M3 - 12 October 2017
The M3 mobile app enables hoteliers to securely access their data like never before, viewing real-time, mission-critical information like:Key Performance Indexes: Occupancy and ADRRooms RentedTotal Room RevenueFood and Bar RevenueRooms Out of OrderRedemptionsGuaranteed No ShowsComplimentary Rooms"I'm always on the road, and this app has given me access to the information that I need to make great business decisions about the hotels my company owns and manages," explained M3 CEO and hotelier John McKibbon. "We've provided analytics tools to hoteliers for many years now, but having access to this information in the palm of my hand, wherever I'm at really brings the Operations Management platform data to a whole new level. My Regional Managers have embraced the mobile app and have already made it part of their daily routine."With the M3 app, busy hoteliers can quickly toggle between prior year or budget comparisons to view variances based on daily, month-to-date or year-to-date current year performance.Current M3 users can download the M3 app in the Apple Store or Google Play store and login with their credentials.To become a part of the M3 family and gain mobile access to your data, contact Kristy Ingram at 770-297-1925 x230 or firstname.lastname@example.org.
M3 - 16 September 2016
M3 Accounting + Analytics, the hospitality industry's leading provider of hotel accounting and analytics software, has developed a revolutionary new tool to help hotel owners and operators better manage and maximize their bottom line.The Hotel Benchmarking Index (HBI) is a reporting application that enables hoteliers to understand how their hotel expenses compare to like hotels across the industry. Costs for labor, materials, food, even linens and laundry service can vary widely from one hotel to the next. The proprietary HBI tool will allow M3 customers to examine the median cost that "like" properties incur for those and other services - from landscaping to wages to daily room cleaning- allowing them to establish a "real" and vetted benchmark for their own operational costs."HBI is really one-of-a-kind in the industry," stated Allen Read, M3 President. "There is no other tool that tells the full story from the revenue side and the cost side, and sharing that story in virtual real-time. Hoteliers are finding this data invaluable in making adjustments to increase their bottom line."The Hotel Benchmarking Index data is derived from over 4,500 hotels using M3's AccKnowledge(r) accounting solution, ensuring that the information is up to date and reflective of current industry trends. Developers and investors will find value in HBI in determining potential operating costs up-front, before making the decision to break ground on a new property. Hotel operators will have the advantage of a clear analysis of their expenses compared to competitive properties, with the ability to analyze wages, purchasing, client services, outside vendor costs and more."We're excited to get this tool into the hands of our customers and see firsthand the difference that this data will make in their business," said Scott Watson, Executive Vice President of Sales & Marketing. "The opportunities for HBI are limitless, and we anticipate that the ability to experience the data in this fashion will have a positive impact on the industry as a whole and will most definitely provide M3 customers a strategic and competitive advantage in the marketplace."The Hotel Benchmarking Index is currently available to M3 Link(r) customers. To experience a personalized demo of HBI or for more information, call the M3 sales team at 770.531.3745 or email email@example.com.
M3 - 1 September 2016
M3 Accounting + Analytics has experienced exponential growth over the past five years, but that has not stopped the Gainesville, Georgia based company from being attuned to their customers' needs. Through the years, many M3 customers have utilized the budget and forecasting modules embedded into M3's accounting tool, which is now installed in over 4,500 individual properties nationwide. After exhaustive feedback from M3's Advisory Board, user groups and selected customers, M3 has put in place a powerful new tool that combines the best of both worlds - accounting + analytics.M3's web-based Budget & Forecasting tool made a sneak preview in June at the Hospitality Industry Technology Exposition & Conference (HITEC), sparking intrigue among long-time customers and those new to M3. The Budget & Forecasting tool will allow M3 customers to take advantage of the integration of real-time data pulled directly from M3's proprietary accounting platform, AccKnowledge(r), and business analytics dashboard and reporting tool, M3 Link(r). Customers will be able to make changes in one place and have it populate across the platforms, ensuring ease of use, minimizing manual input and data management, and reducing, if not eliminating, errors that can occur when using multiple platforms to accomplish these tasks."The real beauty of the Budget & Forecasting tool lies in its seamless integration of financial data that is inherent to the AccKnowledge(r) environment," explained Casi Johnson, Chief Operations Officer for M3. "We can leverage reports already built into the accounting platform without having to recreate them, allowing for improved accuracy and efficiency in developing budget and forecasting models."Through forecasting, the M3 platform expands its success from a proven, powerful accounting software into a steadfast daily operations tool. Hotel operators and general managers have precise access to historical financial and reporting data, which provides an environment to develop more accurate forecasts to improve hotel performance. "If the data is mission-critical for our customers, our goal is to put it all at their fingertips through M3 technology", shared Scott Watson, M3's Executive Vice President of Sales & Marketing. Watson also indicates, "While there are products that back-door data points and manipulate data streams, M3's best-of-suite infrastructure eliminates misapplication of data and manual data entry which inherently reduces mistakes and improves efficiencies".As M3 remains committed to continuously enhancing and evolving its products, additional enhancement phases have already been slated for Budget & Forecasting, including workflow, enterprise level features and an advanced room revenue builder. Customers will experience many of these new product features in coming months, prior to year-end.If your organization would benefit from the integration of Budget & Forecasting into your hotel accounting and analytics platform, contact M3 sales for a personalized demonstration of this powerful new tool. Call 770.531.3745 or email firstname.lastname@example.org for more information.
M3 - 17 February 2016
Casi's career trajectory is reflective of the hard work and tenacity she exhibits in her role with M3. She began her career in the hospitality industry while a student at the University of Tennessee School of Hotel and Restaurant Administration, working as a Front Desk Clerk and moving into progressively more responsible positions after graduating. After leading hotel operations as a General Manager, Casi joined a brand-new M3 company in 2000 as the Director of Training, and received promotions to Support Manager in 2005 and Vice President of Operations in 2007. In 2009, Casi relocated to the Tampa, Florida area, opening M3's training center and expanding the service department for new M3 products. Johnson continued her leadership role after her appointment as Executive Vice President of Operations in 2009, and will continue her focus to grow and improve the company in her role as Chief Operations Officer.Casi earned her Master of Business Administration at the University of South Florida in 2012, and has served as an adjunct professor with the University of South Florida College of Hospitality & Tourism Leadership, where she taught the principles of hotel financial accounting to the next generation of hoteliers. She is also a member of the International Customer Service Association.M3 Accounting + Analytics has more than 500 customers, representing over 4,000 properties, including industry leaders like Crestline Hotels & Resorts, Davidson Hotels & Resorts, InterMountain Management, The Hotel Group and The Procaccianti Group. M3's integrated suite of hospitality-specific products includes: AccKnowledge(r), M3 Link(r), M3 RightTime(r), and document imaging- all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost effective manner. M3 has certification by all leading industry associations, offers CPE credit training, and is the only hotel accounting and analytics software provider that is SSAE-16 SOC II certified.
M3 - 18 September 2014
M3 Accounting + Analytics, the industry leader in hospitality accounting and analytics software, is pleased to announce its latest service concept offering to hoteliers, a new division of the business to be known as M3 Professional Services (M3PS)."Over the 15-year history of our company, we have relied directly upon the input of our customers in the development of our products, services and new ventures; the M3PS concept is no different," explained Allen Read, President of M3 Accounting +Analytics. "For several years, our customers have expressed the desire to outsource their accounting functions, allowing them to focus more upon their core competencies of property/asset management and enhancing the guest experience. The demand has grown to a point where we felt compelled to act, and as a result, we are pleased to offer the M3 Professional Services solution."M3PS is structured to offer customized solutions to its customers, from basic accounting functions (such as bank reconciliation and accounts payable) provided on an a la carte basis, to comprehensive management of the full accounting cycle. Outsourcing of these accounting functions will allow M3PS customers to improve margins, increase shareholder value, streamline operations and deliver more focused services to ownership groups. Two major advantages for customers partnering with M3PS will be scalability and talent acquisition. As portfolios change, M3PS will take care of providing service when customers need it, eliminating the scenario of inflexible and non-variable overheads that negatively impact the ROI of a property. By specializing exclusively in hotel accounting, M3PS will have access to top-tier talent in the industry and has two CPAs and multiple MBAs currently on staff. The team will be led by industry veterans with decades of hotel accounting experience.Reporting to M3 President Allen Read, the M3 Professional Services leadership team will be led by Dennis Jackson. Mr. Jackson will serve as Executive Vice President of the division and has over 28 years of experience exclusively in the hotel accounting arena, with almost 20 of those spent in senior leadership positions. Dennis shares, "It's exciting to embark on a new service offering in the industry. In many cases, it just does not make sense for hoteliers to build entire departments to support a portfolio that could vary in size every couple of years or to have resources dedicated to routine tasks such as bank recs and A/P data entry. We believe outsourcing will help our customers operate more efficiently and certainly more cost-effectively."M3 Professional Services launched operations on August 1 with their first customer and since that time, has expanded to provide full accounting and bookkeeping services to over 100 hotels and other corporate entities."We opened the doors day one providing customized back-office services to over 80 properties," said Scott Watson, Executive Vice President, Sales & Marketing. "We've already been approached by other companies exploring outsourcing opportunities; whether that be full accounting support or simply assistance with balance sheet or bank reconciliations. We anticipate doubling the customer base within this division by the end of 2014. Where else can a company add to their portfolio without investing heavily in resources, IT infrastructure and personnel? Likewise, M3PS allows them to minimize the pain of downsizing; M3PS is a simple variable expense that moves in direct proportion to the size of the asset or management portfolio."To learn more about M3 Professional Services, contact Scott Watson, Executive Vice President, Sales & Marketing, at email@example.com or 770.297.1925, Ext. 571.
M3 - 29 January 2014
(GAINESVILLE, GA - 01/29/14) M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting and business analytics, recently completed the rigorous SSAE 16 - SOC 1, Type II independent audit, conducted by independent service auditor McGladrey LLP. The report marks the fourth consecutive year that M3 has pursued and achieved a "clean" opinion, with no exceptions noted in all operational areas audited, according to the SSAE 16 - SOC 1 standard or the predecessor standard, SAS 70 Type II. Details of the audit are available for review to M3's customers and prospective customers.SSAE 16, developed by the American Institute of Certified Public Accountants (AICPA), is the most widely recognized authoritative evaluation that provides service organizations with an independent audit of the design and operation of internal controls related to their services. Companies that complete an annual SSAE 16 - SOC 1, Type II examination demonstrate substantially higher levels of assurance and operational visibility than their competitors that do not."This report is the culmination of many years of deliberate and consistent efforts to implement processes that ensure our customers can count on the reliability, performance and overall quality of M3's products and services," explained Wes Dean, M3's Vice President of Information Technology. "Every member of our company has been dedicated to this project, with the goal of proving that we have the right processes and controls in place to achieve the best possible results.""The completion of a formal audit and review for the fourth consecutive year demonstrates M3's continued commitment to create and maintain the most stringent controls to ensure the security of our customers' data and confidential information", said Scott Watson, M3's Vice President of Sales and Marketing. "To our knowledge, M3 remains the only hotel-specific accounting and analytics software provider that is SSAE 16 certified. In today's world of data security, maximized performance demands and global deployment, hotel owners, operators and managers should mandate this certification from any vendor thatprovides online accounting or financial services solutions to support their customers' operations."In addition to M3's flagship accounting platform, AccKnowledge(r), the company also provides a suite of solutions to meet the needs of the hospitality industry, including business analytics tool, M3 Link, and labor and payroll management system, RightTime. All of these tools are designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost effective manner.For additional information, contact Scott Watson, Vice President of Sales, at firstname.lastname@example.org or 770.297.1925, Ext. 571.About M3 Accounting + Analytics M3 is the national leader in hotel-specific accounting software, operations reporting, business intelligence and analytics, processing more than $10 billion in financial transactions for more than 3,000 properties. M3's integrated suite of hospitality accounting products includes: AccKnowledge(r), M3 Link, M3 RightTime payroll and labor management services, and document imaging and retrieval - all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost-effective manner. More information is available at www.M3AS.com.
M3 - 8 January 2014
M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting and business analytics, has closed out its fifteenth year in the industry with another successful year of growth in 2013.In December, M3's flagship hotel accounting platform, AccKnowledge, crested the 3,000 threshold of active hotels online. In addition, the company's business intelligence and analytics solution, M3 Link, experienced continued growth in 2013; and M3 RightTime, M3's new tablet-deployed labor and payroll management suite (launched in Q4 of 2013) continues to gain momentum. Overall, nearly 500 hotel management companies in North America are using M3's products at over 3,250 hotels, processing over $10 billion in payables annually.To put the exponential growth of the company over the last few years into perspective, Scott Watson, Vice President of Sales and Marketing, explains, "M3 was created to fill a void for hotel companies seeking industry-specific back office tools. It took 9 years to grow to 1,000 properties served; just 4 years to grow to 2,000, and in the last two years, we have jumped to over 3,000 hotels online."Because the AccKnowledge platform is a private, cloud-based application that can be accessed anywhere, any time, the 3000+ properties have over 12,000 users on the system at any given moment, ranging from corporate team members to property level users, field managers and outsourced accountants. The robust system handles approximately 12,500 transactions daily.M3 President and COO, Allen Read, explains, "AccKnowledge is truly becoming the industry standard accounting platform. Through our continued relationships with some of the most distinguished hotel management companies in the business and our partnership with several leading hospitality schools throughout the US, we are ensuring that AccKnowledge and M3's other web-based products are the tools of choice for hospitality leaders of today and tomorrow."Last year, M3 founder and Chief Executive Officer John McKibbon established the M3 Center for Hospitality Technology and Innovation at the University of South Florida Sarasota-Manatee's College of Hospitality and Technology Leadership (CHTL). The Center will serve as a hub for research, teaching and learning for both undergraduate and master's level hospitality students, and will provide a test bed for more advanced research in hospitality benchmarking and accounting.M3's integrated suite of hospitality accounting products includes: AccKnowledge, M3 Link, M3 RightTime, and document imaging- all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost effective manner. M3 has certification by all leading industry associations, offers CPE credit training, and is the only hotel accounting and analytics software provider that is SSAE-16 SOC II certified.For additional information, contact Scott Watson, Vice President of Sales, at email@example.com or 770.297.1925, Ext. 571.
M3 - 30 August 2013
M3 Accounting + Analytics has launched a business alliance with STR that brings STR data directly into M3's hosted, business intelligence and analytics platform. It is available to any M3 Link client who subscribes to STR.The alliance creates a seamless dashboard that shows fully-configurable STR data alongside financial and operational business intelligence, guest satisfaction ratings and verbatim comments, which can support and influence business decisions made by hotel owners, operators, and managers. STR data, which includes such information as aggregate performance, indexes and rankings, appears within the M3 dashboard as soon as the STR reports are released."This alliance streamlines the process of reviewing and reporting STR data, making a hotelier's life easier," said Casi Johnson, Vice President of Operations of M3 Accounting + Analytics. "It provides immediate access and allows the data to be configured, compared and benchmarked in any way the user prefers to view it."M3 clients have access to the most reliable and accurate competitive set information in the industry. Adjustments and changes made to the data are instantaneously reflected in the dashboard. It also allows for greater flexibility: For example, users can change the competitive set for reports and view historical performance data, while archiving prior STR reports in the cloud."STR is the most trusted name in the hospitality industry, and this partnership adds to the integrity of the data that our clients use to make smart operational decisions," said Allen Read, President of M3 Accounting + Analytics.In addition to the alliance, M3 is also a sponsor of the Hotel Data Conference, which is hosted by STR and HotelNewsNow.com. The fifth annual conference, set for September 4-5 in Nashville, is focused on boosting hotel performance by smartly using data in decision-making. Learn more about the STR- M3 alliance at table #16 during the conference.M3 Accounting + Analytics is the leading provider of hotel-specific accounting solutions, serving over 3,000 properties nationwide. M3 offers a suite of products with the functionality a hotel needs to monitor and improve productivity, increase profitability and operate their back-office systems in a safe, secure and hosted environment.About Smith Travel ResearchSTR provides a wide range of clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. More information is available at www.str.com.About M3 Accounting + Analytics M3 is the national leader in hotel-specific accounting software, operations reporting, business intelligence and analytics, processing more than $8 billion in financial transactions for more than 3,000 properties. M3's integrated suite of hospitality accounting products includes: AccKnowledge, Link, payroll and labor management services, and document imaging and retrieval - all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost-effective manner. The company was founded in Gainesville, Ga. in 1998, and also has a base of operations in Tampa, Fla. More information is available at www.M3AS.com.
LBA Hospitality partners with M3 Accounting + Analytics to enhance accounting processes and increase efficiencies
M3 - 31 July 2013
Seeking to update and streamline accounting processes for its 70-plus Southeast properties, Dothan, Ala.-based Larry Blumberg & Associates, Inc. (LBA Hospitality) recently announced an expanded partnership with M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting, and business analytics."If we are to continue to be an industry leader, we must have the ability to meet the requirements of our stakeholders and provide accurate, real-time and relevant information for our management team and owners," said LBA President Beau Benton.LBA sought the ability to swiftly handle budgets, forecasts, and reports, and to dissect business data, all while insuring that the back-office accounting platform functionality was state-of-the-art and industry-specific.In choosing M3, Benton cited how the company integrates accounting, business intelligence, and reporting, while eliminating most redundancy, software investment and annual hardware/software maintenance. In addition, Benton and LBA were looking for continual and automatic upgrades, backup and disaster protection, and minimized downtime.LBA is implementing the full suite of M3 products: accounting through the AccKnowledge platform, time, attendance and labor management through the newly released RightTime solution and LaborWatch, and payroll services through RightPay. The company will also continue to use M3 Link business intelligence reporting, as LBA will be expanding it to bring financial data, operating stats, Smith Travel feeds and guest satisfaction data (including verbatim responses) into one completely customizable dashboard.LBA, which launched its business by developing a Sheraton Inn in 1973, is rapidly growing its management business and securing more and more agreements from sophisticated owners and investors.Scott Watson, M3 Vice President of Sales & Marketing, said, "While our core product remains our accounting solution, we've continued to evolve and offer new products and services that meet the current and future needs of the hospitality industry. It is truly exciting that our product platform will help Beau and LBA achieve the aggressive growth they are anticipating over the next five years."The implementation and training process for all LBA properties is expected to be complete by December 1.About LBA HospitalityBased in Dothan, Ala., LBA Hospitality is a hospitality management company focused on maximizing return, safeguarding assets and enhancing value. Founded in 1973, the company now manages 70 properties throughout the Southeast, from Texas to Virginia. More information is available at http://www.LBAHospitality.com.About M3 Accounting + AnalyticsM3 is the national leader in hotel-specific accounting software, operations reporting, business intelligence and analytics, processing more than $8 billion in financial transactions for more than 3,000 properties. M3's integrated suite of hospitality accounting products includes: AccKnowledge, Link, payroll and labor management services, and document imaging and retrieval - all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost-effective manner. The company was founded in Gainesville, Ga. in 1998, and also has a base of operations in Tampa, Fla. More information is available at www.M3AS.com.
M3 - 14 July 2013
Facing a pivotal decision as part of its strong growth, Atlanta-based Davidson Hotels & Resorts recently considered whether to upgrade its existing accounting system platform or to migrate to another package to support its 46-hotel portfolio.Davidson CFO Barry Wabler described a user-focused decision-making process that resulted in partnering with M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting, and business analytics. With M3's help, Davidson aims to enhance transaction visibility, improve workflow, and drive efficiencies.Davidson is currently implementing M3's accounting solution, AccKnowledge, to include paperless A/P through document imaging, tracking and workflow. As part of a phased rollout process, Davidson's first round of properties are now online, and those hotels are currently working with new systems that process and report mission-critical data in new ways.Scott Watson, Vice President of Sales & Marketing with M3, said, "For over 15 years, we've worked with hotels across the spectrum; however, Davidson allows us to expand on our customer base within the upscale and near-luxury segment. We are extremely proud and excited to have them on the M3 roster."Added Davidson's Wabler: "Our company was determined to identify hospitality accounting best practices, so we conducted a thorough search and vetting process that brought us to a partnership with M3. We're excited about our new web-based, real-time accounting solution to benefit hotel owners and Davidson team members.""The strength of our accounting system is a critical component to the success of our overall platform," added John Belden, Davidson's CEO. "M3 provides us with an industry-specific tool that will enhance performance, both at the property level and within our centralized system."The entire implementation and training process is expected to be complete in four months.About Davidson Hotels & Resorts Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 46 upscale, full-service independent and branded hotels with more than 13,000 rooms across the United States, including such affiliations as Hilton, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Sheraton, Westin, Marriott, Renaissance, Courtyard by Marriott and Radisson. More information is available at www.DavidsonHotels.com.
M3 - 18 June 2013
M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting and business analytics, announces that Barry Wabler has joined its Customer Advisory Board.The M3 Customer Advisory Board, created in January of this year, is comprised of hospitality industry leaders who help shape M3's product development and market strategy. Board members provide insight on industry trends, challenges, and opportunities.Members are chosen from M3's customer base of more than 3,000 hotels and serve two-year terms. These owners, operators, and third-party managers use M3's accounting, operations reporting, and analytics software products to streamline processes, reduce expenses, and improve data-based decision-making.Barry Wabler is currently the Executive Vice President and Chief Financial Officer of Atlanta-based Davidson Hotels & Resorts. He oversees the accounting, information technology, and risk management areas, along with helping drive the strategic direction of the company.Prior to Davidson, Barry was Vice President and Chief Financial Officer of Hotel Equities Group, an Atlanta-based hotel management and development company that underwent significant growth during his tenure.Barry is a member of the Georgia Society of CPAs, Financial Executives Institute, American Institute of CPAs, and Cushman & Wakefield CFO Roundtable. He holds a BBA and a Masters of Accountancy from the University of Georgia and is a licensed Certified Public Accountant."On behalf of my Davidson colleagues and with great enthusiasm, I'm proud to join M3's advisory board," Wabler said. "One of my first memories in the hospitality business was working side-by-side with (M3 president) Allen Read to convert accounts to the AccKnowledge platform and build reports. From the outset, M3's commitment to integrity and trust were evident to me, and remain recognizable cultural linchpins today."
M3 - 10 May 2011
M3 Hotel Accounting has relocated its corporate offices to 340 Jesse Jewell Parkway SE, Suite 600 in Gainesville, Georgia.The move doubles operations space for the growing hotel accounting and payroll services company, where more than 15 jobs have been added in the last few years. Enhanced customer service, data center and training facilities have been designed to support improved company operations and workflow, in a facility that offers 24-hour security features and an on-site maintenance staff."Working with a professional designer, we've developed work spaces that not only improve productivity for our associates, but also promote the team work that is already an integral part of M3's culture," stated Allen Read, Chief Operating Officer/President of M3 Hotel Accounting. "With the majority of our associates living in or around Hall County, we were pleased to find a location in Gainesville that accommodated our needs and allowed for continued growth and expansion."The software service provider supplies hotel-specific accounting to almost 3,000 hotels and payroll services to over 40,000 employees throughout North America. M3's product line also includes M3 Link, a comprehensive hotel data mining tool, and document imaging solutions that save time and reduce postage and paper storage expenses.