside a personalized dashboard.
Businesses can easily:
- Pinpoint areas of opportunity to improve purchasing habits
- Compare expected costs to invoice cost across alcohol purchases
- Use purchase order to invoice matching functionality to lower exception rates, and more
Learn more about expanding controls over governance, compliance, and reconciliation across invoice management with ReconSource® and OrderSource®.
More for Mid-size and Enterprise Retail Businesses
Consignment selling with Scan-Based Trading. Only pay for what you sell.
Eliminate Inventory Costs and Shrinkage
With Scan-Based Trading (SBT), you only pay for what you sell, revolutionizing your inventory management. This innovative solution eradicates upfront inventory expenses, reduces surplus stock, and frees up cash that would otherwise be tied up on shelves—allowing you to allocate capital toward growth and enhancing the customer experience. Additionally, SBT effectively eliminates costs associated with shrinkage. By leveraging your POS data, Fintech’s SBT fosters a profitable partnership with your vendors, optimizing inventory management and enhancing your bottom line.
Adapt Rapidly to Customer Demand and Drive Sales Growth
Maximize sales by SKU and location with real-time insights from your POS data. Because you only pay for items sold, you gain the flexibility to respond quickly to changing customer demand. Your supply chain partner can accurately forecast stock levels, enabling swift adjustments—replacing low-performing products with high-demand items—while minimizing the risk of out-of-stocks or excess inventory. This strategic agility will drive your top-line growth and enhance overall profitability.
Achieve Significant Cost Savings
Fintech’s SBT not only eliminates inventory costs and shrinkage but also streamlines labor-intensive processes. Reduce the time spent on receiving, managing, and forecasting inventory, as well as processing invoices and payments. With SBT, all supplier payments are automated and reconciled seamlessly through the Fintech system. This efficiency allows you to focus on what truly matters: driving growth and maximizing profitability.
Get Started Today!
Complete the form to connect with a Fintech team member about our automation solutions.
