J&P Asset Management

As J&P continued to expand, the company realized its existing financial system could no longer sustain its rapid growth. The need for a more sophisticated solution became evident, one that could accommodate complex property management accounting, provide real-time insights, and ensure effortless scalability.

M3’s Accounting Core^TM software offering emerged as the top choice due to its comprehensive feature set designed specifically for the hospitality industry. It offered real-time financial data, customizable reporting, and the scalability needed to support J&P’s rapid expansion. Moreover, the product’s robust security features and user-friendly interface made it the ideal fit for J&P’s growing portfolio.

Eric Chance, Chief Accounting Officer at J&P Asset Management, shared, “Since adopting M3, we’ve seen improvements not just in reporting speed but also in the quality of our financial decision-making. It’s become an indispensable tool for our day-to-day operations.”

Since integrating M3’s Accounting Core^TM solution, J&P has witnessed significant improvements in its financial procedures and month-end close process. The product’s real-time data and analytics have enabled J&P to make faster, more informed decisions, significantly improving financial accuracy and timeliness.

One of the most impactful changes since implementing the Accounting Core^TM software has been the ability to generate custom reports that cater to J&P’s unique asset management needs. These reports have enhanced transparency across the organization, allowing department heads to gain detailed insights into property performance, expenses, and revenue streams.

Additionally, the automated workflow processes provided by M3’s Accounting Core^TM product have drastically reduced the time previously spent on manual data entry and reconciliations. The solution’s ability to integrate seamlessly with other property management systems has further streamlined operations, allowing the finance team to focus on higher-level strategic initiatives.

Features and Benefits of Accounting Core^TM

M3’s Accounting Core^TM offering brings several features that have transformed J&P’s financial operations, including:

• Real-time Data Access: This feature allows J&P to monitor financial performance instantly, providing instantaneous data across all its properties. Access to real-time data has enabled the company to react swiftly to market changes and make timely and actionable business decisions.
• Customizable Reporting: The ability to tailor financial reports to specific needs has been revolutionary for J&P. With a diverse portfolio spanning across the U.S., the flexibility to design reports that highlight key performance metrics has provided deeper insights into the company’s financial health.
• Automation and Scalability: As J&P continues to grow, the scalability of M3’s solution ensures that it can accommodate additional properties without any degradation in performance. The automation of tedious, repetitive financial processes has freed up valuable time, allowing staff to focus on strategic initiatives.
• Secure Cloud-Based Offering: The cloud-based nature of Accounting Core^TM solution ensures that all financial data is securely stored and accessible from anywhere. This feature has fostered greater collaboration among J&P’s management team, enabling them to review reports and data remotely.
• Multi-Entity Management: Managing multiple properties across various regions can be challenging, but M3’s multi-entity capabilities simplify the process. The solution allows J&P to consolidate data from all properties into a single dashboard, making it easier to analyze overall performance while still being able to drill down into individual property metrics.