Davidson Hotels & Resorts partners with M3 Accounting + Analytics to develop accounting platform
Davidson is currently implementing M3's accounting solution, AccKnowledge, to include paperless A/P through document imaging, tracking and workflow. As part of a phased rollout process, Davidson's first round of properties are now online, and those hotels are currently working with new systems that process and report mission-critical data in new ways.
Scott Watson, Vice President of Sales & Marketing with M3, said, "For over 15 years, we've worked with hotels across the spectrum; however, Davidson allows us to expand on our customer base within the upscale and near-luxury segment. We are extremely proud and excited to have them on the M3 roster."
Added Davidson's Wabler: "Our company was determined to identify hospitality accounting best practices, so we conducted a thorough search and vetting process that brought us to a partnership with M3. We're excited about our new web-based, real-time accounting solution to benefit hotel owners and Davidson team members."
"The strength of our accounting system is a critical component to the success of our overall platform," added John Belden, Davidson's CEO. "M3 provides us with an industry-specific tool that will enhance performance, both at the property level and within our centralized system."
The entire implementation and training process is expected to be complete in four months.
About Davidson Hotels & Resorts
Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 46 upscale, full-service independent and branded hotels with more than 13,000 rooms across the United States, including such affiliations as Hilton, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Sheraton, Westin, Marriott, Renaissance, Courtyard by Marriott and Radisson. More information is available at www.DavidsonHotels.com.
M3 helps make hospitality companies successful through accounting software and service that drives financial performance, processing more than $24 billion in financial transactions for nearly 5,000 properties. M3"s integrated suite of hospitality accounting products includes: Accounting Core, Operations Management and Time Management– all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need in the most integrated and cost-effective manner. M3 also offers outsourced hotel accounting solutions via M3 Professional Services. M3 is "Enterprising Hospitality." More information is available at www.M3AS.com.