No. 5 of 29 ·Restaurant Expense Management Software

Folio

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Freedom report

One barScore 5.3

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

Folio is ranked #5 of 29 in restaurant expense management software on Freedom251. It runs on Web.

Folio plans and pricing

All plans

Folio Not published Pricing by demo; no public price stated folio.co · 3 Oct 2026

Compared on restaurant expense management software

Approval workflows: Yes

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The record

Product: Folio is a procure-to-pay platform for hospitality teams to order, manage bills, and pay suppliers in one place.
Products: Folio’s product suite includes Buy, Bills, Pay, Inventory, and Expense.
Buy: Buy provides a centralized catalog, real-time vendor price comparisons, GPO pricing, budgets, and approval workflows.
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.
Pay: Folio Pay lets customers pay suppliers and earn rebates on eligible transactions.
Inventory: Folio Inventory helps teams count and value inventory and sync it directly with their ERP.
Expense: Folio Expense ties extra expenses into budgets, approvals, and payments.
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.
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.
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.
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.
Audience: Folio says its platform is built for hospitality and describes its customers as hotels, including large enterprises and luxury independent hotels.
Free marketplace: Folio says the Folio-powered AAHOA Marketplace is free for AAHOA members to get started.
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.

Where it ranks on Freedom251

Best Restaurant Expense Management Software in 2026#5 of 29
Best Procure-to-Pay Software in 2026#5 of 24

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Sources

folio.co· checked 3 Oct 2026
folio.co/products/buy· checked 3 Oct 2026
folio.co/products/bills· checked 3 Oct 2026
folio.co/products/pay· checked 3 Oct 2026
folio.co/products/inventory· checked 3 Oct 2026
folio.co/products/expense· checked 3 Oct 2026
folio.co/solutions/finance· checked 3 Oct 2026
folio.co/blog/now-live-lightning-automations-mr-· checked 3 Oct 2026
help.folio.co/en/articles/11769866-contact-us· checked 3 Oct 2026
folio.co/blog/at-your-service-aahoa· checked 3 Oct 2026
folio.co/blog/announcing-our-series-a· checked 3 Oct 2026
folio.co/plans· checked 3 Oct 2026