Streamline hotel accounting, labor management, and financial reporting for efficient operations.
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TL;DR - M3
- Automates hotel accounting and financial reporting.
- Manages labor costs with demand-based scheduling.
- Provides actionable business intelligence through visual dashboards.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Specifically designed for the hospitality industry, addressing unique hotel operational needs.
- Offers both enterprise and streamlined accounting solutions to fit different portfolio sizes.
- Provides real-time financial visibility and actionable business intelligence for informed decision-making.
- Helps control labor costs through demand-based scheduling and visual analytics.
- Ensures compliance with GAAP and USALI standards for financial reporting.
Cons
- No free trial or free tier is mentioned.
- Pricing details are not publicly available, requiring direct contact for quotes.
Key Features
Enterprise hotel accounting software (Accounting Core™)Streamlined accounting for growing portfolios (CoreSelect™)Demand-based labor schedulingVisual dashboards for labor cost comparison against budget/forecastAggregated business intelligence from multiple systems (Insight™)Real-time financial visibility across entire hotel portfoliosProfessional accounting services (full-cycle or a la carte)Integration with leading property management systems (PMS)
Pricing
Paid
M3 offers paid plans. Visit their website for current pricing details.
About M3
By Toolradar Team·
M3 provides comprehensive, hotel-specific software solutions designed to automate financial reporting, reduce manual labor, and simplify operations for hoteliers. With over 25 years of experience, M3 offers a suite of tools including enterprise-level accounting (Accounting Core™) and a streamlined version for growing portfolios (CoreSelect™), alongside labor management and business intelligence platforms.
The platform is built to provide real-time financial visibility, enabling owners, operators, and corporate teams to boost efficiency, control costs, and make confident decisions. M3 also offers professional accounting services with on-demand experts and integrates with a wide range of third-party systems, including PMS, to centralize hotel operations and data.
How we evaluate tools →Source: m3as.com
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M3 FAQ
How does M3's Labor Management solution help hoteliers proactively control costs?
M3's Labor Management solution enables hoteliers to control costs by offering demand-based scheduling. It provides visual identification and comparison of staffing levels against budget and forecast metrics, allowing for proactive adjustments to optimize labor expenses.
What is the primary difference between Accounting Core™ and CoreSelect™?
Accounting Core™ is M3's flagship enterprise hotel accounting software designed for large portfolios requiring comprehensive features. CoreSelect™ is a streamlined accounting and financial solution tailored for hotel owners and operators managing smaller or growing portfolios, offering powerful tools without the complexity of an enterprise system.
Can M3 integrate with my existing Property Management System (PMS) and other hotel operational tools?
Yes, M3 is designed to integrate with leading property management systems (PMS), business intelligence tools, and labor/time-keeping platforms. This allows for the centralization of hotel operations and greater data access and flexibility.
What kind of expertise do M3 Professional Accounting Services offer, and for what types of tasks?
M3 Professional Accounting Services provides a team of on-demand CPAs, MBAs, and industry veterans with extensive hotel accounting experience. They can handle everything from comprehensive management of the full accounting cycle to a la carte services for specific functions, tailored to operational and staffing needs.
How does M3 ensure financial reporting is trustworthy and consistent for hotel finance teams?
M3 ensures trustworthy and consistent financial reporting by being fully compliant with both Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI). This compliance provides the necessary structure and consistency for accurate financial data.
Source: m3as.com