Folio

Spec sheet

Product

Folio is a procure-to-pay platform for hospitality teams to order, manage bills, and pay suppliers in one place.Read 3 Oct 2026 · folio.co

Audience

Folio says its platform is built for hospitality and describes its customers as hotels, including large enterprises and luxury independent hotels.Read 3 Oct 2026 · folio.co

Integrations

Folio integrates with accounting systems to sync suppliers, invoices, and payments; its announced partnership with M3 includes an enhanced integration for hotel finance teams.Read 3 Oct 2026 · folio.co

Support

Folio support is available through in-app messages, email, and text; its most responsive hours are Monday to Friday, 9 a.m. to 6 p.m. Eastern, and phone calls are not supported.Read 3 Oct 2026 · help.folio.co

Headquarters

Durham, North Carolina, United StatesRead 28 Sep 2026 · folio.co

Company

Folio’s own announcement says the company was born after its founders joined forces in 2023, and identifies Folio Services, Inc. as the company name.Read 3 Oct 2026 · folio.co

Bills

Bills uses AI to transcribe invoices and match invoices to purchase orders and receipts, then route approvals and sync approved invoices with accounting systems.Read 3 Oct 2026 · folio.co

Buy

Buy provides a centralized catalog, real-time vendor price comparisons, GPO pricing, budgets, and approval workflows.Read 3 Oct 2026 · folio.co

Expense

Folio Expense ties extra expenses into budgets, approvals, and payments.Read 3 Oct 2026 · folio.co

Free marketplace

Folio says the Folio-powered AAHOA Marketplace is free for AAHOA members to get started.Read 3 Oct 2026 · folio.co

Inventory

Folio Inventory helps teams count and value inventory and sync it directly with their ERP.Read 3 Oct 2026 · folio.co

Pay

Folio Pay lets customers pay suppliers and earn rebates on eligible transactions.Read 3 Oct 2026 · folio.co

Products

Folio’s product suite includes Buy, Bills, Pay, Inventory, and Expense.Read 3 Oct 2026 · folio.co

Security and banking

Folio Services, Inc. says it is a financial technology company, not a bank, and that banking products and Folio Visa Corporate Cards are offered or issued by Core Bank, Member FDIC.Read 3 Oct 2026 · folio.co

Supplier connections

Folio’s Lightning Automations connect directly to supplier websites and provide supplier catalogs, real-time inventory and pricing, and order confirmation on the supplier site.Read 3 Oct 2026 · folio.co

Plans and prices

Every Folio plan and price →

Where Specifiction places it

• Procure-to-Pay Software#13 of 247.3
• Restaurant Expense Management Software#19 of 307.3