DURHAM, N.C.–(BUSINESS WIRE)–Folio, the financial operations platform built for hospitality, announced the launch of their newest product: Folio Inventory.
Folio Inventory provides faster, easier counting for on-property teams. For a hospitality operation, faster counts mean faster ordering, faster financials and instant visibility into what is on-hand, on-order, and on-budget. With Inventory added to their Folio platform, teams can now count, re-order, and account for their goods in one, intuitive place.
“Items across an operation, across every storage closet and every walk-in-freezer, need to be counted regularly. It’s a chronic headache,” said Kate Adamson, CEO and Co-Founder of Folio. “Folio Inventory makes that process faster and simpler, giving folks on the ground more time and more information.”
Executive Chef Tatiana Rosana, a two-time Food Network Chopped champion, reported Folio Inventory cuts the count time in half at their restaurant and rooftop at their Marriott Autograph Collection hotel. “With Folio Inventory, my team gets instant clarity on what we have, what we need, and what it costs. It’s beneficial for us.”
Inventory builds on Folio’s mission to drive greater on-property profitability, and integrates seamlessly with the other products in their procure-to-pay solution. By connecting inventory data with purchasing, invoicing, and payments information, Folio offers the most simple, usable, unified financial operations platform for hospitality.
“The best teams know that what gets measured, gets managed,” Adamson added. “Suddenly, properties are not just counting faster, they are operating smarter.”
Today, Folio Inventory is generally available for all interested Folio customers.
About Folio
Folio is an award-winning financial operations platform that helps properties turn back-office complexity into competitive advantage with a modern, all-in-one procure-to-pay solution with four products:
- Folio Buy: a centralized, managed marketplace
- Folio Inventory: faster counting for smarter operations
- Folio Bills: AI-driven invoice processing
- Folio Pay: streamlined payments via virtual card and ACH
Folio’s AI-powered platform saves teams time and money. One year post-launch, Folio powers hundreds of properties and is on track to power nearly a billion dollars in annual purchasing volume.
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