Are You Maximizing Your Revenue Potential in your Beer Coolers?

 

December 2017

 

Selling beer is important to your business, and is one of the best traffic drivers in the convenience store industry offering greater market basket opportunities.  The alcohol options on your shelves matter, and are also critical to moving product timely and increasing profit margins. You're tasked with deciding what products are best for your business, and these choices can make all the difference.

 

One of the most challenging parts of maintaining a desirable beer selection is to know what consumers are buying in your area, and adjusting your inventory based on market trends.  A recent study, brought to you by Fintech's InfoSource™, has identified a list of established beers growing across the country. These beers have shown positive growth in 2017 over 2016.  Which of these beer brands are you selling today?

 

Click here for InfoSource regional trends across the country.

 

In today’s world of diverse beer drinkers, ranging from big brand loyalists to microbrew connoisseurs, a combination of mainstream and smaller batch brews are necessary in keeping your business fresh and competitive.  Knowing what brands are trending paired with understanding your own purchasing habits are key to making the best product decisions to fill your cooler space.

 

Beverage alcohol management solutions, like industry leader Fintech® can help you evaluate your own alcohol purchase data and empower you with information to make smarter choices when stocking your shelves.  Fintech delivers cutting-edge, strategic solutions that range from purchase order, reconciliation, and data reporting, to price book management, payment compliance adherence, and regulatory resource connectivity.

 

When you become a member of RBG, you are entitled to a FREE 30 day trial and exclusive pricing of this OneSource® solution, so you can experience the benefits of Fintech’s full beverage alcohol management suite. Contact RBG today to learn how you can become a member and partner with Fintech at 888-728-3724.

Streamline Your Alcohol Purchases, Maximize Profits

 

September 2017

 

These days selling alcohol is what’s expected from many convenience store operators. Whether it's coming in to grab a case of beer or stocking up for a get together - the alcohol options in your store can be a critical piece of your profits.

 

Unfortunately the hardest part about maintaining your alcohol inventory is purchasing your products and many store managers don't realize there are simpler, more streamlined ways to restock inventory, pay invoices, and ensure they're getting the best price for their products.

 

Aside from the burden of ensuring invoices are paid on time and according to your state alcohol regulations, convenience store operators often deal with numerous complications with alcohol purchases including:

 

• taking time away from customers to manually write checks or obtain money orders for deliveries

• time consuming manual entry of invoices and searching for price discrepancies

• being placed on the state black/cash list for late or non-payment

• missing valuable credits and navigating problematic reconciliation processes

 

There are several ways to combat these problems, but the most immediate solution is to start automating purchases with electronic payments.  Solutions like industry leader, Fintech, streamline your beverage alcohol business and increase your operational efficiency by solving operational difficulties such as:

 

• no more cash, checks, or money orders needed for alcohol payments

• no more manual entry of invoices

• no more missed payments, keeping your store(s) off the black list

• no more lost invoices with access to payment data online

• no more lost time spent with customers

 

Electronic payment also alleviates several manual processes that convenience stores face on a weekly and sometimes daily basis, such as inventory control, accounting, and cost analysis.

 

Through Fintech’s partnership with RBG Club Services, users are entitled to a FREE 30 day trial and exclusive pricing of this OneSource® solution for your alcohol purchases.