M3 Hotel-Specific Accounting Software
|Minneapolis, MN - September 23, 2004 - CSM Lodging,
a division of Minneapolis-based CSM Corporation, a diversified real estate
development company, has implemented the Hotel-Specific® accounting
software of M3 Hotel Accounting of Gainesville, Georgia. CSM now
owns and operates 34 hotels across the United States.
The decision to move to M3 Accounting was two-fold: CSM Lodging will save thousands of dollars a year by allowing M3 to host their back office accounting system. Additionally, they will gain vital hotel-specific functionality that their previous accounting system did not provide.
“CSM Lodging needed enhanced accounts payable features to lower their total cost of processing invoices,” said Allan Duarte, VP of Information Technologies at M3. Under the direction of CSM Lodging Controller Terry Steffen and his staff, M3 software developers quickly created the software to accomplish Enterprise Check Writing. “Thanks to CSM, not only do they have a more robust accounts payable module, but all 88 Hotel Management Company clients of M3 can now take full advantage of this new features too,” said Duarte.
For nearly six years, M3 has thrived by creating win-win relationships with its clients by bringing them the current technology they need to lower expenses and increase productivity. In this specific case, CSM-as well as other M3 clients-will save thousands of dollars annually by using the enhanced check writing features of AccKnowledge. AccKnowledge has become the standard for Hotel-Specific accounting.
“The addition of M3 to our accounting process keeps us on the cutting edge of technology,” says Robin Kirk, President of CSM Lodging, “and allows us to glance into our hotels’ financial performance with up-to-the-minute data. With accurate real-time information, we can move quickly and make better management decisions.” “It also allows us to streamline our accounting procedures, thus providing increased efficiency.”
CSM Lodging operates Marriott, Hilton, Holiday Inn and Country Inn hotels in a portfolio of 34 hotels for CSM Corporation. Founded in 1976, CSM Corporation engages in acquisition, development, leasing, management and ownership of quality real estate assets across the United States.
M3 provides 88 Hotel Management Companies with the software they need to meet the daily challenge of working most efficiently. M3’s industry leading application called AccKnowledge replaces your 45-day-old reports of “what happened” with real-time, useful Decision Support Data, accessible at the click of a mouse.
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|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|