M3 Celebrates 5,000th Hotel to Select Accounting Core
M3, a powerful cloud-based financial platform and services company nearing 20 years serving the hospitality industry, announced today that it welcomed its 5,000th property to adopt Accounting Core. M3's entry point solution, Accounting Core is a monthly subscription that provides robust accounting and financial analysis to more than half of the top hotel management companies in the U.S.
“Accounting Core is the most powerful and widely used hotel-specific accounting software, and we are honored to help drive performance of hotels across the nation,” said John McKibbon, founder and CEO of M3. “Our company's motto is 'do the right thing,' and I'm proud to say that the 5,000th property is paying the exact same price for Accounting Core as the first property did nearly 20 years ago.”
M3 revealed that the 5,000th hotel is the Holiday Inn Express & Suites Baton Rouge East, managed by Baywood Hotels, Inc. , one of the fastest growing and privately owned hotel management companies in the U.S. An M3 customer since 2005, Baywood Hotels manages more than 100 properties across the nation and continues to add to its portfolio.
“M3 has helped us scale and grow while streamlining our processes as its solutions are laser focused on the hospitality industry,” said Ron Asarawala, vice president of finance and asset management at Baywood Hotels. “They've been a true partner from day one, and we were thrilled to learn that one of our properties helped M3 crest 5,000 hotels. As Baywood Hotels continues to grow, we look forward to implementing M3 at future properties.”
Accounting Core is the entry point to the M3 platform and offers more than 16 easy-to-use modules that streamline accounting functions. It helps improve efficiency and visibility across multiple properties to drive financial performance for hotel owners, management teams and general managers. In addition to Accounting Core, M3 also offers solutions for Operations Management, a back office business analytics tool that increases efficiencies and reduces expenses; and Time Management, a tool that collects punches and monitors daily labor costs with features like attendance tracking and labor management reporting. M3 also has an accounting services team offering a full range of customized financial solutions through on-demand accounting professionals to scale with a hotel's needs.
To learn more about M3 or to request a demo, visit www.m3as.com.
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About M3 Accounting + Analytics
Built by hoteliers, exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company serving the hospitality industry that drives cost savings, revenue enhancement and business insight. Nearing 20 years in business without increasing prices, M3 touts a 95 percent customer retention rate without contracts. Used by management groups and hotels of all sizes, the platform works seamlessly with other key systems and tools in the hospitality industry and offers robust accounting and financial analysis across entire portfolios with optional operations and time management features. M3's professional services team provides on-demand support for hotels of any size by offering a full range of customized accounting solutions to scale with a hotel's needs. Privately held and employee owned, M3 also includes a proprietary hotel benchmarking index that combines data from more than 3,500 properties into a single accessible data set to compare hotels. For more information, visit www.m3as.com.
