GWINNETT, Ga. – the flagship of M3, Accounting corethe #1 cloud accounting and financial management platform for the hotel industry in North America, received the 2022 HotelTechAward for Best Reporting and Accounting Software by Hotel Tech Report.
More than 169,000 hospitality industry professionals use HotelTechReport.com to make informed technology purchasing decisions each month. The HotelTechAwards determine the top hotel software products in each category based on customer feedback and key proprietary data signals such as integration compatibility, organizational health, market share, partner network strength and quality customer support.
“The ranking process is simple, transparent and unbiased – judging is based on time-tested ranking factors developed specifically for the industry. Only verified hoteliers with hands-on experience using each product are allowed to participate in the voting process. This means that M3 users have chosen the #1 reporting and accounting software”, said Hotel Tech Report CEO Jordan Hollander.
This award further solidifies M3’s position as the #1 financial management and accounting software in the hospitality industry. M3 has now won the HotelTechReport award two years in a row by leveraging its powerful back-office hotel accounting software to provide M3 clients with simplified accounting, accurate financial snapshots of all properties, as well as efficiency and improved visibility.
In 2021, usage of M3’s accounting core grew by 110 customers representing 286 hotel properties in North America. The exponential growth M3 has experienced in 2021 has helped the company focus on product enhancements and industry partnerships that improve user experience and drive cost savings to their customers’ bottom line.
M3 had a total of 78 free enhancements for Accounting Core alone in 2021 and handled 60,419 support cases throughout the year, with a satisfaction rate of 97%. Improvements included but not limited to bank reconciliation with bank transactions, global tax settings and configurations, updated filtering options in AP, invoice copying, bulk payment mode invoices and bulk invoice approval/disapproval updates.
“We are honored and humbled that our customers have bestowed upon us this honor through their unsolicited reviews, especially in such a tumultuous year for our industry” says Scott Watson, Director of Sales and Marketing for M3. Watson added, “For more than two decades, we have strived to deliver technological excellence while keeping our prices affordable. We thank HTR for the opportunity to showcase the accounting solution used by nearly 7,000 hotels in North America and we remain committed to providing the best products, service and support to our valued customers.”
“The Authentic Voice of the Customer decides the winners of the annual HotelTechAwards – ranking hotel software solutions based on users’ experience buying, implementing and using these solutions.” said Jordan Hollander, CEO of Hotel Tech Report. “We are thrilled to highlight the value that the world’s leading software solutions offer their customers. By creating a platform around the voices of the people who actually use these hotel technology solutions, we are able to deliver peer-to-peer solutions. to-peer actionable insights that potential buyers can trust Winning a HotelTechAward is the industry’s greatest achievement because it’s data-driven With assets depreciating on a multitude of timelines, complex payment processes, third-party distribution expenses and intense labor regulations – accounting and reporting in the hospitality industry is a major challenge. M3 has developed a powerful solution that helps simplify and automate even the most complex hotel financial processes to give hoteliers peace of mind during tax season and beyond.
The HotelTechAwards are often called “Hotel Tech’s Grammys”, and M3’s Accounting Core was selected from over 200 of the world’s best technology products. The HotelTechAwards are the industry’s only data-driven awards platform, with winners determined not by a handful of judges or popularity votes, but by product reviews from a global community of users. verified hotel technologies in over 120 countries.
ABOUT THE HOTEL TECHNICAL REPORT
Hotel Tech Report helps 170,000 hoteliers every month understand the changing hotel technology and digital transformation landscape. We help hoteliers make smarter decisions about which technologies to adopt, keeping scalability and adaptability in mind. Hotel Tech Report helps hoteliers uncover the value propositions of emerging technologies and how they align with the needs of your property’s stakeholders and guests.
Built by hoteliers, exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company that serves nearly 7,000 properties in the hospitality industry across North America by driving cost savings, business improvement income and business information. After 24 years in business without a price increase, M3 boasts a 95% contract-free customer retention rate. Used by more than 1,000 management groups, owner-operators and hotels of all sizes, the platform works seamlessly with other key hospitality industry systems and tools and offers robust accounting and financial analysis across wallets with optional operations and time management features. M3’s Professional Services team provides on-demand support to hotels of all sizes by offering a full range of custom accounting solutions tailored to the hotel’s needs. Privately owned and employee-owned, M3 continues to improve its products and services at no additional cost to its customers.
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