Folio

What Folio is

Folio is a web-based procure-to-pay platform for hospitality teams, bringing purchasing, bills, supplier payments, inventory, and expenses into one service. Its suite includes Buy, Bills, Pay, Inventory, and Expense. Buy offers a shared catalog, current vendor price comparisons, GPO pricing, budgets, and approval workflows. Bills uses AI to transcribe invoices, match them with purchase orders and receipts, route approvals, and sync approved invoices with accounting systems. Pay handles supplier payments and rebates on eligible transactions. Inventory supports counting and valuing stock, with direct ERP syncing; Expense connects additional costs to budgets, approvals, and payments. Folio integrates with accounting systems to sync suppliers, invoices, and payments. Its Lightning Automations connect to supplier websites for catalogs, inventory and pricing, and order confirmation on those sites. The company also announced an enhanced M3 integration for hotel finance teams. Folio describes its customers as hotels, including large enterprises and luxury independent hotels. Pricing is available on request; no public price is stated. Banking products and Folio Visa Corporate Cards are offered or issued by Core Bank, Member FDIC.