M3 Hotel Accounting Now Offers Flex Budgeting
GAINESVILLE, GA, MAY 17, 2006. Launched in 1998, M3 became the first to offer hosted accounting applications, specifically for the hotel industry. Since that time, the program has been updated numerous times as a direct result of client needs.
M3 software now offers Flex Budgeting as part of AccKnowledge, which is M3s proprietary application comprised of hotel-specific and traditional accounting modules.
"Our clients expressed interest in having this tool. We created it for them and added it at no additional cost for AccKnowledge users," said Rick Frommer, Director of Sales for M3.
An AccKnowledge Flex Budget report can show management exactly how much money is in select income and expense accounts in relation to the hotel's budget. There are three critical aspects of this report:
The budget has automatically been adjusted (or flexed) to accommodate actual sales and expenses. The data is accurate to the minute the report is run. Management pre-determines the criteria for the adjustment of each line item they select for inclusion in their reports.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
