> What's New With Folio Exchange?
Folio Exchange announced the addition of a new "FEDocs" Feature in January 2009. This feature allows you to attach key documents such as promotions, adjustment information, or booking changes during the dispute resolution and remittance processes.
Now you can securely include pertinent information without having to leave the Folio Exchange hub - just another way we are streamlining communication between Hospitality partners and making your departments run smoothly.
> Why Folio Exchange?
Cost Savings. Automation. Cost Savings.
Folio Exchange is the only full-cycle billing solution for the hospitality system in the world. Our effortless web-based system delivers immediate, real-time benefits to your accounting department.
- Automate and standardize invoicing and vouchering.
- Streamline reconciliation and dispute resolution.
- Eliminate remittance keying.
- Be paperless from start to finish.
- Save time and money.
- Eliminate manual steps.
- Better your business processes and trading partner relationships.
- Improve management oversight and control.
Folio Exchange has delivered over $200,000 in cost savings by eliminating all the repetitive tasks and errors associated with traditional billing.
Folio Exchange not only eliminates the hassles of traditional invoicing and remittance but reduces the time spent to resolve billing discrepancies, allowing us to work more closely with our wholesale partners.
Keying a large Pleasant Hawaiian Holidays payment used to take six hours but now is fully automated thanks to Folio Exchange. Eliminating the manual effort required to key these large wholesaler payments allows my staff to focus on key business tasks, getting our books closed faster and more accurately.
Folio Exchange not only worked with our legacy systems but they made it easy to get going.
Folio Exchange's solution is unique in addressing the needs of both the hotel and tour operator for a paperless, state-of-the-art invoicing, reconciliation and automatic payment process. Their system has saved us countless hours and allows us to reconcile with our suppliers in real-time. We wish all hotels were on board, and we highly recommend Folio Exchange.
We are a full-scale resort chain servicing all types of groups, wholesalers and corporate accounts. With Folio Exchange we can now see billing issues, rate adjustments and customer inquiries across all sales channels in one easy place.
Even with our unique constraints, Folio Exchange's depth of industry knowledge and flexibility made it easy.

