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M3 Releases New Features Within Budget and Forecast Tool

  • M3
  • 09.07.22

M3 recently released new features within its Budget and Forecast tool. These upgrades provide new and enhanced functionality and allow hoteliers easier data input and streamlined access to essential information.

M3’s Budget & Forecast tool allows customers to use advanced functions and features, including a fast and intuitive interface, built-in forecast accuracy reporting, and a place to compare budget or forecast data to a variety of sources. Users will also have access to revenue-specific views and a full set of industry-specific drivers that allows them to auto-calculate values. In addition, this insightful tool seamlessly integrates with M3 Accounting Core.

M3’s new Budget & Forecast tool was designed keeping the customer experience in mind during the budget and forecast creation and approval process. The tool makes collaboration easy with fully customizable user access security, locking, notes, and copy functionality. The tool also populates all necessary comparison data into the edit screen for a seamless user experience. In addition to these new features, the tool includes machine-assisted learning through step-by-step tutorials, videos, and FAQs – all designed to make the user’s job easier.

With added collaboration and easy reporting, customers will be able to find all the necessary information to create custom reports on demand. There are no set-up fees or implementation costs, and the monthly subscription fee is very affordable. Whether it’s a single property operator or a large, third-party management company, anyone can afford access to this innovative, new tool.

Although M3’s new Budget and Forecast tool offers many benefits to hoteliers, it can offer even greater value when coupled with other products in the M3 product suite, such as Labor Management. When using the full M3 product suite, in conjunction with the new Budget and Forecast tool, a hotelier can be confident that their data has integrity, and they are making key business decisions predicated on accurate snapshots of their portfolio.

Built by hoteliers exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company serving over 7,500 properties across North America’s hospitality industry by driving cost savings, revenue enhancement, and business insight. After 23 years in business without increasing prices, M3 touts a 95 percent customer retention rate. Used by over 1,000 management groups and owner-operators and hotels of all sizes, the platform works seamlessly with other key systems and tools in the hospitality industry and offers robust accounting and financial analysis across entire portfolios with optional operations and time management features. 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 continues to enhance products and services at no additional charge to its customers. For more information, visit www.m3as.com.

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