Your one-stop resource for the latest news and trends within the beverage alcohol industry
It’s 2024 – and many businesses still rely on paper checks for B2B payments. Traditional manual accounts payable (AP) and accounts receivable processes (AR) clog up key commercial transactions, especially in the alcohol industry, where there are issues of compliance with state regulations and repetitive manual processes with
In today’s ever-evolving business landscape, the efficient management of invoices is a cornerstone for success, especially in industries involving the sale of alcohol. With the number of invoices coming in from a variety of alcohol distributors, managing those invoices quickly becomes a daunting task. Effective invoice management has
2023 showed some positive trends in the restaurant space in multiple segments. Mastercard recently hosted a webinar diving into some of these areas using its SpendingPulse™ insights. SpendingPulse is a “macroeconomic indicator of retail sales based on actual, near real-time data across various sectors.” Let’s review some of
Erik Schaeffer (Manager, Regulatory Affairs) contributed to this blog. Today marks 90 years since the 21st Amendment was ratified, repealing the 18th Amendment and paving the way for the modern three-tier system and alcohol regulatory framework. The end of Prohibition allowed states to begin adopting their own laws
Brothers Glenn and Gary Sutch opened Coco’s Crush Bar in Clearwater Beach after more than 30 years in the hospitality and entertainment industries. Home of the Orange Crush, Coco’s has made waves in the area with a fantastic seafood menu, live music, and signature-crafted cocktails. They have expanded
What were the most common themes for alcohol bills that passed in the 2023 legislative session? Drinks-to-Go Five state legislatures made drinks-to-go privileges permanent this year. Connecticut, Hawaii, Maine, Michigan, and Washington all codified the temporary to-go privileges that originated from the 2020 pandemic. The five states have
The holiday season is a busy time for the hospitality industry, with an influx of customers looking to celebrate and create lasting memories. However, as the demand for services and staff escalates, many establishments face the challenge of labor shortages. To combat understaffing and ensure a smooth operation
The partnership between Fintech and Sculpture Hospitality leverages over three decades of industry experience from both companies that support bars and restaurants in the hospitality sector. By integrating Fintech’s PaymentSource® with Sculpture’s solutions, retailers gain access to a range of benefits that simplify alcohol inventory and management. Here
The alcohol industry has come a long way from traditional bartending, pickup truck deliveries, and cash transactions. Technological advancements continue to disrupt and transform how alcohol is ordered, purchased, served, and enjoyed. These alcohol technology solutions can optimize workflows, create margin-protecting opportunities, and more. In this blog, we
There is a rising star in the convenience store alcohol market – boxed wine. As of Q3 2023, boxed wine now accounts for 10.59% of total wine spending, up from 8.53% in Q4 2022. This growth underscores its popularity among consumers. Fintech’s data insights can help convenience store
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