M3, the hospitality industry’s #1 cloud-based financial and data management platform, has partnered with Paymerang, an award-winning accounts payable e-payment and payment fraud solution. The partnership was finalized on December 4th, 2019 and Paymerang’s services are expected to become available to M3 clients beginning on January 1, 2020.

With a payment network spanning more than 100,000 suppliers nationwide, Richmond, Virginia-based Paymerang provides its clients and partners across the U.S. with a simple, secure and profitable way to automate their accounts payable disbursements.

Paymerang’s integration with M3’s forward-thinking solutions is designed to reduce both the hours and the materials required for M3’s typical accounts payable processes through electronic payments and financial rewards, saving clients time, resources and money.

“The partnership between M3 and Paymerang will further streamline our clients’ financial processes and will go the extra mile to protect their data,” said Scott Watson, M3’s Chief Sales & Marketing Officer. “As M3’s customer base grows and becomes more diverse, we will continue investing in and partnering with solutions like Paymerang to ensure our proprietary and partner-delivered solutions consistently deliver to the highest of standards.”

“This partnership is a big win for the hospitality industry,” said Nasser Chanda, CEO at Paymerang. “We’re going to streamline how vendors get paid and make the industry more secure. Ultimately, this will allow hotel owners, managers and operators to drive financial performance and provide fantastic guest experiences.”

The solution will be made available to all customers within M3’s customer base, which consists of over 6,500 hotels.

This article was sourced from Hotel Interactive.