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 $20.5 billion 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.
“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, VP, strategy and business operations, 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/cofounder, 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.”
Tags: Jesse Messitte, Avendra International Kate Adamson, Folio
