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 security solution. The partnership was finalized on Dec. 4, and Paymerang’s services are expected to become available to M3 clients beginning on Jan. 1, 2020.
“The collaboration with M3 is a prime example of two well-matched company cultures coming together to provide a best in class solution for the lodging industry” said Michael Prall, VP of Lodging and Hospitality for Paymerang.
“This strategic partnership provides for the implementation of current, and future development of, software technology that will create a secure and efficient accounts payable platform for the lodging industry.”
Paymerang’s integration with M3’s forward-thinking solutions is designed to reduce both the hours and materials required for M3’s typical accounts payable processes. By utilizing electronic payments, M3’s clients will save time, resources, and money—while earning financial rewards.
“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 of M3’s nearly 6,000 hotel customers, more than half of which are among the top hotel management companies in the U.S. as ranked by Hotel Business.
Click here to view the press release.