Folio Buy

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="271" data-end="706">Is an intelligent, cloud-based procurement solution designed to simplify and modernize purchasing workflows for hospitality, finance, and operations teams. As part of the <strong data-start="456" data-end="489">Folio procure-to-pay platform</strong>, Folio Buy centralizes ordering from approved suppliers through an intuitive, user-friendly interface that eliminates manual work, reinforces compliance, and drives cost savings.</p> <p data-start="708" data-end="1166">At its core, Folio Buy provides <strong data-start="740" data-end="779">smart catalog and vendor management</strong> &mdash; enabling teams to compare vendor pricing in real time, access negotiated or buying-group (GPO) rates automatically, and shop from unified product catalogs without switching between multiple supplier portals. This consolidated marketplace streamlines ordering processes and helps organizations save up to <strong data-start="1086" data-end="1106">6 % on purchases</strong> without extra effort.</p> <p data-start="1168" data-end="1642">With <strong data-start="1173" data-end="1222">built-in budget controls and approval routing</strong>, Folio Buy ensures spend stays on-program. Users can configure departmental budgets, approval rules, and coding logic that run seamlessly in the background, reducing bottlenecks and empowering teams to order with confidence. Automated order approvals can be completed via email or SMS &mdash; even without logging into the platform &mdash; accelerating purchasing cycles and preventing delays.</p> <p data-start="1644" data-end="2060">Folio Buy also excels in <strong data-start="1669" data-end="1692">workflow efficiency</strong>, with features such as AI-powered catalog digitization that quickly transforms vendor lists into searchable digital catalogs, and &ldquo;smart carts&rdquo; that simplify re-ordering and default spend category assignments. Real-time visibility into contracts, budgets, and spend tagging further enhances decision-making and financial control.</p> <p data-start="2062" data-end="2514">Built for rapid deployment, Folio Buy can be implemented in <strong data-start="2122" data-end="2142">days, not months</strong>, enabling teams to start ordering, enforcing compliance, and saving time almost immediately. When combined with other Folio modules like <strong data-start="2280" data-end="2321">Bills (AI-powered invoice processing)</strong> and <strong data-start="2326" data-end="2365">Pay (streamlined supplier payments)</strong>, it becomes part of a complete procure-to-pay ecosystem that transforms purchasing into a strategic advantage.</p>"