Overview

Folio provides a financial operations platform tailored for the hospitality industry. It offers three main products: Folio Buy, a centralized marketplace that lets hotel operators order from approved vendors; Folio Bills, an AI-powered invoice processing system that automatically matches invoices, routes them for approvals, and handles the workflow; and Folio Pay, which speeds up supplier payments via virtual cards and ACH. The platform consolidates procure-to-pay tasks to boost profitability and financial visibility while reducing back-office work. Folio differentiates itself by (a) focusing specifically on hotels and hotel management companies, (b) using AI to automate invoice processing and routing, and (c) turning accounts payable from a cost center into a potential revenue driver through monthly rebates on eligible supplier payments. The company's goal is to help hoteliers improve cost control and financial insight while scaling adoption across the hospitality sector.