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Retail Accounting Services
Fintech

Fintech


Did you know that there is a better way to pay for your alcohol purchases? SUPERVALU®'s Retail Accounting Services has partnered with Fintech, the premier provider of electronic funds transfer (EFT) for the alcohol industry. Fintech is approved by all 50 states and the ATF, facilitating over 210,000 nationwide relationships between distributors and retail locations.

Fintech OneSource electronic data and payment solution enables retailers to pay alcohol distributors electronically, rather than with cash, check, or money orders. This unique service provides you with a flexible and easy solution that works in conjunction with your existing financial systems and software. With Fintech's FTX web-based interface system, you can send, receive, approve, and/or dispute all of your alcohol invoices in just one place.

    How Fintech works
  • Retailer places order with distributor
  • Distributor delivers product
  • Retailer checks in delivery
  • Distributor sends invoice information to Fintech
  • Fintech validates distributor
  • Fintech initiates ACH draft for payment according to terms
  • Invoice and draft information are available to retailer

Benefits of Fintech:

  • Save time and money, while increasing your security and preventing fraud and loss.
  • Recover pre-paid escrow deposits from your vendors.
  • Reduce delivery times by an average of 15 minutes per delivery, getting delivery trucks out of your parking lot quicker.
  • Receive electronic invoicing with line-item detail reporting.
  • Ensure proper compliance-all invoices are paid according to state regulations.

More Information?

For more information about how SUPERVALU's partnership with Fintech can save you time and increase your security, contact the Retail Accounting Services group: