What is Fintech?

For more than thirty years, Fintech’s PaymentSource has been revolutionizing financial operations within the alcohol sector using cutting-edge solutions for accounts payable (AP) and accounts receivable (AR). The AP automation feature offers insights into 15 months of invoice history, performs cost variance analysis, and simplifies the process of reconciling distributor credits. The newly introduced Premium tier expands these capabilities to encompass all types of goods, services, and supplies, providing comprehensive visibility, effortless vendor integrations, and improved cash flow management—all within an intuitive and easy-to-navigate platform. In terms of AR, PaymentSource enables secure and compliant electronic payments from a vast network of over 250,000 retail and hospitality partners across the country. Distributors can conveniently view invoice information, monitor payment statuses, and directly issue credits through the portal, achieving an average cost reduction of $6.80 per delivery while ensuring compliance across all 50 states. With PaymentSource at their disposal, companies can enhance their financial workflows, minimize errors, and boost overall operational efficiency. This innovative approach not only streamlines processes but also empowers businesses to make informed financial decisions with confidence.

Pricing

Price Overview:
Our pricing is dependent on your business needs. Distributors will pay per invoice and retailers pay per month. Our pricing model is built to fit each business and budget.

Integrations

All Fintech Integrations
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Screenshots and Video

Fintech Screenshot 1
Fintech Screenshot 1 Fintech Screenshot 2 Fintech Screenshot 3 Fintech Screenshot 4 Fintech Screenshot 5 Fintech Screenshot 6

Company Facts

Company Name:
Fintech
Date Founded:
1991
Company Location:
United States
Company Website:
fintech.com
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Video Library
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Supported Languages
English

Fintech Categories and Features

Billing and Invoicing Software

Billing Portal
Customizable Invoices
Invoice History
Online Invoicing
Online Payments
Payment Processing

Automated Invoice Processing Software

Accounts Receivable Software

ACH Payment Processing
Billing & Invoicing
Online Payment Processing

Accounts Payable Software

Approval Process Control
Bank Reconciliation
General Ledger Entry
Vendor Management

AR Automation Software

AP Automation Software

More Fintech Categories

Fintech Customer Reviews

Write a Review
  • Reviewer Name: William J.
    Position: Owner
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 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.
    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.

    Read More...
    Official Fintech Response
    Updated: Jan 29 2025
    Hi William, sounds like you are using our free service to pay for alcohol deliveries. Have you logged into our new portal? This will give you transparency of your payment invoice history even on our free distributor autopay level.
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