AAHOA Launches Folio-Powered Marketplace for Self-Service Hotel Procurement
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By packaging GPO pricing with automated invoice processing as a free self-service tool, the platform lowers the technical and cost barriers for mid-market and franchised hotels to automate procure-to-pay, potentially shifting back-office financial operations away from manual spreadsheets toward lightweight P2P platfor…
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- Hospitality TechnologyAAHOA Launches Folio-Powered Marketplace for Self-Service Hotel Procurement
The Asian American Hotel Owners Association (AAHOA), procurement tech provider Folio, and GPO Avendra International officially launched the AAHOA Marketplace, a free digital procurement portal available to AAHOA's 20,000 members. The platform combines Avendra's negotiated GPO pricing with Folio's automated procure-to-pay software, offering self-service onboarding, linking up to five existing suppliers and placing orders within minutes, AI-powered invoice coding, a centralized cart and order-tracking dashboard, and mobile management of purchasing approvals, digital invoices, and vendor payments via ACH or virtual cards. HT notes enterprise procurement software usually demands months of imple…