M3, the hospitality sector’s #1 cloud-based accounting, financial and data management platform in North America, announced today M3 Expense Management,a cost-reduction and spend-analysis service powered by consulting firm SIB, to help M3 customers further identify cost-saving opportunities at a discounted rate with fast-track prioritization.

Through M3 Expense Management, SIB will perform a spend analysis on participating M3 customers’ GL spend reports and invoice copies to compare costs and indirect spending to benchmarked pricing data sourced from over 70,000 locations across the U.S. and Canada to ensure that service levels match actual needs and consumption levels as efficiently as possible.

“At M3, we are always searching for competitive cost-saving initiatives and no-cost, value-add opportunities that we can pass along to our customers to help boost their bottom lines and drive efficiencies,” said Scott Watson, Chief Sales and Marketing Officer at M3. “SIB offers accurate spending reports using information sourced directly from M3’s Accounting Core platform and other property systems to gain an in-depth view into company expenses and find areas where savings are possible. In today’s world, all opportunities to deliver savings to our customers, even indirectly, are being considered. It is just another intangible benefit of working with M3.”

SIB’s services also offer historical bill auditing to identify any overcharges and recover refunds and credit where applicable, as well as assist with contract negotiations to take advantage of benchmarked pricing and best-in-class terms and conditions in vendor-service agreements.

“The partnership to create M3 Expense Management is such a natural fit for both SIB and M3,” said SIB’s CEO Kevin Flounders. “M3 already has a phenomenal software to help their hoteliers manage finances, and now with SIB's audit teams and the data from over 70,000 reviewed sites, M3’s customers can be assured an additional level of value with their financial services. Finance leaders are always looking for opportunities to save more time and money, and we're excited to help on both fronts with this service.”

Developed, designed and deployed specifically for hoteliers, M3 offers hospitality industry professionals a user-driven financial and labor management platform. From single-location properties to entire hotel portfolios, M3 delivers a powerful and intuitive user experience while providing actionable data in real time.

For M3 customers interested in receiving a complimentary spend analysis, please contact M3’s National Inside Sales Executive Kristy Ingram at [email protected].

To learn more about M3 Expense Management or to request a demo, visit www.m3as.com.

About M3

Built by hoteliers, exclusively for hoteliersTM, M3 is a robust cloud-based financial platform and services company serving over 9,000 entities across North America's hospitality industry helping drive cost savings, revenue enhancement, and business insight. With over 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", "Built by hoteliers, for hoteliers," 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.

Haley Wolf
Marketing and Public Relations Manager
+1 770 533 0545

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