The Fintech Blog
Your one-stop resource for the latest news and trends within the beverage alcohol industry
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
Data is a fantastic resource for businesses throughout each tier of the alcohol industry. Each alcohol invoice transaction yields new rich data sets, but making sense of those sets is where the real work lies. This is where data aggregation can help. Aggregating your alcohol purchase data can
Even with the COVID-19 pandemic squarely in our rearview mirror, the on-prem alcohol industry continues to enjoy the expansion of retail privileges that were accelerated by modifications born from the pandemic. What were once emergency allowances to allow alcohol to be served outdoors on sidewalks and in
Kerry Group, a multinational public food company, recently developed two plant-based processing aids as part of its “Eco Range” collection. The collection offers brewers innovative solutions to reduce their environmental impact while still being able to create artfully crafted beer. These two aids – Biofine Eco and
According to the Distilled Spirits Council of the United States (DISCUS), the U.S. spirits market share has overtaken beer. From 2000 to 2022, the spirits revenue market share has gone from 28.7% to 42.1%. DISCUS reports that beer has a 41.9% market share. The organization recently held
One of the best things about Fintech is the culture instilled throughout the company. Our Culture Club does a fantastic job of putting together different events that give Fintechers the opportunity to relax, mingle with other departments, and celebrate company milestones. As we are about halfway through
“Working Together – We’re More Than OK!” That was the theme of last week’s National Conference of State Liquor Administrators (NCSLA) annual conference in Oklahoma City. Regulators, counsel for alcohol beverage control boards from across the nation, and other industry representatives gathered to discuss and share ideas
Innovation and expansion are key drivers of success in the dynamic world of business. For bev alc suppliers, staying ahead of the curve means continuously monitoring and assessing market trends before introducing new products in order to meet evolving consumer demands and secure market share. Thankfully, in
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
