Folio Pay

We analyze all verified product reviews as a way to understand and summarize what real users/hoteliers are saying about the product to provide a more accurate and relevant description for buyers than only what vendors provide.

Folio Reviews Analyzed: 0

We analyze recommendations from industry experts who we ask to describe the most valuable features and capabilities of the product as well as key differentiators and what types of hotels the product works best for to extract unique insights and perspective for buyers.

Folio Expert Recommendations Analyzed: 0

While its important to incorporate analysis from verified user reviews and industry experts to create more balanced content, the way a vendor describes their overall company and vision can also shed light on their unique perspective or way of doing business which is why the AI ingests this information as well to add more context to paint a picture of what the company says vs what users and industry experts say.

Folio's Provided Description:

"<p data-start="216" data-end="751">Is a modern, <strong data-start="243" data-end="286">cloud-based payment processing solution</strong> designed to streamline how hospitality and operations teams pay suppliers and manage accounts payable with greater control, efficiency, and financial benefit. As part of the broader <strong data-start="469" data-end="502">Folio procure-to-pay platform</strong>, Folio Pay transforms traditional supplier payments from a manual cost center into a secure, flexible, and rewarding process &mdash; reducing risk, improving visibility, and even generating rebates on eligible spend.&nbsp;</p> <p data-start="753" data-end="1188">At its core, Folio Pay provides <strong data-start="785" data-end="814">an all-in-one payment hub</strong> where teams can schedule and execute supplier payments with complete transparency across orders, invoices, and approvals. Users can choose payment methods that best suit their needs &mdash; including <strong data-start="1009" data-end="1026">ACH transfers</strong> or the <strong data-start="1034" data-end="1074">Folio Commercial Prepaid Mastercard&reg;</strong> &mdash; to ensure suppliers are paid on time and on the organization&rsquo;s own terms.</p> <p data-start="1190" data-end="1549">One of Folio Pay&rsquo;s standout features is its ability to <strong data-start="1245" data-end="1288">earn cash back on eligible transactions</strong>. By paying through the Folio Commercial Prepaid Mastercard&reg;, organizations receive automatic <strong data-start="1382" data-end="1401">monthly rebates</strong> that help offset spend and preserve cash flow &mdash; effectively turning payments into a strategic financial tool.</p> <p data-start="1551" data-end="2018">The platform delivers <strong data-start="1573" data-end="1608">complete visibility and control</strong> over supplier payments, letting teams see payment statuses in real time and manage payables without toggling between multiple systems. Folio Pay integrates tightly with Folio&rsquo;s AI-powered invoice processing and purchasing modules, ensuring that every payment aligns with approved invoices and procurement controls, while maintaining compliance and reducing manual effort.</p> <p data-start="1551" data-end="2018">Additional benefits include <strong data-start="2048" data-end="2074">secure fund management</strong> via dedicated virtual accounts, simplified workflows that eliminate rigid processes, and an intuitive user experience that accelerates adoption. Folio Pay helps finance teams close books faster, improve vendor relationships through timely settlements, and boost financial performance by leveraging automated rebates &mdash; all while reducing administrative overhead.</p>"