Tampa, FL, July 25, 2019 – Processing $7.9 billion in payments for its beverage alcohol retailers and distributors in the second quarter alone, Fintech continues to solidify its position as the nationwide leader in beverage alcohol management. For nearly three decades, Fintech has provided an integrated platform built to support the success of clients of all sizes. Important developments include onboarding several new retailers, distributors, and suppliers with locations across the country.
This quarter, Fintech added 49,000 new relationships to its overall total, which now exceeds 580,000 processing with over 3,800 alcohol distributors. Notable, long-term Fintech clients including Lucky's Farmers Market, Aramark, TGI Friday's, Sheetz, Cinemark, Shake Shack, and Dollar General continued utilizing PaymentSource® in new locations to control costs, build margins, and grow profits.
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Fintech also welcomed numerous new retail clients attracted by top-notch client service, profit-building analytics, and unrivaled distributor coverage. New clients selecting Fintech’s PaymentSource solution throughout the second quarter included:
The Smith Restaurant
The Smith Restaurant has locations in New York, Chicago, and Washington D.C and consistently ranks in the top ten "most reserved" restaurants in those cities. They chose Fintech last quarter to more effectively manage their beverage alcohol category.
GoPuff is a national, digital convenience delivery service operated from an app that brings items directly to the user's door. In June, they joined Fintech to streamline their alcohol business.
In May, Giant Food, a subsidiary of Ahold Delhaize, implemented Fintech to ensure compliance and simplify the way they purchase alcohol.
Bad Axe Throwing
Bad Axe Throwing has selected Fintech to maximize operating efficiencies and increase profits within their alcohol category. The company has over 35 locations across the country and can be booked for corporate events or special occasions and has walk-in opportunities for smaller groups.
Big Whiskey's American Restaurant and Bar
Big Whiskey's American Restaurant and Bar is a classic, American fare establishment with locations throughout the Midwest. They've chosen to launch Fintech’s PaymentSource to gain valuable insight into their alcohol purchases and strengthen their business.
Split Stop has 10 convenience store locations in South Carolina and Georgia. Now, they're using Fintech to simplify alcohol payment and invoice reconciliation processes for all of their locations.
231 New Fintech Distributors and Suppliers
In the second quarter, 231 distributors and suppliers adopted Fintech to improve operational efficiencies and maximize revenue growth through automated, on-time payment collection, strategic sales resources, and effective communication tools. Fintech has developed a platform for distributors of all sizes - including craft brewers, small-batch distilleries, boutique wineries, and the nation's largest beer, wine, and spirits wholesalers. Distributors who enrolled in Fintech in the second quarter include:
Seventh Son Brewery
In June, the Columbus, Ohio based Seventh Son Brewery chose Fintech's Lilypad Solution to drive sales representative efficiency, better communicate with wholesaler partners, and gain insight into their market, allowing them to more strategically plan placements.
Middle West Spirits
Last month, Middle West Spirits brought their business on board. They've introduced Fintech to simplify their alcohol invoice payment collection and business processes.
Malibu Rocky Oaks Vineyards
Malibu Rocky Oaks Vineyards offers tastings, a wine cruise and award-winning wines at their Malibu estate. They now use Fintech to automate alcohol payment collection and keep their retailers compliant.
Pear Up Cider
Pear Up Cider is distributed throughout the Northwest and was one of the first cideries in the country to exclusively use pears. They chose Fintech to help streamline and simplify their retailers' alcohol payments and purchase management.
Fintech, the leading business solutions provider for the beverage alcohol industry, offers a OneSource® solution for beverage alcohol management built to empower alcohol suppliers, distributors and retailers with actionable data. With decades of industry experience and knowledge, paired with unwavering dependability and trust, Fintech continues to lead the development of technologies built to increase margins and maximize operating efficiencies for anyone who sells alcohol. From product ordering, invoice management and reconciliation, and data reporting, to pricing and promotion communication, sales strategy, payment compliance adherence, and regulatory resource connectivity, Fintech delivers strategic, integrated solutions that connect over half a million business relationships nationwide.