M3 and AvidXchange Expand Partnership

In addition to CoreSelect™, M3 customers can now utilize AvidXchange in association with M3 Accounting Core™

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M3, LLC (formerly known as M3 Accounting Services, Inc.) the nation’s #1 hotel accounting software and services provider, and AvidXchange, a leading provider of AP automation and payment solutions for middle market businesses and their suppliers, today announced the extension of their partnership to provide hotels a fully automated financial management solution across all M3 products.

The existing relationship began in 2023 when M3 announced that they had embedded AvidXchange’s industry-leading payment automation technology into their newest go-to-market offering, CoreSelectTM. Now, as part of this extended partnership, all existing M3 customers have the option to leverage AvidXchange payment automation technology through the M3 Accounting CoreTM solution, providing the industry with a heightened level of efficiency and precision, streamlining the entire payment process.

This seamless integration delivers added customer efficiencies as AvidXchange provides comprehensive vendor and payment management resulting in substantial time and cost savings by minimizing manual, paper-based processes.

“We are excited to welcome AvidXchange into our curated Preferred Partner network of industry-leading hospitality solutions,” explains Casi Johnson, President at M3. She continues, “Bringing the #1 hospitality focused ERP (Enterprise Resource Planning) and AvidXchange's vast payment network together through the latest API technology is an exciting offering for today's hoteliers!”

“AvidXchange is proud to partner with M3 to bring more functionality to hoteliers," says Brian Thayer, VP and GM of Sales at AvidXchange. ”With payment automation from AvidXchange, M3’s customers can increase efficiency, scale for growth and pay their suppliers faster to foster better relationships.”

Any M3 customers wanting to know more about this integration can contact Kristy Ingram at [email protected].

 

About AvidXchange®

AvidXchange is a trusted, 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 over 8,000 buyer customers, and it has made payments to more than 1,200,000 supplier customers of its 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 AvidXchange.

Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements generally relate to future events or our future financial or operating performance and often contain words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “future,” “likely,” “may,” “should,” “can,” “will” and similar words and phrases indicating future results. The information presented in this press release related to expectations of future performance, opportunities for future growth, as well as other statements that are not purely statements of historical fact, are forward-looking in nature. These forward-looking statements are made on the basis of management’s current expectations, assumptions, estimates and projections and are subject to significant risks and uncertainties that could cause actual results to differ materially from those anticipated in such forward-looking statements. We therefore cannot guarantee future results, performance or achievements. Factors which could cause actual results or effects to differ materially from those reflected in forward-looking statements include, but are not limited to, the risk factors and other cautionary statements described, from time to time, in AvidXchange’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, AvidXchange’s Annual Report on Form 10-K and other documents filed with the SEC, which may be obtained on the investor relations section of our website (https://ir.avidxchange.com/) and on the SEC website at www.sec.gov.

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.