Fintech Description
For over three decades, Fintech's PaymentSource has been transforming financial processes in the alcohol industry with innovative solutions for accounts payable (AP) and accounts receivable (AR). Its AP automation includes 15 months of invoice history, cost variance analysis, and simplified distributor credit reconciliation. The new Premium tier extends these tools to cover all goods, services, and supplies, delivering complete visibility, seamless vendor integrations, and better cash flow management—all within a simple, user-friendly platform. For AR, PaymentSource facilitates secure, compliant electronic payments from over 250,000 retail and hospitality partners nationwide. Distributors can access invoice details, track payment statuses, and issue credits directly through the portal, cutting costs by an average of $6.80 per delivery while maintaining compliance across all 50 states. With PaymentSource, businesses can streamline financial workflows, reduce errors, and maximize efficiency.
Pricing
Integrations
Company Details
Product Details
Fintech Features and Options
Billing and Invoicing Software
Accounts Payable Software
Accounts Receivable Software
Fintech Lists
Fintech User Reviews
Write a Review-
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Mixed bag - not worth it Date: Jan 07 2025
Summary: In general, paying with a check was easier and less prone to errors. I'm probably going to stop using Fintech to pay invoices and will only use it to get paid by those customers who demand it.
Positive: The only good point that I can think of is that I consume less checks and have to get them printed less often.
Negative: Requires two accounts if you both "get paid for " and "pay" invoices.
Read More...
No transparency in distributor auto pay of what invoices got combined.
Mistakes are made often by suppliers on deposits/returns, paying with a check never had these issues.Fintech Company Response
- Previous
- You're on page 1
- Next