M3 Propelling Into 2023 As It Surpasses 7,500th Hotel Milestone
December 28, 2022
M3, the hospitality industry’s #1 cloud-based financial and data management platform, continues to propel its record growth and has exceeded 7,500 properties utilizing the platform throughout North America. M3 continues to expand its customer base and be a vital tool in the hospitality community with its services targeted to streamline and manage vital property operations.
2022 was a year of growth for the hospitality tech company. In June 2022, the company hit 7,000 properties online, and over the course of only six months, its user base grew by over 500 hotels. The unprecedented growth is attributed to new product functionality that streamlines back-office processes.
Feature functionality was front of mind for M3 in 2022. The company released new and enhanced features within its budget and forecast tool, offering easier reporting, further customization, and collaboration. Geofencing and beacon features were released within the M3 Labor mobile app, allowing users to define boundaries where employees can submit time punches. In addition, the M3 Labor mobile application can now be rendered in Spanish, provide punch collection, and allow employees to submit time-off requests for approval. All these new features are targeted to ease operational processes for hoteliers.
Partnership was also a theme of 2022 for M3. The company announced a strategic partnership with Trintech to help the hospitality industry streamline and automate the financial close process. This partnership offers visibility across all tasks in the close process, control, and automation of reconciliations, shortened close cycle, and more. Additional partnerships in which M3 delivers additional value to our customers include CSI, HotStats, Inova, Netchex, Paymerang, and SIB.
M3 hosted its Partners’ Meeting in St. Pete, Florida at The Don Cesar. The event allowed M3 to continue to grow relationships with its partners, customers, and employees. It also offered attendees exclusive insights into how to achieve time savings, increased financial performance, and efficiencies throughout the hotel back-office.
M3’s commitment to customer success, partnership, and innovating its products to stay ahead of hoteliers’ demands allowed the company to receive many awards throughout 2022. The company was recognized for the following:
- Best Reporting & Accounting Software in 2022 Hotel Tech Awards
- Company of the Year in Hospitality & Leisure in 2022 American Business Awards
- Top Employer in Greater Atlanta Area in 2022 AJC Top Workplaces
- Globee Winner for M3 Labor in the 14th Annual Golden Bridge Business and Innovation Awards
Looking Ahead
As M3 heads into 2023, the company will continue to make advancements in its platform for both online and mobile applications. M3 finds innovation key to the success of the company and its customers.
“Continued improvement and advancement are crucial for M3 as we push the boundaries in the hospitality industry,” says M3 President, Allen Read. He continues, “We strive to surpass customer expectations, and in 2023, we will continue to expand our feature functionalities, promote customer and employee success, as well as continue positive growth in both current and future properties.”
M3 aims to introduce improvements to its products in 2023 while also providing and maintaining beneficial partnerships for customers. It is crucial M3 always take strides moving forward and evolve as a leading software accounting company in the hospitality industry.
To learn more about M3 or to request a demo, visit www.m3as.com.
About M3:
Built by hoteliers exclusively for hoteliers, M3 is a robust cloud-based financial platform and services company serving over 7,500 properties across North America’s hospitality industry by driving cost savings, revenue enhancement, and business insight. After 23 years in business without increasing prices, M3 touts a 95 percent customer retention rate. Used by over 1,000 management groups and owner-operators and hotels of all sizes, the platform works seamlessly with other key systems and tools in the hospitality industry. It offers robust accounting and financial analysis across entire portfolios with optional operations and time management features. M3’s professional services team provides on-demand support for hotels of any size by offering a full range of customized accounting solutions to scale with a hotel’s needs. Privately held and employee-owned, M3 continues to enhance products and services at no additional charge to its customers. For more information, visit www.m3as.com.