Folio Exchange delivers
rapid resolution of billing disputes, immediate
accounting efficiencies, and improved profits.
Combining the latest software solutions with powerful
back-end processes and server hardware, Folio
Exchange has already processed hundreds of millions
of dollars of invoices for some of the world's
leading hotels and wholesalers.
Think your IT systems keep you from going paperless
without extensive modifications or expensive upgrades?
Folio Exchange removes those constraints!
Electronic invoices
• No printing or
postage
• Instant delivery to wholesaler
• Complete on-line inquiry & search
tools
Adjust or write-off
invoice amounts directly on the site
• Automatic G/L entry
based on your adjustment codes
• Complete Entry/Post/Void functionality
• System calculates tax impact & G/L
entries if necessary
• Hard or soft warning for entries outside
of current accounting period
Billing Dispute
resolution
• Centralized place
to correspond with wholesaler to resolve billing
discrepancy
• Full Audit Trail - All notations &
adjustments recorded with timestamp and user
id
• Ability to adjust invoice amount if
necessary
Extensive transaction
search capabilities
• Search Invoices
& Payments on any key field
• Summary and rollup screens
Automated entry
of payment receipts
• Wholesaler remittance
electronically loaded into your A/R system
• Able to handle payments across multiple
properties
• Even calculates inter-company journal
entries if necessary
Complete end user
security
• Setup supervisor
posting if desired
• Restrict user access by property
• Restrict user access by wholesaler account
• Grant application & functional rights
as well
