How does the Fintech process work?
When the driver delivers product, the retailer checks in the delivery, ensuring the printed invoice accurately reflects the delivered product. The Distributor sends the invoice information electronically to Fintech. Fintech sends payment instructions through the banking system according to the invoice due date so as to ensure the payment will be in the distributors account by the invoice due date. This ensures that the distributor will receive the funds on time and that the regulations of payments for alcohol are adhered to on time, every time.
