How it Works
One Effortless Process
Folio Exchange is a full-cycle, paperless billing and remittance service specifically designed for the hospitality business. Our web-based solution is transforming the industry by seamlessly connecting hotels and resorts with traditional travel wholesalers, tour operators, and more, all with just the click of a mouse.
Full-Cycle Billing in Five Simple Steps:
No more paper, no more hassles. Folio Exchange simplifies the entire invoicing process by gathering all the folio details from the hotel for presentation to the customer at our secure website.
Our unique "automatch" algorithm compares the invoiced amount with expected pay amounts and automatically approves all invoices within the customer's tolerance level.
Folio Exchange automatically flags invoices it suspects are in error both before the hotel presents them and once they have been presented to the wholesaler.
Folio Exchange gives you the freedom of having one centralized place to go to resolve billing disputes. No more staff time wasted hassling with phone calls, faxes and sticky notes. Complete transaction details at your fingertips. Dispute charges online. Adjust billing amounts online. Include key documents and support for any adjustments made, all with a full audit trail.
Folio Exchange replaces the manual effort and customization in how payments are applied for group, airline, wholesaler and corporate accounts with one simple automated solution. Payments are made quickly, securely and efficiently.