| April 17, 2000 � GAINESVILLE, GEORGIA � M3 Hotel
Accounting has set the new industry standard for hotel accounting.
After developing hotel software for over ten years, M3 Hotel Accounting
has entered into eBusiness by introducing the first Internet based, hotel-specific
accounting system. This Windows-based system uses the Internet to connect
all accounting functions -including payroll - from multiple hotel locations
to the corporate office. Each hotel enters data into one of M3�s eight
modules and sends it to the data center via the Internet. Within seconds
executives, managers, and accounting personnel can access and manipulate
the data into customized reports, which they design.
John McKibbon, President of M3 states: �As an application service
provider (ASP) we help you simplify your business operations without having
to build a computing infrastructure. You can focus on your business while
our IT staff manages the technology. Our accounting applications can be
accessed over the Internet with a simple browser and network connection.�
M3 brought its first customer onto this new system in November 1998,
and the number of users has grown exponentially. One reason for such rapid
growth is its ease of use. This is not surprising. M3 Hotel Accounting
was developed by hotel operators specifically for hotel accounting.
And installation is simple. Rich Palmer, president of Palmer-Gosnell
Management, Inc. of Vienna, Virginia can attest to that. �Having
been through other system conversions, I was looking forward to the M3
conversion as much as a root canal. It turned out to be far easier than
I imagined thanks to a simple, intuitive system and help from folks who
truly understand the hotel business.�
M3 has two applications.
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AccKnowledge gathers and manipulates financial information from
multiple locations. It is used to prepare Daily Reports, Financial Statements,
Inventories, Accounts Payable, General Ledger, Construction Tracking, Budgets,
Labor Reports and more.
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InnQuire is the warehouse of information. InnQuire allows managers
to measure, track, and compare data from any time period, from anywhere
that has Internet access.
Charley Aimone of HLC Hotels, Inc., Savannah, Georgia, came online with
M3 late last year. He says that InnQuire �helps us run our business
better. We are able to get information from all of our properties
every morning � information such as labor statistics, RevPar, deposits,
etc.�
Barry Wabler agrees. Wabler is corporate comptroller for Day Hospitality
Group, Inc. of Atlanta. He says, �Since using M3s AccKnowledge and
InnQuire applications, production in our accounting department has been
greatly enhanced. We now have tools to supply our associates, management
and investors with timely and relevant data regarding trends in our hotel
business.
In a nutshell: M3 Hotel Accounting is fast, flexible and user-friendly.
It is designed specifically for hotels. No expensive hardware is required.
The cost is low: a small, one-time license fee plus a low monthly subscription
fee for each hotel. Upgrades are free. Users design reports to meet
their individual needs.
M3 Hotel Accounting
Fact Sheet
| WHO |
M3 is an Application Service Provider (ASP) that specializes
in running hotel accounting software. M3 has been providing software
packages for over 10 years. |
| WHAT |
AccKnowledge is a hotel-specific accounting application. It is
an extremely efficient method of gathering and manipulating financial information
from multiple locations.
InnQuire is a powerful database application that is drive by AccKnowledge.
Inquire allow you to measure, track or compare any statistic that is reported
on each hotel�s Daily Report. |
WHY
|
Efficiency and Cost Reduction. The use of AccKnowledge and InnQuire
eliminates redundancy and errors of transcribing information. It
also eliminates fax machines and telephone calls to share information. |
| HOW |
Networking. The inexpensive use of the Internet enables executives
to to �network� the corporate office with all hotels. This technology is
used by a growing number of companies and is efficient and secure.
|
FEATURES
of AccKnowledge and InnQuire that are all included in the low monthly subscription
fee:
|
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Efficient Windows-based, user-friendly technology.
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Access is available all day, everyday, anywhere in the world.
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System is easy to install and get running with minimal interruption to
your daily business.
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Requires little time to learn and use to its fullest advantage.
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Financial reports are modified by your staff, at no cost, immediately,
as needed.
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Updates to data are instantaneous.
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New properties are added quickly and easily.
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Technical support is provided at no additional cost.
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Your data is automatically backed up and stored.
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System expands quickly to any size company.
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Financial reporting across company lines is handled easily.
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Checks are printed for all the companies within your Enterprise in one
batch.
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Daily Reports are quickly and easily customized to accommodate the requirements
of various owners, brands, and your own staff.
|
BENEFITS
of AccKnowledge and InnQuire�that will continue to grow over time:
|
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There is NO capital expenditure for software. We don�t sell software.
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You do NOT need to purchase expensive computer hardware.
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There are NO fees for support.
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? There are NO fees or cost for software upgrades.
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Fee is a low monthly subscription. Call us for a quote.
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A long-term contract is not required. We�d rather be a partner than a vendor.
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Reduction in accounting labor and costs.
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Reduction in Fax and overnight mail charges.
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Elimination of redundant data entry.
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