M3, the leading cloud-based hospitality accounting, financial management and data management platform, announced today that one of its partners, McNeill Hotel Company, has added more than two dozen hotels to its growing portfolio in the last four years with the help of M3’s accounting software and professional services.
McNeill, a nationally recognized hotel owner, developer and manager, partnered with M3 before opening its first property in 2015, making the company one of the first to use M3 Professional Services, M3’s customizable and outsourced accounting services.
“Choosing M3 was a no brainer for us – we never had a second thought,” said Mark Ricketts, McNeill Hotel Company’s President and Chief Operating Officer. “M3 was a lifesaver and their services allowed us to accelerate our growth model.”
From the beginning, M3 provided McNeill with outsourced professional accounting services covering the gamut of property-level and corporate accounting. This allowed McNeill the flexibility for unlimited scalability without hiring additional support staff.
McNeill also implemented M3’s Accounting Core and payroll partnering tools. As M3’s entry point solution, Accounting Core is its monthly subscription-based ERP solution that provides robust accounting and financial reporting. M3 partners with the best names in hospitality payroll delivery to streamline payroll services end-to-end and offer complete back-office payroll functionality that seamlessly updates general ledger entries into the M3 database.
“M3’s platform allows us to store so much data that forecasting becomes a one-stop shop,” Ricketts said. “We don’t have to pull up any separate reports because it’s all under the M3 data that comes directly from our hotels.”
McNeill also plans to implement M3’s new business intelligence platform, Insight. As a fully integrated self-service platform, Insight effortlessly compiles data from all M3 tools as well as the industry’s most recognized data providers into a single dashboard, allowing hoteliers to make real decisions in real time.
“From day one, M3’s platforms have been carefully designed, developed and deployed to make a hotelier’s life easier,” said Scott Watson, M3’s Chief Sales & Marketing Officer and Partner. “We will continue offering solutions that drive hotel performance, which help our partners expand, scale and contribute to the successful operation of their portfolios.”
This article was sourced from Cision PR Web.