Folio integrates with Sage Intacct to automate the full procure-to-pay lifecycle & spend management for hospitality operators. The integration connects Folio’s procurement platform with Sage Intacct’s financial management system to:
- eliminate duplicate data entry
- seamlessly automate PO creation & approval processes as a part of the purchasing workflow in the marketplace shopping experience
- streamline AP and payment workflows & centralize invoice processing using AI-powered invoice capture
- automate three-way matching (PO, receipt, invoice)
- easily manage and issue expense cards with customizable guardrails, impact tracking, and rewards
Key Benefits:
- Eliminate double data entry between procurement and accounting. Orders, invoices, payments, and vendor records sync automatically between Folio and Sage Intacct. AP teams stop manually re-keying data and start focusing on exception handling instead.
- Real-time financial visibility across every property and outlet. Because Folio syncs dimensions like location, department, and GL accounts directly from Sage Intacct, spend is coded correctly at the point of purchase - not corrected after the fact. CFOs get accurate, up-to-date reporting without waiting for month-end reconciliation.
- Automated three-way matching cuts invoice exceptions dramatically. Folio matches POs, receiving records, and invoices automatically and pushes the matched data into Sage Intacct. Discrepancies get flagged in real time instead of surfacing weeks later during close.
- Faster property onboarding as hotel groups scale. When a new property opens, Folio pulls the chart of accounts, departments, locations, and vendor lists directly from Sage Intacct via webhooks. What used to take days of manual setup now takes under 30 minutes - and Sage stays the single source of truth.
- Streamlined payments with full audit trail from order to check. Payment batches processed in Folio flow directly into Sage Intacct as AP Payments, giving accounting teams a complete, auditable trail from purchase order through payment without toggling between systems.
Requirements:
Integrating with this application requires you to use the tech partner’s SenderID. By using the tech partner’s SenderID, you do not need to buy a web services developer license from Sage and your API usage will not count towards your API performance tier. Using this integration also requires that you enable Platform Services for webhooks and Purchasing module. |
Price:
Monthly fixed fee for customers
Integration Approved Countries:
United States
About:
Folio is a financial operations platform purpose-built for the hospitality industry, headquartered in Durham, NC. Our modern, all-in-one procure-to-pay and full spend management platform sits on top of a hotel management company's ERP to deliver increased profitability and internal compliance to hotels through five core products:
- Folio Buy (a centralized managed marketplace for compliant purchasing)
- Folio Bills (AI-powered invoice processing)
- Folio Pay (streamlined supplier payments)
- Folio Inventory (fast counting and asset accounting)
- Folio Expense (card issuance with real-time budget impact tracking, customizable guardrails, and rewards)
The platform unifies search, ordering, invoicing, and payment into a single intuitive experience designed for hotel operators, with AI-powered workflows seamlessly built into the product to save teams time and money. Today, 70% of invoices processed are entirely touchless, meaning an invoice went from receipt to approved-and-booked without any changes from the AP team: the order was placed through Folio, marked as received by on-property teams, and the invoice 3-way matched automatically with our workflows.
Phone: (855) 943-4102
Website: https://folio.co/
Year Founded: 2023