Fintech Selected as Smart & Final’s Exclusive Solution for Beverage Alcohol Management
Financial Information Technologies, LLC (“Fintech”), the leading business solutions provider for the beverage alcohol industry, today announced Smart & Final, the smaller, faster grocery warehouse store for household and business customers, has selected them as an exclusive provider of electronic alcohol invoice payments and advanced data reporting. This partnership provides Smart & Final with beverage alcohol management technology that enhances operations across the enterprise’s alcohol purchasing and data reconciliation procedures. Fintech’s industry-leading solution has been implemented in all of Smart & Final’s 256 grocery and foodservice stores in California, Arizona and Nevada.
“We are incredibly proud to have been chosen as a valued business partner of Smart & Final, and we look forward to delivering true strategic solutions that benefit not just their beverage alcohol category, but their business as a whole. Smart & Final joins our network of more than 150,000 alcohol retailers nationwide, and we are honored to provide them with enhanced technology designed specifically to aid in their continued business development,” said Tad Phelps, CEO, Fintech.
“Fintech’s intuitive technology will be beneficial in increasing visibility, improving our alcohol purchase data quality and reducing time and potential errors,” said Bob Wagner, Director Non-Foods & Beverages, Smart & Final. “Fintech has made navigating distributor consolidation and regulatory compliance simple.”
The selection of Fintech comes from a desire to streamline and enhance manual operations for Smart & Final. Fintech’s dedicated payment solution and seamless invoice data integration into Smart & Final’s back-office system, SAP, presents the company with electronic payments and an end-to-end view of their alcoholic beverage purchasing and reconciliation process. The partnership with Fintech alleviates the challenges Smart & Final previously faced and provides a smart solution will scale with the company as it continues to grow.