Folio is a financial operations platform for the hospitality industry, founded in 2023. It provides a procure-to-pay system that connects hotels, their suppliers, and finance software. The company's product suite addresses the full cycle of a hotel's back-office financial tasks, from ordering and inventory to payments and expense management.
The platform includes several modules. Buy facilitates ordering from approved vendors. Bills uses artificial intelligence to process invoices, a tool the company states can save teams up to 40 hours weekly. Pay handles secure supplier payments, while Inventory manages stock counting and syncs data with ERP systems. Expense provides corporate cards with spending controls.
Folio's team combines expertise in financial technology with direct experience in the hospitality sector. The company serves hundreds of hotels and reports delivering double-digit cost savings for its clients.
