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> What's New With Folio Exchange?

Folio Exchange expands to Internet Domain industry Contact us at sales@folioexchange.com for more details today.

Folio Exchange hits the 7 Billion Mark. Folio Exchange completed another successful year processing over $7 billion in invoices and payments. Clients save thousands of dollars and FE continues to set the bar for complete back-office automation.

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Why Folio Exchange?

Overwhelmed by stacks of paper? Sick of wasting time on monotonous tasks? Tired of chasing down billing disputes? Wonder if there is a better way?

Folio Exchange was designed to help hospitality accounting groups slash costs and improve service.

  

If you are looking to improve internal processes and save time and money, Folio Exchange is your solution. Folio Exchange long ago recognized the need for automation and cost savings in the back-office. For years we have been working with clients to automate the entire billing, reconciliation and remittance process, establishing our company as the industry experts in streamlining the data exchange between hospitality trading partners. Here's why:

  • Be paperless from start to finish [open +]
    Make paper invoices and reconciliation tick sheets relics of the past. Throw the sticky notes and dispute logs into the garbage. Ease the load on your fax machine and stop printing emails. Cancel your order for more filing cabinets, and save all the time you are wasting handling all this paper.
  • Eliminate manual steps [open +]
    Traditional billing processes require manual entry and reconciliation at each step from billing to payment. Many businesses have other constraints that add more manual work. Folio Exchange can automate all these processes.
  • Better your business processes [open +]
    If you think your systems, processes, and trading partners have forced you to settle with inefficiencies, think again. Folio Exchange can work within these constraints, letting you do business the way it should be done.
  • Improve your oversight and intelligence [open +]
    Folio Exchange helps your organization meet the latest audit and oversight requirements. All transactions, charges, adjustments, payments, and notes are tracked with a full audit trail. Complete end user security and management reporting tools help you stay on top of your business.
    • No need to search or develop your own system. Let Folio Exchange take the guesswork out of the process for you, make you more efficient and smooth relations with your key trading partners.

      >> Check out a Demo to see How it Works.

       

      Hospitality Providers

      • No more printing, stamping & mailing paper invoices to tour operators.
      • Eliminate custom invoice preparation with our standardized process.
      • Receive automatic notice of errant invoices.
      • Instantly notify trading partners that they have new invoices to review.
      • Your customers see all the folio details in one place 24/7 with self-service inquiry.
      • No more phone calls, faxes, emails and sticky notes.
      • Resolve disputes with customers on line, real-time, instantly.
      • Full transaction details are at your clerks’ fingertips.
      • Clerks can make adjustments or refute an invoice dispute online with customers.
      • Full audit trail includes comments and history so you know exactly when and why adjustments were made.
      • No need to key remittance advice – our system applies it automatically.
      • Rapid dispute resolution combined with accelerated cash application can help you close your A/R on the first day of the month.
      • Reduce short payments by improving invoicing accuracy and dispute resolution time.
      • Get real visibility across the financial supply chain and across all your properties.
      • Conforms to your payment process and links with your G/L
      • Full end user security by roles and responsibilities.
      • Complete audit trail of all activity.
      • Works the same whether you have one property or hundreds.
      • Works with SAP, JDE, Oracle, Peoplesoft and all other Tier 1/Tier 2 accounting systems.

      We deliver service to some of the world's leading Hospitality Providers.
      >> Click here for a list of clients.

       

      Wholesalers and Groups

      • Eliminate repetitive keying of vouchering and payments.
      • Receive instant notification when new invoices have been uploaded by a supplier.
      • Invoices automatically reconciled to what you expect to pay.
      • See all the folio details in one place 24/7 including booking record, supplier invoice, notes & supporting documents.
      • No more phone calls, faxes, emails and sticky notes.
      • Resolve disputes with suppliers on line, real-time.
      • Full transaction details are at your fingertips.
      • Your clerks can make approvals, attach important documents and resolve discrepancies immediately.
      • Full audit trail includes comments and history so you know exactly when and why invoice approvals were made.
      • Quit printing or emailing remittance information with each payment – we deliver it electronically to your vendors.
      • Eliminate errors & confusion about what is paid and outstanding.
      • Get real visibility across the financial supply chain.
      • Full-audit trail allows management control and input.
      • Full end user security by roles and responsibilities.
      • Complete audit trail of all activity.
      • Works the same whether you have one property or hundreds.
      • Works with SAP, JDE, Oracle, Peoplesoft and all other Tier 1/Tier 2 accounting systems.

      We Deliver service to some of the world's leading Wholesalers.
      >> Click here for a list of clients.