Fintech has become an integral part of our business and has given us visibility into how our operators purchase alcohol. The custom reports we receive have improved our alcohol reconciliation process and have helped us, coach managers, to purchase for the maximum discount, correct overages, and receive credits for charges that could have gone unnoticed. The return on investment was immediate, and it has helped us save time and money.

First, let me say, you and your team over at Fintech have been doing a phenomenal job at getting our customers set up for EFT. I realize what an undertaking it is, and I marvel at the skills and efficiency of the Fintech team for pulling off this enormous task.

We use Fintech’s PaymentSource to automate invoice data entry from 43 vendors. Fintech receives the invoices, standardizes the data, and sends all the data to our back-office system through an integration in one daily file. Today that’s data from 7,500 invoices monthly received without manual entry mistakes. Once we add a few more vendors it will be close to 9,000 invoices monthly. This automation saves our Pricebook Management and Internal Auditing teams 10-15 hours every week in each department, not to mention the hours saved for our AP team.

Fintech has helped streamline our ordering and record-keeping process. Prior to coming on-board, we were managing accounts across 4 major distributors - each with a different delivery schedule and invoicing system. Fintech keeps things tidy in the backend by providing a centralized location for billing and order records, saving our accounting team time and energy.

Accounting departments love using Fintech. Its line-item integration into different systems make invoice and data tracking simple. Fintech can take invoices with mixed payment rules, for example if there is a 30-day payment processing rule for beer and wine but cash-on-delivery for liquor, and pay them accordingly and automatically. Its master login for all accounts is a game changer. I honestly don’t see a downside.

The solutions provided by Fintech have become invaluable for World Wide Wings, and part of our daily beverage alcohol management routine. We don’t have to think twice about our store’s compliance, we save money and order more efficiently. Whether I operated 66 locations or one, I will always be a Fintech user.

Choosing Fintech to help manage our beverage alcohol category was such a simple decision. They provide a convenient system that’s easy to implement when opening new locations and the service after sale has been fantastic. There are many factors that go into beverage alcohol management, from proper invoice reconciliation to liquor law compliance, and Fintech takes the headache out of all of it. Simply put, using Fintech is a no brainer!

Managing multiple locations across the country can be challenging, especially when having to wait for each invoice to be manually entered by our managers. PaymentSource® speeds up this process by allowing our managers to simply scan and upload the invoices into one portal for review and payment approval. All invoice data is transmitted into Compeat, automating our inventory management, and saving hours on invoice data entry.

I recommend Fintech for any business looking to save time and streamline operations. The platform is a powerful tool for reducing manual effort and improving operational efficiency across multiple locations. The ability to easily manage invoices, avoid errors like lost checks, and save valuable time is a game changer.

If we need to have a sale on a SKU that isn’t moving, or increase stock levels at certain locations, Fintech insights are very helpful. For upper management, they can easily see what items are more relevant to
certain areas.

After switching to Fintech, we no longer had to write checks. Instead, we started using ACH withdrawal, which significantly reduced the time I spent on accounting. With each debit transaction, the name of the distributor is clearly shown, making reconciliation a breeze. Overall, Fintech has improved both productivity and efficiency across my business.