Your one-stop resource for the latest news and trends within the beverage alcohol industry
This is a guest blog from our friends at The Fork CPAs. Electronic Data Interchange (EDI) integration facilitates the communication of information and documents like invoices, credit notes, and payment information between businesses. Setting up an EDI integration between your restaurant’s inventory/POS and/or accounting system and your vendors
Whether you operate a boutique bed and breakfast or a large hotel with hundreds of rooms, task management is a vital component of labor, cost and time efficiency. Complete resource and efficiency optimization is an endless pursuit when operating a hospitality business, but there is a tool that
Convenience stores are showing some interesting signs of growth according to a report from Circana. Their data puts the YOY (year-over-year) convenience channel dollar sales growth at +4.7% in Q1 2023. It was previously sitting at +3.4% at the end of Q4 2022, so this positive trend
Businesses receive many invoices, especially those in the hospitality industry. It can be overwhelming seeing the stack of paper invoices in your back office get higher and higher. Many alcohol deliveries are COD, requiring paper checks to be given to distributors at the time of delivery. This dated
If it hasn’t already blipped on your radar, you might be interested to know that the Michigan Liquor Control Commission recently launched a modernization effort that is the first of its kind in the United States. The Commission issued an Administrative Order to require electronic payments for all
You already know Fintech for its contributions to optimizing the three-tier system through automated alcohol invoice payments. With Fintech, invoice payments are made on time, every time, and businesses also enjoy seamless line-item data integration into their back-office system. Now, we are excited to bring those time-saving capabilities
The National Advisory Group (NAG) for Convenience Retail is hosting its 2023 Conference in Austin, TX, from March 26-29. Fintech is a proud conference sponsor, and Mark Kimber, Chief Revenue Officer, and Eric Flores, Director of Enterprise Sales, will be at our booth demonstrating how Fintech leverages your
Fintech values our relationships with alcohol distributors and their role in the three-tier system. One of our distributor partners, Adams Beverages, is a family-owned and operated Anheuser-Busch wholesaler that started in Dothan, Alabama, in 1937. Eric Kiser, Vice President of Distributor Strategy at Fintech, recently traveled to Alabama
If you didn’t read our first MI Administrative Order blog, this one will discuss how both alcohol distributors and the retailers they deliver too benefit from this new state order. The buzz around Michigan has been all about a new order implemented by the Michigan Liquor Control Commission.
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