Folio Exchange
How It Works
Technical Specifications of Folio Exchange
Technical Specifications of Folio Exchange for Hotels
Benefits of Folio Exchange for Wholesalers
Folio Exchange
Features For Wholesalers
Folio Exchange delivers rapid resolution of billing disputes, immediate accounting efficiencies, and improved cash flows and 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? We remove those constraints!

 

Electronic invoices

• Automatically entered into your A/P system
• Complete on-line inquiry & search tools

Electronic Bookings

• Folio Exchange shows your bookings on-line
• Complete search & lookup capability
• Billed/Paid status – shows if invoice received for a booking

Automated invoice review & approval (Auto-match)

• Folio Exchange will automatically compare the invoiced amount with your bookings
• All Invoices within your tolerance level approved for payment
• All Invoices outside your tolerance level flagged for review

Billing Dispute resolution

• All Invoices not approved during automatic matching sent to billing dispute review
• Centralized place to correspond with Hotel to resolve billing discrepancy
• Full Audit Trail - All notations & adjustments recorded with timestamp and user id

Extensive transaction search capabilities

• Search Invoices & Payments on any key field
• Summary and rollup screens

Electronic payment remittance

• Payment remittance details electronically sent to Hotel
• No printing or posting of payment details

Complete end user security

• Setup supervisor posting if desired
• Restrict user access by hotel chain
• Grant application & functional rights as well

On-line reporting tools with Adobe Acrobat

• Aging reports
• Statements
• Custom reports
 
 
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