Denver, CO - Tuesday, November 15, 2005 - Folio Exchange, the world leader in innovative back office solutions for the hospitality industry, announced their Web Billing module for general release first quarter 2006. This additional application will enable hotels on the Folio Exchange system to process all their Accounts Receivable electronically using their existing Folio Exchange connection.
“Our hotel clients wanted to expand the benefits of Folio Exchange to all their customers -- not just the large wholesalers currently on the Folio Exchange network -- so we developed the Web Billing application,” said Joseph Bollinger, a Principal of Folio Exchange.
“Web Billings allows groups and smaller wholesalers to review, dispute, and pay their invoices directly on-line with Folio Exchange, using only an internet browser. Web Billing is a true Win/Win for both hotels and their credit customers.”
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.
