M3 and AvidXchange Expand Partnership
April 30, 2024
M3, LLC (formerly known as M3 Accounting Services, Inc.) the nation’s #1 hotel accounting software and services provider, and AvidXchange, a leading provider of AP automation and payment solutions for middle market businesses and their suppliers, today announced the extension of their partnership to provide hotels a fully automated financial management solution across all M3 products.
The existing relationship began in 2023 when M3 announced that they had embedded AvidXchange’s industry-leading payment automation technology into their newest go-to-market offering, CoreSelectTM. Now, as part of this extended partnership, all existing M3 customers have the option to leverage AvidXchange payment automation technology through the M3 Accounting CoreTM solution, providing the industry with a heightened level of efficiency and precision, streamlining the entire payment process.
This seamless integration delivers added customer efficiencies as AvidXchange provides comprehensive vendor and payment management resulting in substantial time and cost savings by minimizing manual, paper-based processes.
“We are excited to welcome AvidXchange into our curated Preferred Partner network of industry-leading hospitality solutions,” explains Casi Johnson, President at M3. She continues, “Bringing the #1 hospitality focused ERP (Enterprise Resource Planning) and AvidXchange’s vast payment network together through the latest API technology is an exciting offering for today’s hoteliers!”
“AvidXchange is proud to partner with M3 to bring more functionality to hoteliers,” says Brian Thayer, VP and GM of Sales at AvidXchange. ”With payment automation from AvidXchange, M3’s customers can increase efficiency, scale for growth and pay their suppliers faster to foster better relationships.”
About AvidXchange®
AvidXchange is a trusted, leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s Software-as-a-Service (“SaaS”) based, end-to-end software and payment platform digitizes and automates the AP workflows for over 8,000 buyer customers, and it has made payments to more than 1,200,000 supplier customers of its buyers over the past five years. Additionally, AvidXchange, Inc. is a licensed money transmitter for US B2B payments, licensed as a Money Transmitter by the New York State Department of Financial Services, as well as all other states that require AvidXchange to have a license.
