Folio Joins Avendra International’s Preferred eProcurement Partner Network to Help Hotels Optimize Program Spend

Strategic procurement collaboration helps hotels realize greater value and savings from negotiated supplier programs, building on proven results.

DURHAM, N.C. & ROCKVILLE, Md.--(BUSINESS WIRE)--Folio, the financial operations and procurement platform purpose-built for hospitality operators, today announced it has joined Avendra International, a global leader in professional procurement services, as a Preferred Partner within their customer-focused eProcurement Solutions Network.

This collaboration formalizes and expands a growing strategic relationship between the companies, reflecting a shared commitment to helping hotels maximize the value of their procurement programs. Together, Folio and Avendra aim to improve contract compliance, streamline operations, and drive measurable cost savings for hospitality operators.

As one of Avendra’s Preferred eProcurement Partners, Folio will collaborate with Avendra to help hotels, management companies, and ownership groups increase participation across its 5,000+ contracted supplier programs, and capture pre-negotiated savings achieved through Avendra’s $20.5B in purchasing power. Together, the companies aim to make it easier for hotel buyers to identify and source from contracted suppliers and products, driving stronger adoption of negotiated purchasing programs, and improving procurement outcomes across the hospitality industry.

The new collaboration builds on proven results achieved by mutual customers, highlighting the impact of streamlined, technology-enabled procurement.

"At Avendra, we give organizations the flexibility to choose an eProcurement solution that aligns with their operational goals, financial systems, and team workflows, ensuring the platform works seamlessly for them," said Jesse Messitte, Vice President, Strategy & Business Operations at Avendra International. "Folio has proven to be an exceptionally strong solution in helping mutual customers increase participation in contracted programs and realize more value from the supplier agreements Avendra offers.”

Unlike traditional procurement systems focused on transaction processing, Folio is designed to guide purchasing behavior at the point of decision. By surfacing contracted suppliers and preferred products directly within the workflow, the platform makes compliant purchasing the default, helping hotels capture more value from existing programs.

"We're honored to join Avendra’s Preferred eProcurement Partner Network," said Kate Adamson, CEO and Co-founder of Folio. “Hotels work hard to negotiate savings through procurement programs, but those savings are only realized when buyers can easily identify the right products from the right suppliers. Our collaboration shows what’s possible when technology aligns with how hotel teams actually buy.”

One major North American hotel management company increased its Avendra program participation over 10% after implementing Folio across its portfolio. By surfacing contracted suppliers and products directly within the purchasing workflow, Folio helped raise on-program spend and more compliant purchases compared to the previous platform.

These results demonstrate how thoughtfully designed procurement technology can help operators capture additional savings without changing existing supplier contracts.

For management companies, ownership groups, individual hotels, and procurement organizations alike, the results point to a broader opportunity: when procurement software is designed to surface the right products from the right suppliers by default, contract compliance becomes a built-in feature, rather than an enforcement challenge.

"Avendra has already done the hard work of negotiating strong supplier programs," Adamson added. "We're proud to collaborate with Avendra to make those programs easier to use every day, helping hotels increase participation, improve compliance, and realize more of the savings available to them."

For more information, please visit folio.co.

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, which includes; Folio Buy: a centralized, managed marketplace; Folio Inventory: fast counting and asset accounting; Folio Bills: AI-driven invoice processing; and Folio Pay: streamlined payments via virtual card, check, and ACH. Folio’s AI-powered workflows save teams time and money with rapid implementations. Two years post-launch, Folio powers hundreds of hotels and is on track to power a billion dollars in annual purchasing volume. For more information, please visit folio.co.

About Avendra International | Avendra International is a leading strategic procurement and supply chain partner to a wide range of organizations, including hotels, hospitality and leisure resorts, healthcare, and educational institutions worldwide. Avendra International leverages $20.5 billion in procurement power and combines supply chain resources backed by Aramark’s global footprint across 40+ countries and territories. What makes us stand out is our team of local experts who are deeply knowledgeable about the cultural, industry and sector-specific nuances of each country we operate in. Whether clients aim to reduce costs, boost efficiency, drive innovation, or achieve sustainability targets, we provide the support they need to succeed. By harnessing our tailored solutions, advanced technology, and industry expertise, we enable organizations to thrive.​​​​ ​​