Denver, CO - Monday, May 2, 2005 - Folio Exchange, the world leader in innovative back office solutions for the hospitality industry, announced today that Hyatt Waikiki Beach has begun using its Back Office solution to handle its billing and remittance needs. Folio Exchange was able to use its flexible connection points to work within Hyatt's system and accounting constraints to deliver a solution that requires less time preparing invoices and applying payments, while tracking all disputes in its centralized, online dispute resolution tool.
“Processing Hyatt invoices has become a lot easier,” said Mr Tamaki, Vice President of Jalpak International, one of the world's largest wholesalers.
“Folio Exchange helps us truly collaborate with partners like Hyatt, freeing us from the paper and hassles associated with typical paper-based processing. It is truly a Win/Win solution.”
About Folio Exchange
- Folio Exchange provides innovative products and intelligence to solve the travel industry's toughest back office problems. Folio Exchange provides people and products that can help you connect your systems, your people, and your partners to get rid of all the paper and all the manual processes in your back office.
As of November 1, 2005, Folio Exchange manages electronic billing and remittance processing for leading hospitality firms around the world like Hyatt Hotels & Resorts, Outrigger Hotels & Resorts, Pleasant Holiday, American Airlines Vacations, and Jalpak International. Statements in this article or any other release regarding performance benefits or savings may or may not apply to your organization. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Folio Exchange services should make their purchase decisions based upon features that are currently available.
