Tampa FL – The National Restaurant Association and Fintech today announced their alliance to build awareness and improve purchasing and payment efficiency of beverage alcohol. Through this alliance, NRA and Fintech will be implementing a system of electronic funds transfer payment for purchasing.
“Beverage Alcohol purchasing is an important part of our industry,” said Phil Kafarkis Chief Membership and Innovations Officer. “Through Fintech Analytics we will help educate members to better understand their invoices and their own purchasing. With real time data reports that educate operators on opportunities to save and maximize their purchases, we will educate members about their costs and help improve efficiency in their supply chain. Not only does this partnership help the operator but eliminates costly expenses for the distributor in delivery time and collections.”
Fintech, a leader in providing electronic data and payments to the alcohol industry, has been a strong advocate of the NRA and a participant at their annual tradeshow and convention.
Fintech currently provides service to more than 275,000 retailer distributor relationships nationwide and is the only EFT provider approved by all fifty state alcohol regulatory agencies. With more than 2,200 alcohol distributors utilizing Fintech’s system nationwide, the relationship is a natural fit to support the NRA’s nearly 560,000 restaurant businesses.
The NRA’s partnership with Fintech will also include member access to in-depth data analysis and automated reporting to help operators understand their alcohol invoices and purchasing habits, provide insight into where operators are spending money, where they have the potential to save, best ways to maximize purchases and eliminate costly expenses for the distributor in delivery time and collections.
“I believe this strategic alliance demonstrates a mutual commitment to providing businesses enhanced data and services that will help propel their operations forward, while additionally aiding in the awareness and advancement of the industry. We couldn’t be more excited at the opportunity to work with such a great organization.” said Scott Riley, Fintech CEO.
About The National Restaurant Association
Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 990,000 restaurant and foodservice outlets and a workforce of more than 13.5 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry’s largest trade show (NRA Show May 17-20, 2014, in Chicago); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF’s ProStart); as well as the Kids LiveWell program promoting healthful kids’ menu options. For more information, visit www.restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube.
Fintech, a U.S. Chamber of Commerce Best Business of the Year winner located in Tampa, Florida, provides electronic data and payments to the alcohol industry, eliminating the need to pay alcohol purchases by cash, check, or money order. Fintech now serves over 275,000 relationships in all 50 states.
For more information on Fintech, go to www.fintech.net.