Pay Integration for CoreSelect™ Live, AvidXchange and M3 Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution
29 Novembre 2023 - 3:00PM
AvidXchange, a leading provider of accounts payable (AP) automation
software and payment solutions for middle market businesses and
their suppliers, and M3 Accounting Solutions, Inc. (“M3”), North
America’s #1 provider of accounting software and services, today
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 CoreSelect™, its latest cutting-edge accounting offering,
providing the industry a more efficient and accurate way to manage
its deeply complex payments process.
The CoreSelect™ 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 CoreSelect™ 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: www.avidxchange.com/integrations/m3/
And to learn more about CoreSelect™, visit:
www.m3as.com/software/coreselect/
About AvidXchange®AvidXchange is a 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 8,800 businesses and we have made payments to 965,000
supplier customers of our 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.
To learn more about how AvidXchange, and its publicly traded
parent AvidXchange Holdings, Inc. (Nasdaq: AVDX), are transforming
the way companies pay their bills, visit www.AvidXchange.com.
About M3
Built by hoteliers exclusively for hoteliers™, M3 is a robust
cloud-based financial platform and services company serving over
8,000 properties across North America's hospitality industry
helping drive cost savings, revenue enhancement, and business
insight. After almost 25 years in business, 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
accounting and bookkeeping support for hotels and portfolios of any
size by offering a full range of customized accounting solutions
that can scale with a hotelier’s needs. Privately held and
employee-owned, M3 continues to constantly enhance products and
services with regular releases and updates. “M3”, “CoreSelect”, “M3
Concierge”, and “Accounting Core” are all trademarks owned by M3;
all other marks are owned by their respective owners. For more
information, visit www.m3as.com.
Media ContactOlivia Sorrells – AvidXchange
osorrells@avidxchange.com386-848-3656
Haley Wolf – M3Haley.Wolf@M3AS.COM770-533-0545
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