M3 (Accounting)
4.4 (443 REVIEWS)
HT Score
100 out of 100
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
Anna, Justin, Kathey + 16 more experts recommend M3
Read RecommendationsM3 (Accounting)
Ranked 1 (out of 39) in Hotel Accounting Software
2024 Winner
Hotel Software
Hoteliers voted M3 as the #1 Hotel Accounting Software provider in the 2024 HotelTechAwards
Learn about the HotelTechAwards rigorous 3-month process to rank the best hotel software in the worldAccounting software and service to power hospitality company performance
88% recommended by 443 hotels
Davidson Hospitality, Hotel Equities, Sage Hospitality & 440 others
What is M3?
Founded in 1998 | Headquarters in Lawrenceville (United States) | 554 employees
M3 (Accounting) is a comprehensive accounting software solution designed specifically for the hospitality industry. It streamlines daily and monthly financial operations, enabling seamless integration with various Property Management Systems (PMS). This integration ensures that users can effortlessly track and manage financial transactions. M3 allows hoteliers to store invoice images directly within the accounting system, simplifying accounts payable processes and significantly reducing manual data entry. Its user-friendly interface and customizable reporting features make it easy for new staff to adapt, fostering efficiency and improving overall operational workflows. By leveraging M3, hoteliers can reduce overhead, optimize labor costs, and enhance profitability, making it an indispensable tool for modern hotel management.
Capabilities
Scalable for growth
Scalable for growth
From single-properties to portfolios in the hundreds, M3 Accounting Core scales with your growth.
Cost & time savings
Cost & time savings
M3 provides a best-of-suite solution allowing hoteliers to dramatically reduce the number of systems required at the corporate level.
Tax & Reporting
Tax & Reporting
Report Writer customizes financial reports and how you want to see your data. Easily Set Tax by inputting predetermined tax rates for vendor invoices for use, sales, VAT, GST/PST/HST, and vendor withholding. Automatic 1099 & 1096 forms print data on US 1099/1096 IRS tax forms. Customizable Import / Export transfers data for JE’s, checks, invoices, vendors, budgets, historical data, and much more.
Planning & Management
Planning & Management
Quickly Setup Budgets with key metrics and a feature to lock metrics, ensuring they stay consistent across properties. Accurately Forecast and create multiple forecasts with key metrics for comparison across periods. Track Construction Project costs, set up as many as 3 budgets, associate JE’s, and vendor invoices to each project. Increase User Security with customized user access groups and roles for specific modules, functions, and properties.
Data Processing
Data Processing
Customize Daily Report with automatic PMS Importing and Daily Report rollover. Robust, Multi-Company, Accounts Payable module with partial payment schedules. Prepay Invoices in our Accounts Payable module limiting user error. MultiCurrency Exchange Rates and recurring invoices. Intelligent Document Imaging allows image and document attachments to vendor invoices and journal entries. Customizable General Ledger and chart of accounts.
Finance
Finance
Customized Financial reports how you want to see them. Automate Check Writing, check layouts, vendor payments (multiple properties), ACH, checks, ePay, and virtual credit cards. Cash Management across properties with cleared transactions and import reconciliation.
Secure data storage
Secure data storage
Your data is safe, secure, and always available through SSAE-16 audited data centers.
Features
Accounting
4/5 features
Forecasting & Budgeting
4/5 features
Reporting
4/5 features
Compliance & Tax
4/5 features
Data Management & Integration
4/5 features
Available Add-ons & Modules
CoreSelect
The M3 CoreSelect solution is the newest accounting and financial reporting offering from M3. It is a self-service accounting and financial data management solution targeting smaller portfolio hotel owners, operators, and management companies.
Tax & Reporting
Report Writer customizes financial reports and how you want to see your data.
Easily Set Tax by inputting predetermined tax rates for vendor invoices for use, sales, VAT, GST/PST/HST, and vendor withholding.
Automatic 1099 & 1096 forms print data on US 1099/1096 IRS tax forms.
Customizable Import / Export transfers data for JE’s, checks, invoices, vendors, budgets, historical data, and much more.
Planning & Management
Quickly Setup Budgets with key metrics and a feature to lock metrics, ensuring they stay consistent across properties.
Accurately Forecast and create multiple forecasts with key metrics for comparison across periods.
Track Construction Project costs, set up as many as 3 budgets, associate JE’s, and vendor invoices to each project.
Increase User Security with customized user access groups and roles for specific modules, functions, and properties.
Data Processing
Customize Daily Report with automatic PMS Importing and Daily Report rollover.
Robust, Multi-Company, Accounts Payable module with partial payment schedules.
Prepay Invoices in our Accounts Payable module limiting user error.
MultiCurrency Exchange Rates and recurring invoices.
Intelligent Document Imaging allows image and document attachments to vendor invoices and journal entries.
Customizable General Ledger and chart of accounts.
Finance
Customized Financial reports how you want to see them.
Automate Check Writing, check layouts, vendor payments (multiple properties), ACH, checks, ePay, and virtual credit cards.
Cash Management across properties with cleared transactions and import reconciliation.
M3 Insight
Business Intelligence
M3 Insight is the advanced analytics and business intelligence tool to enhance budget planning and accurate forecast predictions. It empowers hoteliers to make informed decisions with real-time insights from data aggregated from M3 Accounting Core, STR, GSS, OTB, M3 Labor Management, and more. M3 Insight simplifies data visualization, allowing quick access to crucial insights.
M3 Labor Management
Scheduling & Labor Management
M3 Labor Management streamlines workforce management with labor time optimization, payroll integration, reporting, and mobile access. It offers secure time and attendance options, biometric verification, geofencing, and simplified forecast driven scheduling, bonus distribution, and contractor management, while providing flexible reporting and real-time labor tracking.
M3 Reviews Summary
Ease of Use
4.4/5
Customer Support
4.5/5
ROI
4.3/5
Implementation
4.2/5
Recommended by
Achievements
This vendor's trending score is rising, M3 (Accounting) is the #2 most trending product in the Hotel Accounting Software category (out of 39) and the #40 most trending product overall in the global hotel tech ecosystem. HTR assesses vendor's real time activity in the market to give buyers a sense of whether a product is gaining momentum
Learn moreM3 has opened its internal systems to Hotel Tech Report and earned the Verified Support Certification.
Learn more about this achievement in the official press releaseHoteliers voted M3 as the #1 Hotel Accounting Software provider in the 2024 HotelTechAwards
Learn about the HotelTechAwards rigorous 3-month process to rank the best hotel software in the worldThis vendor has earned the Certificate of Excellence which is awarded to vendors who exemplify transparent cultures and come highly recommended by their clients. For more information, please see the help center.
Learn about the criteria required to achieve HotelTechReport's Certificate of Excellence
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the worldRecommended for
M3 Pricing
Average
This product is priced in line with the average product in the category which is usually an indicator that it is a standard product with standard functionality designed for typical operations and use cases and properties.
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M3 Case Studies
References
"We have been able to hand our hotel General Managers a tool to see their labor costs versus their budget on a daily, weekly, bi-weekly, bi-monthly, and monthly basis"
Glenn Young
Risk & Financial Officer @
"It is no doubt that M3 is more streamlined, more efficient, and is positively driving our bottom line"
James Fair
Co-Founder @
"Insight's ability to integrate with third-party data, such as Smith Travel and brand Guest Satisfaction Scores (GSS), is important because owners want to see more than just the revenue from the day."
Keith Schreiner
Senior Vice President of Accounting @
GF Isabel
"Being able to consolidate information very efficiently has saved countless amounts of work hours."
Kurt Gyalog
Director of Business Intelligence @
"Accounting Core is so easy to use; being able to log on and get PnLs and bank reconciliations, setting up users, and having everything in one place is so beneficial."
Mardi Morris
Chief Financial Officer @
"If you are in the hotel business, you use M3!"
Shilpa Vaidya
Controller @
Schahet Hotels, LLC.
Featured Customers
Popularity by Segment
Size
26 | X-Small (1-9 room)
13 | Small (10-24 room)
58 | Medium (25-74 room)
264 | Large (75-199 room)
150 | X-Large (200+ room)
Country
462 | United States of America
20 | Canada
6 | Bahamas
4 | United Kingdom
3 | Mexico
3 | Singapore
2 | Cayman Islands
2 | India
1 | New Zealand
1 | Italy
1 | United Arab Emirates
1 | Kenya
1 | Malaysia
1 | Denmark
Type
371 | Branded Hotels
209 | Bed & Breakfast & Inns
164 | Limited Service & Budget Hotels
153 | Boutiques
143 | Airport/Conference Hotels
120 | Luxury Hotels
112 | Resorts
92 | City Center Hotels
67 | Extended Stay & Serviced Apartments
23 | Hostels
23 | Motels
13 | RV Parks & Campgrounds
12 | Casinos
6 | Vacation Rentals & Villas
Region
485 | North America
8 | Central America
6 | Europe
6 | Asia Pacific
1 | Oceania
1 | Middle East
1 | Africa
Category
443 | Hotel Accounting Software
159 | Business Intelligence
158 | Scheduling & Labor Management
More Products by M3
Hotelier Rating
Hoteliers say
NEW AI Review summary
Hoteliers like M3 for its ability to streamline daily and monthly financial operations, integrate seamlessly with various PMS systems, and store invoice images directly in the accounting system, thereby improving the overall efficiency in managing accounts payable. Users particularly appreciate its ease of use for new staff, customizable reporting features, and the significant reduction in manual data entry. However, frequent software slowdowns, image scanning issues, and outdated interfaces are common concerns. Addressing these glitches could further enhance its potential to elevate profitability and reduce operational costs for hotels.
AI-generated from the text of customer reviews
Looking for specific info?
6
Good product but needs improvement
from 100 to 199 room Branded Hotel in Santa Cruz (United States of America)
Verified
4 days ago
We like the ease of use of M3, the simplicity and that it is web-based for the most part. There are many features that do not exist in M3 that we wish did compared to our previous accounting software. The support is great and helpful. Very responsive and follows up in issues if needed.
United States of America
United States of America
Large Hotel
9
The M3 Experience
Admin and Sales Coordinator from 75-99 room Boutique in Dallas (United States of America)
Verified
4 days ago
For myself personally, I enjoy how easy M3 is to use and to navigate to different sections that are needed. I also enjoy that everything is detailed in a way that you can get all the information you need and its quick and easy to find.
United States of America
United States of America
Admin and Sales Coordinator
Large Hotel
10
Best Hospitality Accounting Software
from 50-74 room Luxury Hotel in Desert Hot Springs (United States of America)
Verified
5 days ago
I have worked with PeopleSoft, NetSuite, Sage, Data Plus, amongst others, and find M3 to be seamless, user friendly, easy to navigate and teach others. If I run into any need, support has been quick and friendly.
United States of America
United States of America
Medium Hotel
10
M3 is an excellent accounting system for hospitality.
President from 75-99 room Bed & Breakfast & Inn in Englewood (United States of America)
Verified
5 days ago
Awesome system and great people to work with, they are always responsive to your needs and willing to assist as needed.
United States of America
United States of America
President
Large Hotel
8
Specialized for Hotel Accounting!
VP Corporate Accounting from 100 to 199 room City Center Hotel in Walla Walla (United States of America)
Verified
5 days ago
M3 Accounting Software is built for hotel accounting. •Daily imports from the PMS save us time. •The integrated chart of accounts allows us to add GLs across all properties at once. •Business Intelligence is crucial at budget time and ensures we can collaborate across all properties.
United States of America
United States of America
VP Corporate Accounting
Large Hotel
10
Simple & Efficient
Assistant General Manager from 100 to 199 room Bed & Breakfast & Inn in Kennesaw (United States of America)
Verified
5 days ago
Always easy to access all the information I need whether it is entering invoices, audit report input, or even labor management. Scheduling is very easy on their platform, all staff can easily access their schedules and make request at their own convenience. Many reports are available to help keep track of hours or budgeting expenses, helps...
United States of America
United States of America
Assistant General Manager
Large Hotel
10
Best Hospitality Software
accountant from 100 to 199 room Bed & Breakfast & Inn in Bristol (United States of America)
Verified
5 days ago
In general, I like how easy it is to prepare my financial statements, how easy it is to upload my documents, invoices, among others, to the system. I feel like it makes my workday easier.
United States of America
United States of America
accountant
Large Hotel
10
Quick and Easy
General Manager from 100 to 199 room Branded Hotel in Morrisville (United States of America)
Verified
5 days ago
For the most part our M3 pulls all data from Hilton PEP reports which makes it quick and easy to complete daily reports. One thing I LOVE about M3 is that it will show you where discrepancies are.
United States of America
United States of America
General Manager
Large Hotel
10
M3 software makes my work life easier!
Controller from 50-74 room Bed & Breakfast & Inn in Nairobi (Kenya)
Verified
8 months ago
It is not that the software is easy to use...and it is! It's not that the software gives you good information that non-hotel people can understand and use... because it does!.And it's not because its affordable for smaller hotels...because it is.It's because the people are nice and helpful, the service you get from M3 is what sets them apar...
Kenya
Kenya
Controller
Medium Hotel
8
Accounting Core
from 100 to 199 room Branded Hotel in Sanbornton (United States of America)
Verified
8 months ago
I do like the ease of being able to create financial statements. Still learning but so far so good. I can't wait to keep learning about the system. The ease of going from one company to the next. The ease of creating end of year entries. The ease of finding out of balances quickly and fixing them. The ease of running the trail balance an...
United States of America
United States of America
Large Hotel
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Expert Q&A and Partner Recommendations
Submit Recommendation
Question:
What does this product or service do well?
Answer:
M3 provides a state of the art software solution for the hoteliers of today. Focusing on cloud-based innovations, M3 is able to offer an entire analysis with integrations, showcasing their strengths in the accounting sphere of hospitality.
Showing all answers to: "What does this product or service do well?"
M3 provides a state of the art software solution for the hoteliers of today. Focusing on cloud-based innovations, M3 is able to offer an entire analysis with integrations, showcasing their strengths in the accounting sphere of hospitality.
M3's accounting core is the industry standard in accounting because it is designed specifically by and for hoteliers. All other accounting systems needed to be shoe-horned to fit the management company and how hotel operates.
It is very comprehensive, easy to use and, most importantly, specifically geared for hotel management companies. The can-do attitude of the support staff is top notch. Also, M3 is committed to ensuring the product is up-to-date and secure with the latest technology.
M3 Accounting was built for the hotel industry specifically, so its solutions match and evolve with the industry's needs. M3 offers an excellent tool with comprehensive financial management capabilities, user-friendly interfaces, and integration options.
Employee data flows seamlessly from the payroll module within Inova HCM to the M3 time management system, eliminating the need to export and import files when employees are added or removed, or when there are changes in jobs or rates of pay
Question:
What differentiates this product or service from the competition?
Answer:
M3 stands out in their strengths of optimization toward enhancing hoteliers accounting software. M3’s dedication to the hospitality industry showcases an unwavering commitment to both vendors and partners.
Showing all answers to: "What differentiates this product or service from the competition?"
M3 stands out in their strengths of optimization toward enhancing hoteliers accounting software. M3’s dedication to the hospitality industry showcases an unwavering commitment to both vendors and partners.
As noted above, the key differentiator is M3's sole focus on the hospitality industry and on the features and functionalities that hoteliers need. For example, M3 has invested heavily in integrations with Actabl to make sure that hoteliers avoid manual data entry and other labor-intensive tasks.
The service is superb and tailored to meet the needs of the hotel industry. Many have worked in hotels and understand the nuances of the business. As mentioned before, M3 is 100 committed to making their product suite competitive, secure and the best in the business.
They are a wonderful partner to work with and shares our vision to provide the best experience possible for our mutual clients.
M3 allows you to customize your reporting depending on your unique needs, they invest in staff training, and leverage operational benchmarking by HotStats to complement their own products and services.
The services available through their system and partnerships differentiates M3 from what it offers clients and prospects. Also, the people behind M3 have always been incredible - hardworking, kind and want the best for everyone involved. They're knowledgeable about the industry, their product and how to help their clients best!
Question:
Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?
Answer:
Our partnership with M3 is based on our co-primary objective of providing hoteliers with a one stop solution for their property management and accounting needs. M3 has worked with us and our team to create an integration for hoteliers as a one-stop solution. I would recommend their team and system.
Showing all answers to: "Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?"
Our partnership with M3 is based on our co-primary objective of providing hoteliers with a one stop solution for their property management and accounting needs. M3 has worked with us and our team to create an integration for hoteliers as a one-stop solution. I would recommend their team and system.
M3 not only has an amazing product and intense focus on delivering for their customers - but they also understand that the needs of the customer extend to other products and services (which in turn enhances the experience for the customer). That ecosystem is very powerful.
M3 is the best in the hotel business in providing accounting, TLM and analytics to help you run your operation better. Be sure to look at their entire product suite. They have invested considerably in new technology to ensure their clients have the best tools available to optimize staffing, monitor expenses and trends and run a more profitable business.
I would advice them to make use of all the support options M3 has to offer to make sure that they are setting up the reports and accounts to meet their unique needs. M3 is very responsive and has multiple ways of communicating with customers, so don't miss your chance to engage with them!
Have a conversation with M3. Demo the product. Engage with the staff. Check out the additional services and options they offer. I believe all these pieces will best help guide your decision when considering M3.
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Leave a recommendation
Posts
M3
3 weeks ago
Blackstone Acquires Majority Stake in Leading Hotel Accounting Software and Services Provider M3
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3 months ago
M3 and Paymerang Expand Partnership to Accelerate Payment Automation for Hotel Finance Teams
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4 months ago
M3 and AvidXchange Expand Partnership
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4 months ago
M3 Honored as Gold Stevie Award Winner In 2024 American Business Awards
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5 months ago
Energage Named M3 A Winner of the 2024 Top Workplaces USA
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6 months ago
M3 Announces Two New Executive Team Members
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6 months ago
M3 Named 2023 Most Innovative Cloud-Based Financial Platform 2023 - North America by Innovation in Business
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8 months ago
M3 Named Best Finance & Accounting Software for the 4th Consecutive Year in the 2024 HotelTechAwards
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10 months ago
M3 Unleashes Cutting-Edge, Next-Generation Accounting Platform
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11 months ago
M3 and Trintech Release New Enhancements to Streamline Financial Processes
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1 year ago
M3 Announces Promotion of Two Senior Executives
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1 year ago
A Blueprint for Success: Unraveling the Complexities of Budgeting and Forecasting
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1 year ago
M3 Achieves Remarkable Q1 Sales Results as the Leading Provider of Back-Office Solutions for the Hospitality Industry
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1 year ago
M3 Honored as Gold Stevie® Award Winner in 2023 American Business Awards®
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1 year ago
M3 Announces Upcoming 2023 Conference Season Attendance
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1 year ago
M3 Named 2022 Best Cloud-Based Financial Platform by Innovation in Business
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1 year ago
M3 Named Best Finance & Accounting Software for 3rd Consecutive Year in the 2023 HotelTechAwards
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1 year ago
M3 Propelling Into 2023 As It Surpasses 7,500th Hotel Milestone
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1 year ago
GF Hotels & Resorts Leverages M3's Back-Office Systems to Achieve Scale, Visibility, & Reliability for It's Portfolio
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M3's Boutique Accounting Services Assist North Star Lodging Management in Back-Office Procedures
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M3’s Director of Development, Named a Timmy Award Best Tech Manager Finalist
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M3 Adds 7,000th Hotel as Record Growth Continues
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2 years ago
M3 Wins Globee® in the 14th Annual 2022 Golden Bridge Business and Innovation Award
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M3 Releases New Features Within Labor Management Mobile App
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M3 Recognized as Top Employer in Greater Atlanta Area
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M3 Recognized as Company of the Year - Hospitality & Leisure in 2022 American Business Awards®
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M3 Helps Launch $350k Ukraine Relief Initiative by Becoming a Founding Partner of HospitalityforPeace.org
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M3 Announces Keynote Speaker for 2022 Partners’ Meeting
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M3 Named Best Reporting & Accounting Software in 2022 HotelTechAwards
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Support
Verified Support
M3 has opened their internal support tools and processes to Hotel Tech Report and has achieved the GCSC Support Certification which verifies the tools and processes they have in place to support customers.
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