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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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FOLIO EXCHANGE ANNOUNCES NEW FEDocs FEATURE

Folio Exchange announces new FEDocs system enhancement.

Palos Verdes, Calif., March 1, 2009 – Folio Exchange, the world leader in back-office hospitality billing solutions, announced the addition of their proprietary FEDocs feature which enables customers to attach documents directly from the system real-time.

"This new feature will be a huge asset to our clients who are doing everything they can to streamline and simplify communication and record keeping in the back-office. With the addition of the FEDocs feature, there is no need to send separate emails with attachments such as promotions records, booking information, notes and other support information. Now those can be added to the reconciliation communication real-time and there is even a time and date stamp so it is clear when, what and to whom the information was sent."

FEDocs is another example of how Folio Exchange is leading the hospitality industry toward the future with innovations and automation to help accounting departments do more with less.

Folio Exchange was founded in 2001 to address the need to streamline back-office billing processes for large resorts and their trading partners with large wholesale, corporate and group bookings. Built from the ground up, their proprietary web-based system delivers significant cost savings and labor efficiencies that are transforming the back office process for the entire hospitality industry.

Clients currently using this new feature include Starwood Hotels Hawaii, Aston Resorts, Outrigger, JALpak, Apple Vacations, Pleasant Holidays and more.

About Folio Exchange:
Folio Exchange is the world leader in full-cycle back office billing solutions. Headquartered in Southern California, their complete "Start to Finish" solution offers paperless invoicing, streamlined dispute resolution, electronic audit trails and automated cash application. Folio Exchange delivers to their customer an effortless billing solution.
Additional information about Folio Exchange is available at FolioExchange.com.