iControl Data Solutions (iControl), the process improvement and business insights provider, has announced a partnership with Topco Associates, LLC to offer Topco's members and customers an Alcohol Payments Solution.
Historically, alcohol payments had been an area where retailers in 30+ states had to pay cash on delivery for beer, wine, or spirits. With a recent shift in the industry, iControl's solution will allow retailers to facilitate alcohol payment transactions electronically.
Greg Magrisi, Vice President of Sourcing, Topco Associates, LLC, stated, "Our new partnership with iControl allows us to provide a new or alternative alcohol payment solution to our members and customers. The iControl solution not only eliminates cash changing hands at store level but it can provide robust reporting in the areas of credit requests, tracking, invoice discrepancies and more. We are excited to offer a leading edge technology that helps drive out costs, and improves the overall management of our members' alcohol category."
Based in Elk Grove Village, Illinois, Topco Associates, LLC is the largest grocery retail cooperative and one of the largest group buying organizations in the United States. Topco provides business solutions to it member-owners and customers in order to reduce costs and increase operational efficiencies across hundreds of for-resale and not-for-resale commodities.
Tal J. Zlotnitsky, chairman and Co-CEO of iControl, said, "We are thrilled to partner with Topco, and we look forward to providing their membership a more streamlined and cost-efficient alcohol payments solution that will ensure accurate, compliant and secure payments to beer, wine and spirits distributors while driving significant savings throughout the supply chain."
The iControl Alcohol Payment Solution is sourced by Topco's Financial Services team and is available now to Topco's members and customers.