Fintech B2B Invoice and Payment Automation
Fintech helps retail and hospitality operators manage their procure-to-pay process. It is designed for teams needing to automate regulated alcohol payments and sync invoice data with back-office systems.
At a glance
- Category
- Finance & Accounting
- Best for
- Retail stores, Hospitality businesses, Alcohol distributors and suppliers, Accounting firms servicing retail and hospitality, Enterprise retail operators
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Automating AP Workflows, Alcohol Compliance Management, Spend Analysis, Inventory Cost Control
- Integrations
- EDI, API, CSV, NetSuite, Microsoft Dynamics
- Official website
- fintech.com
Fintech is a B2B automation platform designed for invoicing and payments in the retail, hospitality, and alcohol sectors. It helps move invoice data from vendors and distributors into a company's financial records to reduce manual entry.
The tool is designed for a range of users, from single-site operators to enterprise-level retail stores, as well as bars, restaurants, hotels, and alcohol suppliers. It supports the ingestion of invoice data, which is then standardized and GL coded before being synced to back-office systems.
Beyond data entry, the platform supports electronic payments, including workflows for state-regulated alcohol invoices to help maintain legal compliance. It also includes spend reporting and a scan-based trading model that may help retailers manage inventory costs.
Buyers should confirm that their specific back-office system is among the managed integrations or that the available EDI, API, and CSV options align with their current accounting workflow.
Key Features
Captures invoice data from distributors and vendors via EDI, portal uploads, or quick-capture scanning.
Converts various invoice formats into a standardized format and applies GL coding to product records.
Supports alcohol invoice payments via EFT based on state-regulated laws and payment terms.
Provides analytics including Cost Variance, Product Analysis, and Vendor Analysis to track spending trends.
A retail model that uses POS and delivery data to help manage inventory and reduce shrink.
Provides a secure portal with 15 months of searchable invoice history for tracking and retrieval.
Use Cases
Supporting the transition from manual data entry to automated invoice ingestion and GL coding.
Processing regulated alcohol payments via EFT to help ensure compliance with state-specific laws.
Using reporting tools to identify cost variances and analyze vendor performance across locations.
Using scan-based trading to track POS data, which may help reduce upfront inventory carrying costs.
Best For
Integrations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
Fintech automates the capture, standardization, and GL coding of invoice data and supports electronic payments for goods, supplies, and regulated alcohol.
The platform is designed to automate alcohol invoice payments via EFT based on the terms of the invoice to help businesses stay compliant with state-regulated laws.
Yes, Fintech manages over 1,200 integrations and supports data exchange via EDI, API, and CSV formats.
SBT is a retail model that helps businesses manage inventory by utilizing POS and delivery data, which may help reduce shrink and reduce upfront inventory costs.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
