Retailers are always looking for better ways to buy from suppliers while reducing billing and payment overheads. While this might be easy for a small retailer, effective vendor management and supply chain collaboration becomes difficult when you’re d[...]
For retail businesses today, competition is higher, profit margins are narrower, and customers are more informed than ever before. Consequently, retailers around the world are feeling the need to reduce operational and financial risk wherever possi[...]
Today, businesses in all industries are under pressure to reduce risk and eliminate causes of both operational and financial inefficiency throughout the organization. Outdated processes for beer payments, in particular, are a major cause of such inef[...]
In the following years after Prohibition ended 83 years ago, cash, check, and money orders became the standard for how retailers and customers paid for alcohol. Because it took decades until EFT (electronic funds transfer) payments occurred, it's a w[...]
There are many reasons why companies patent their technology. Considering how much capital investment these companies make in researching and developing new products and services, it is essential to apply for patents to protect this investment and th[...]
In the world of alcohol retailers and distributors, online mobile payment systems are giving incumbent “cash and carry” processes a run for their money. Paper-based payments undermine efficiency across distribution channels, creating bottlenecks that[...]
Electronic payment processing, like iControl’s Alcohol Payments, is a great way for alcohol distributors to speed up and simplify their payment processes across their distribution network.
For many retailers, the biggest cause of inefficiency comes down to the way their stock is managed. Poorly managed stock rooms can eat into profit margins, force staff to spend hours dealing with time-consuming administrative tasks, and, ultimately, [...]