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Industry Rebound Reflected Through Increased Interest in M3's Hotel
Accounting, Business Intelligence and Productivity Tools


 M3 Hotel Accounting provides users with a performance edge in hotel accounting and analytics
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(GAINESVILLE, GA – 06/14/12) As the hospitality industry continues to steadily improve following the economic doldrums of the last several years, one industry service provider has seen exceptional growth in all product lines of its offerings in secure, cloud-based hotel accounting and analytics tools. M3 Hotel Accounting of Gainesville, Georgia currently provides solutions to over 3,000 properties, processing over $8 billion in financial transactions annually.
 
Over the past 12 months, M3 has seen adoption of their product lines increase exponentially in the United States, and has recently expanded service offerings to clients in Canada. AccKnowledge, the company’s flagship accounting platform, has seen a customer base increase of 15%, while M3 Link, a highly-sophisticated operations reporting, business intelligence and analytics solution, has grown by 17%. The largest area of growth, however, has been seen in the area of Document Imaging services, where the customer base has increased by an astounding 127%, as hoteliers adopt a new standard of keeping A/P in the digital realm, eliminating the need for costly printing, postage and document storage fees.
 
One early adopter of M3’s AccKnowledge and Document Imaging solution has been the Oldham Goodwin Group, LLC, based in Bryan, Texas. Oldham Goodwin (www.oldhamgoodwin.com) specializes in the development and management of premium-branded hotels in destination locations, and is continually seeking ways to streamline their business. In a company that relies heavily on general managers and assistant general managers for the accounting processes, Document Imaging has proven to be a valuable tool.
 
“If a member of our team needs to see an invoice in detail, they can find the document easily online,” explained Anthony Scalero, Controller for Oldham Goodwin. “In addition, Document Imaging allows our vendors’ checks to go out more efficiently; our on-site staff can look at AccKnowledge and see the real-time status of the A/P process. We have revamped our entire process, and it works very well for us.”
 
M3 Hotel Accounting has nearly 450 customers, representing over 3,000 properties, including industry leaders like Apple REIT, Hotel Equities, McKibbon Hotel Management and The Procaccianti Group. M3 offers the highest performing back office automation solution in the hospitality industry for all sizes of ownership and management groups, without the need for expensive servers, extensive training or IT staff to setup or maintain. M3 has certification by all leading industry associations, and is the only hotel accounting and analytics software provider that is SAS and SSAE-16 certified.
 
Learn more about M3’s solutions by visiting www.m3as.com, or visit booth #1025 at HITEC in Baltimore, Maryland, June 25-28, 2012. For additional information, contact Scott Watson, Vice President of Sales, at scott@m3as.com or 770.297.1925, Ext. 571.
 
About M3 Hotel Accounting
M3 Hotel Accounting is the industry leader in hotel-specific accounting software, processing over $8 billion in financial transactions annually.  The company was founded in Gainesville, Georgia in 1998 from one of the oldest and most successful hospitality companies in the industry.  This experience, coupled with its software development expertise, has allowed M3 to develop an integrated suite of hospitality accounting products, including AccKnowledge, M3 Link, payroll services and document imaging, allowing hotel owners, operators and managers unsurpassed access to the information they need most. For more information, visit www.m3as.com.

 
Contact:

Paula MacDonald
Director of Communications
M3 Hotel Accounting
813.472.7390
paula@m3as.com

 

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Also See: M3 Partners with Apple REIT for Hotel Performance Reporting Tool; One of the country’s largest hotel REITs chooses M3 Link for data mining / November 2009

M3 Hotel Accounting to Add 1000th Hotel in 2006 / March 2006

M3 Hotel Accounting Reaches Milestone - 100 Hotel Management Companies / April 2005

M3 Hotel Accounting Completes Cash Management Enhancement / February 2005

GEO Hospitality Management Selects M3 Hotel Accounting and Payroll to Provide Accounting and Management Software / September 2004

M3 Hotel Accounting & Payroll Tops 500 / May 2004

M3 Hotel Accounting & Payroll Celebrates 5 Year Anniversary / April 2004

Centurion Management selects M3 Hotel Accounting and Payroll / November 2003

M3 Accounting & Payroll Assists with Birth of Twins / August 2003

American Hospitality Management Company Selects M3 Hotel Accounting / April 2003

M3 Accounting & Payroll Gains 16 New Clients in 2003 / April 2003

M3 Accounting Grows to 50 Clients within 40 Months / Aug 2002

Hotel Executives Now Mining Data from their Hotels’ Prior Daily Report Information Using M3’s InnQuire Software / Oct 2000

M3 Hotel Accounting Provides Internet based Accounting System; Connecting Accounting Functions from Multiple Locations to the Corporate Office / April 2000


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