M3 and Nvoicepay Redefining Payment Automation in the Hospitality Industry

  • August 04, 2020

New partnership delivers meaningful accounting changes to hospitality back offices

GWINNETT, GA, AND PORTLAND (PRWEB) AUGUST 04, 2020 - M3 and Nvoicepay announce their partnership to offer hospitality businesses a solution that simplifies and improves back-office processes.

Together, M3 and Nvoicepay offer a holistic AP payment solution to the hospitality industry, which not only reduces the overall cost of making payments, but also enables businesses to mitigate payment fraud risk and generate rebates. Both companies strive to support hospitality businesses as they adopt streamlined, electronic workflows into their back-office procedures.

M3 is the hospitality industry’s leading cloud-based financial and data management platform, driving cost savings, revenue enhancement and data insight for over 6,300 hotels, of which, more than half are among the top hotel management companies in the U.S., as ranked by Hotel Business. Used by management groups and hotels of all sizes, the platform works seamlessly with other key systems and tools to offer robust accounting and financial analysis across entire portfolios with optional operations and time management features that can be customized for a hotelier’s specific needs.

Nvoicepay takes outdated back-office processes and refreshes them with automation solutions. By creating an end-to-end payment automation solution, Nvoicepay has reinvigorated back-office procedures, making it easy to select and make payments of any type with the single click of a mouse. Their payment support teams offer assistance to suppliers, alleviating that time-consuming task from the accounts payable workload.

“For more than 20 years, M3 has designed and deployed its products to make hoteliers’ lives easier, and we look forward to continuing to expand and improve our offerings by partnering with the best providers in the industry,” said Scott Watson, M3’s Chief Sales & Marketing Officer. “Joining forces with partners like Nvoicepay allows us to continue creating customized experiences for the hotels and businesses we serve, saving them time and money in the process.”

“These days, businesses are looking for simple but robust back-office automation solutions to meet their needs, and Nvoicepay is excited to deliver,” said Josh Cyphers, Nvoicepay President. “Our strategic and welcomed partnership with M3 enables us to meet the needs of the hospitality industry through our solution, which offers robust payment risk protection and a supplier network that turns making payments into a simple and secure task.”

Sign up to join M3 and Nvoicepay’s webinar on Thursday, August 27th at 10 a.m. PT, for a discussion about the need for payment automation in the hospitality industry.

About M3:
Built by real hoteliers, exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company that serves more than 6,300 properties across North America by driving cost savings, revenue enhancement and data insight. M3’s professional services team provides on-demand support for hotels of any size by offering a full range of customized accounting solutions to scale with a hotel’s needs. Privately held and employee owned, M3 also includes a proprietary hotel benchmarking index that combines data from more than thousands of properties into a single accessible data set to compare hotels. For more information, visit http://www.m3as.com.

About Nvoicepay:
Nvoicepay, a FLEETCOR company, transforms the way firms pay their domestic and international suppliers. For over 500 customers across 2,700 entities, the company optimizes electronic invoice payments for enterprises with intuitive cloud-based software and comprehensive services. Only Nvoicepay offers an intelligence-driven payment automation solution purpose-built for the most complex firms. By automating all payments, finance teams win through dynamic supplier activation, superior supplier services, and remarkable results, unlocking value in the payments process. Visit https://www.nvoicepay.com/ or contact Nvoicepay to learn more.

 

Read the original announcement from M3.

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