![]() ![]() Night audits will be faster and more accurate, with fewer mistakes to identify and correct, saving time and money. With support for multiple credit card emitters (not just large banks), multiple currencies and tax codes, Veryfi makes it a breeze to serve clients from across the globe.įurthermore, hotel employees assigned to folio data extraction can now spend less time working on tedious manual data entry into the financial reporting tool and more time addressing customer experience. Veryfi’s API-based solution takes unstructured data that humans understand and transforms it into the structured data that computers need to perform business intelligence analysis. Hotels can immediately start processing folios quickly and accurately. Veryfi’s is ready to go on day 1 with little or no required set-up or integration. Why Use Veryfi’s AI-Driven Solution for Hotel Folio Data Extraction? Finally, when that guest checks out, all charges and payments are calculated so the guest receives the remaining balance. When a guest pays for these services, the folio’s balance is updated. Similarly, if the hotel offers spa services, the folio will track a guest’s appointment time, duration, the type of spa service and the identity of the person who provided the service (e.g., the massage therapist), etc. For example, if a guest orders room service, the folio will track the date, time and the menu items ordered. When a guest requests a service, every charge is posted. The folio contains information required for the hotel’s accounting system. What Information Is Included in the Hotel Folio? Reconciling the number of occupied rooms and closed folios. ![]() Reconciliation matches the guest folios (usually for people who have checked out of the hotel) and the payments received. If a guest’s balance exceeds the individual’s allowed credit, the night audit will alert hotel staff, who may request a new credit authorization, increased deposit or a partial payment from the guest. The audit consists of reviewing, reconciling, and booking (entering information into the accounting ledger) the previous day’s transactions. Guests can also use the hotel folio to view their own purchases and the associated costs of their stay.Įach night, the hotel audits the folios. Hotels need the folio to track each guest’s purchased services in order to produce an invoice. ![]()
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