About
Fintech is a specialized B2B financial automation platform with 35 years of industry experience, purpose-built for retail stores, hospitality businesses, alcohol distributors, suppliers, and vendors. Its flagship product, PaymentSource®, enables businesses to automate alcohol and general invoice payments, standardize invoice data, apply GL coding, and sync financial records directly into accounting systems—all from one centralized hub. For retailers and supply chain partners, Fintech offers a Scan-Based Trading (SBT) module that manages shared inventory data, automates payments, reduces shrink, and eliminates out-of-stocks by giving both parties real-time visibility into inventory levels. The platform also features price book and order management automation to replace slow, error-prone manual processes with fast, reliable end-to-end workflows. Fintech integrates with a wide ecosystem of accounting and ERP software, making it easy for existing businesses to adopt without overhauling their current tech stack. It handles the complexity of alcohol regulations across U.S. states, a major pain point for distributors and retail buyers in the beverage industry. The platform is ideal for accounting firms, multi-site retail operators, enterprise hospitality groups, breweries, wineries, distilleries, and wholesale distributors seeking to reduce accounts payable overhead, improve cash flow visibility, and scale procurement operations efficiently.
Key Features
- PaymentSource® Invoice Automation: Automates invoice data capture, GL coding, standardization, and payment for goods, services, and alcohol purchases across all vendor relationships.
- Scan-Based Trading Hub: Shared inventory data and automated payments between retailers and supply chain partners, reducing shrink and eliminating out-of-stocks.
- Alcohol Compliance Management: Handles the complexity of U.S. alcohol regulations and multi-tier transactions for breweries, distributors, and retail buyers.
- Order & Price Book Automation: Replaces manual order management and price book updates with automated, reliable workflows to accelerate the procure-to-pay cycle.
- Accounting & ERP Integrations: Syncs invoice and payment data directly into popular accounting and ERP platforms via a broad software integration ecosystem.
Use Cases
- A multi-site retail chain automates AP invoice processing and GL coding across dozens of vendor relationships, eliminating manual data entry.
- A bar or restaurant uses PaymentSource® to pay all alcohol invoices automatically and stay compliant with state beverage regulations.
- An alcohol distributor manages price books, order submissions, and payment reconciliation with retail partners through a single platform.
- A brewery or winery uses Fintech to streamline wholesale billing, track payments from distributors, and reduce accounts receivable overhead.
- An accounting firm serving hospitality clients connects Fintech to sync invoice data directly into client accounting systems, reducing month-end close time.
Pros
- 35 Years of Industry Expertise: Deep domain knowledge in alcohol distribution, retail, and hospitality makes the platform highly specialized and regulation-aware.
- Massive Scale & Proven Reliability: Trusted by 320,000+ businesses and processing 57 million invoices annually demonstrates enterprise-grade reliability.
- Free Entry Point for Retailers: Retail and hospitality businesses can create a PaymentSource® account for free, lowering the barrier to adoption.
- End-to-End Workflow Coverage: Covers the full order-to-pay lifecycle—from purchase orders and price books to invoice capture, payment, and reconciliation.
Cons
- Niche Industry Focus: Primarily designed for retail, hospitality, and alcohol supply chain businesses—may not suit companies outside these verticals.
- Limited Public Pricing Transparency: Detailed pricing for premium tiers and distributor/vendor plans requires contacting sales, making cost comparison difficult upfront.
- U.S.-Centric Compliance Features: Alcohol regulation tools are focused on U.S. state laws, limiting utility for international businesses in the beverage sector.
Frequently Asked Questions
What is Fintech's PaymentSource® and who is it for?
PaymentSource® is Fintech's core product that automates invoice data capture, GL coding, and payments for retail and hospitality businesses. It handles payments for goods, services, and alcohol invoices, and retail/hospitality businesses can sign up for free.
Does Fintech handle alcohol compliance and regulations?
Yes. Fintech specializes in the complexity of U.S. alcohol transactions across the three-tier system (supplier, distributor, retailer) and monitors alcohol regulations and legislation throughout the country.
What is Scan-Based Trading (SBT) and how does Fintech support it?
Scan-Based Trading is a supply chain model where suppliers retain ownership of inventory until it's sold. Fintech's SBT hub provides shared inventory data, automated payments, and partnership management tools so retailers can eliminate carrying costs and reduce out-of-stocks.
What accounting systems does Fintech integrate with?
Fintech supports a broad integration ecosystem with accounting and ERP platforms. Specific integrations can be explored via their Integration Ecosystem page on the website.
How many businesses use Fintech?
Fintech is trusted by over 320,000 businesses, including 311,000 retail and hospitality locations and 9,200 distributors, vendors, and suppliers, processing 57 million invoices annually.
