Introducing simple, accurate spend reports

This week, we’re excited to highlight Spend Reports! With Spend Reports, you can quickly access:

• Usage Report - See product usage across your property, such as the quantities, spend, and supplier information.

• Accrual Report - Slice item-level information by department, receipt status, and spend category.

Today, these reports are simple, flexible, and exportable from your Reports tab, in Settings. We're eager to give you the visibility and information you need to run the best possible operation. Let us know know what else you would like to be able to easily see!

As always, thank you for trusting Folio to support your team’s operations. We’re grateful for your feedback and always want to hear what would make your lives easier.

Other recent updates

• Buy: When bills are approved, items in those orders are now automatically mark as received, keeping your records more accurate with less work required.

• Bills: Bills now auto-refreshes when ERP transmission completes in the background, so you'll see status updates instantly without needing to refresh your page. We've also improved bill classification when automatically labeling bills as invoices or credit memos based on the amount.

• Pay: Workday is now supported as a payment integration, making automated settlement and reconciliation a breeze when paying from Folio.

• Inventory: Counting is cleaner and faster with speedier loading times and separated count displays for easier navigation.