Your one-stop resource for the latest news and trends within the beverage alcohol industry
Alcohol distributors are constantly looking to increase their footprint by adding new retail locations to their routes. Distributors using Fintech know the cost savings and efficiencies created with each retail location introduced to the platform. But did you know Fintech has made the enrollment process even easier with
The American Hotel and Lodging Association [AHLA] is anticipating hotel-generated state and local tax revenue to hit $46.71 billion nationwide by the end of the year. AHLA projects the national hotel occupancy rate to hit 63.8%, just shy of 2019’s 65.9%. Labor shortages are still expected as hotels
Fintech will be a sponsor at Vibe Conference 2023 in San Diego on February 27 – March 1. You can catch us at the Technology Showcase, which will be open throughout the conference. From the Vibe Conference agenda: “Immerse yourself in the latest technology taking over the beverage
The Michigan Liquor Control Commission’s mandate requiring electronic funds transfer (EFT) payment for all beer and wine distributors is just weeks away. Hotels, restaurants, and bars must set up automated EFT payment capabilities before the March 31 deadline to avoid interruptions with their alcohol deliveries. Hotels, restaurants, and
Big news! Last week, on January 19, the Michigan Liquor Control Commission issued ADMINISTRATIVE ORDER NO. 2023-01, requiring all wholesale beer and wine deliveries to retailers to be paid by electronic funds transfer (EFT). The requirement will go into effect on March 31, 2023, following a similar
Staffing issues? Tell us about it! If your business is dealing with labor shortages, increased wages, and unreliable employees, it can be daunting to try and maintain a positive customer experience because you are bogged down with time-consuming manual tasks. A recent survey of on-premises retailers asked
Alcohol businesses thrive with proper inventory and invoice management. These two procedures are important to help ensure your alcohol investment yields a positive return and keep your monthly P&L statements accurate and balanced. Maintaining these important functions typically starts with someone manually entering alcohol invoice information into their
Alcohol businesses are required to pay for deliveries according to state regulatory laws. Payment terms typically mandate: COD (cash on delivery), meaning payment for the alcohol is made at the time of delivery or; Payments on specific dates of the month (for example, the 15th and 30th) or;
Streamline Alcohol Invoice Payments with the Leading Technology Provider for the Bev Alc Industry PaymentSource® is a smarter way to manage your alcohol by transforming manual processes into automated invoice payments and seamless alcohol data integrations that not only save time but also grow your bottom line. With
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