M3 Company Market Research Report
Company Overview
Name and Mission
Company Name: M3, LLC (formerly known as M3 Accounting Services, Inc.)
Mission: Built by hoteliers, exclusively for hoteliers, M3 is a robust cloud-based financial platform and services company that serves to help hoteliers realize better efficiencies and profit margins through innovative, hospitality-specific software solutions.
Founding
Founded: 1998
Founder: John McKibbon
Key People
- Allen Read: Chief Executive Officer/Partner
- Casi Johnson: President
- Scott Watson: Chief Sales & Marketing Officer
- Julie Stewart: Chief Human Resource Officer
- Rich Wilhelm: Chief Financial Officer
- Parag Doshi: Chief Technology Officer
- Matthew Kim: Executive Vice President of Corporate Development & General Counsel
- Carolyn Hollum: Executive Vice President of Professional Services
- Dennis Jackson: Executive Vice President of Finance
- Rachel Kammer: Strategic Alliance Sales Executive
Headquarters
Location: No specific location information is available
Number of Employees
Employees: Over 250 professionals
Revenue
No Information is Available
Known For
M3 is known for:
1. Being the #1 hospitality-specific accounting solution across North America.
2. Providing cloud-based financial platforms that integrate seamlessly with other key systems and tools in the hospitality industry.
3. High customer satisfaction and retention rates (95%).
Products
Accounting Core Software
Description: M3's flagship accounting and financial software designed to streamline accounting functions and provide an accurate snapshot across multiple properties.
Key Features:
- Customizable financial reports
- Budget setup and forecasting tools
- Daily report customization with PMS importing
- Automated check writing and cash management
- Multi-currency support
- Robust accounts payable module
CoreSelect™ Software
Description: A self-service accounting and analytics solution aimed at hoteliers who manage smaller portfolios (1-5 entities).
Key Features:
- Customizable reporting and data import/export tools
- Real-time issue resolution with M3 Concierge™
- Automation features for invoice creation and payment processing
- Secure bank reconciliation tools
Labor Management Software
Description: M3’s time, attendance, and labor management software designed to help hoteliers manage labor costs efficiently.
Key Features:
- Real-time labor KPI tracking
- Customizable earnings calculations
- Mobile-friendly access for staff
- Performance and productivity tracking
Insight Software
Description: A business intelligence and data analytics software for hotel management companies, centralizing all data into one location.
Key Features:
- Centralized data analytics and reporting
- Customizable dashboard
- API integrations with third-party software
- Real-time data access
Services
Outsourced Accounting
Description: Provides comprehensive management of the full accounting cycle and on-demand accounting services tailored to hoteliers.
Training & Implementation
Description: M3 offers seamless software integration and onboarding with continual support and training to ensure effective utilization of M3 solutions.
Education & Learning
Description: M3 provides various learning resources, including monthly webinars, documentation, video tutorials, and continuing education for hospitality professionals.
Recent Developments
New Products and Features
- CoreSelect™: Recently launched to serve the needs of smaller portfolios in the hospitality industry.
- Enhanced Features in Existing Products: New features have been added across the Accounting Core™, Insight™, and Labor Management™ platforms to further streamline hotel processing and address the needs of hoteliers.
Partnerships
- M3 and Paymerang Partnership Expansion: A strategic alliance to introduce Paymerang’s payment automation to M3 Accounting Core™ customers, aimed at enhancing financial management and operational efficiency.
- M3 and AvidXchange Expansion: Extension of partnership to include AvidXchange’s payment automation across all M3 products.
- M3 and Actabl Collaboration: A strategic partnership to provide streamlined data integration and analysis for hoteliers.
Awards and Recognition
- Hotel Tech Report Recognition: Ranked #1 on Hotel Tech Report’s ‘Best Finance & Accounting Software’ 2024 list and listed among the Best Scheduling & Labor Management apps.
- Stevie Award: Awarded Gold Stevie® in the 2024 American Business Awards® for the third year in a row in the Company of the Year - Hospitality & Leisure – Medium category.
Conferences and Meetings
- 2024 M3 Partners’ Meeting: Held in Louisville, Kentucky, featuring sessions and panel discussions focused on leveraging M3 products for maximum operational efficiency. Keynote speaker Tessa White discussed navigating workplace complexities in the hospitality sector.
This report leverages the collected data to offer an in-depth overview of M3, its products, and recent significant developments, while excluding any unavailable information to maintain clarity and relevance.
