Pay Integration for CoreSelectTM Live, M3 and AvidXchange Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution
Pay Integration for CoreSelectTM Live, M3 and AvidXchange Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution
M3 Accounting Solutions, Inc. (“M3”), one of North America’s top providers of accounting software and services, and AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a partnership to provide hotels a fully automated financial management solution.
As part of this partnership, M3 will embed AvidXchange’s industry-leading payment automation technology into CoreSelectTM, its latest cutting-edge accounting offering, providing the industry a more efficient and accurate way to manage its deeply complex payments process.
The CoreSelectTM offering is tailored to seamlessly integrate with day-to-day hotel financial operations and reporting, delivering efficiency to M3 customers. This integration provides customers with additional efficiencies as AvidXchange offers complete vendor and payment management, which can result in significant time and cost savings by reducing the need to support this need manually through a paper-based process.
“We’re excited to be working with M3 and for their hotel customers to experience the many value-adds of AvidXchange’s payment technology,” said Michael Praeger, Chairman, Chief Executive Officer, and Co-Founder of AvidXchange. “With hospitality management facing ongoing payment hurdles, we’re confident that this integration will arm M3’s CoreSelectTM customers with the tools they need to create efficiencies and accelerate financial processes ultimately giving them more time to focus on what really matters – guest experience.”
“We’re proud to partner with M3, a like-minded industry leader, to help solve the deeply complex payment needs of customers in the hospitality management industry,” said Brian Thayer, Vice President and General Manager at AvidXchange. “This partnership with M3 underscores AvidXchange’s expertise in the ability to continuously innovate our solutions to meet the needs of our customers.”
Casi Johnson, President of M3, agrees: "Our partnership with AvidXchange will enable individual hotel operators to take advantage of payment automation, streamlining their accounting operations, and providing real-time visibility into their financial performance. We're thrilled to offer our customers this powerful enhanced capability."
To learn more, visit: https://www.avidxchange.com/integrations/m3/
And to learn more about CoreSelectTM, visit: www.m3as.com/software/coreselect/
Built by hoteliers exclusively for hoteliers, M3 is a powerful 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 24 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 and 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.
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