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Wednesday, June 29, 2022

M3 projects continued growth in hospitality market following successful 1st Quarter

M3, the hospitality sector’s #1 cloud-based accounting, financial reporting and data management platform in North America, is set to maintain its status as an industry leader with new company milestones, an expanding customer base and continued momentum following a strong First Quarter 2021.

Having recently welcomed several prominent management companies, including Sage Hospitality Group, Stonebridge Companies, Hostmark Hospitality, Group 10 Management, RVC Outdoors, Level Hospitality, Migis Hotel Group and Athena Hospitality, to its customer base, M3 proudly serves nearly 950 individual customers representing more than 6,700 active hotels online as of March 2021.

“As last year’s events unfolded, M3 repositioned, retrenched and reworked development strategies to ensure our customers were well positioned to withstand the challenges brought on by the pandemic. Our development teams pivoted to focus on software enhancements that aided our customers, who we supported financially with unprecedented cost-saving initiatives,” said Scott Watson, Chief Sales and Marketing Officer at M3. “Industry professionals are relying on us now more than ever to provide actionable data in real time. We are honored to continue earning our customers’ business with tailor-made financial tools, exceptional service and a commitment to excellence without ever increasing our prices or subjecting our customers to contracts.”

With more than half of the 2020 top hotel management companies relying on M3’s solutions to manage vital day-to-day financial and labor operations, M3’s growing customer base can expect a multitude of forward-thinking initiatives and product enhancements throughout the rest of 2021, including the integration of multicurrency capabilities, enhanced mobile applications and intuitive proprietary benchmarking data.

As part of its continued focus on automation and data analytics in 2021, M3 recently announced its DataOps and Business Intelligence corporate divisions to devote increased resources and expertise to embrace new technologies and continuous delivery of M3 products and services.

M3’s suite of financial reporting and labor and data management solutions offer hoteliers everything they need to drive cost savings and increased efficiencies across their properties. M3’s entry-point system, Accounting Core, offers customers access to M3’s intuitive, functionally integrated and fully supported financial system without high maintenance and installation costs or contractual strings. The platform was recently recognized as the Best Reporting & Accounting Software by Hotel Tech Report for the platform’s ease of implementation and use, strong ROI and dedicated customer support services.

M3’s Labor Management platform integrates key reporting functions to monitor daily labor costs and flag major human capital expenses in real time with attendance analytics and labor management capabilities that allow hotels to proactively prevent unnecessary overtime labor and track employee hours to maximize performance and productivity. The platform was recently named a finalist in the 2021 HotelTechAwards’ Best Scheduling & Labor Management System category by Hotel Tech Report.

As a dedicated business intelligence tool, M3’s Insight platform helps users proactively manage every data point within their property’s financials, operational organization, competitor sets and guest data as well as point-of-sale (POS) data and on-the-books (OTB) data for a comprehensive and centralized hub to view critical property and industry data.

M3 has also been recognized for its dedication in creating a successful workplace culture, having recently been named a 2020 Best of Gwinnett winner in Gwinnett Magazine’s Best Employer category. Additionally, M3 has been awarded a Top Workplaces 2021 honor by The Atlanta Journal-Constitution for its third consecutive year.

Developed, designed and deployed specifically for hoteliers, M3 offers hospitality industry professionals a financial and labor management platform that is user-driven and designed with interactive dashboards, mobile compatibility, ad hoc reporting and robust analytics – all created from the perspective of the end user, whether that be an operator, owner or asset manager. From single-location properties to entire hotel portfolios, M3 delivers a powerful and intuitive user experience while providing actionable data in real time.

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