M3, Avero Partnership Expands Cloud-Based Accounting Services to Food & Beverage Industry
M3, a cloud-based financial and data management platform for the hospitality industry, has partnered with Avero, a restaurant revenue management software company serving the food and beverage (F&B) industry, allowing hoteliers to streamline restaurant operations and positively impact their bottom lines.
Currently maintaining over 100 integrations with top point of sale (POS), labor and payroll systems, Avero offers restaurant analytics software that enhances M3 data, revealing powerful insights on server performance, labor and food costs, revenue management and more.
“M3 currently integrates with numerous property management solutions in the hotel market,” said Todd Rendle, Avero’s Chief Financial Officer. “This partnership allows M3 to extend its system integrations to over 50 different food and beverage point-of-sale systems and consequently improve data quality and efficiencies to drive financial performance.”
Utilizing Avero’s F&B integrations and revenue management software, M3 customers can run a variety of successful enterprise-wide initiatives including increasing profit with menu engineering, reducing food costs and waste and improving server performance. M3 customers will also have the ability to integrate their back-office platforms with more than 50 F&B POS platforms, including Aloha, Micros 3700 and Hosted Symphony.
M3’s dedicated integrations team additionally focuses on accumulating actionable data to help customers increase efficiencies, maximize data quality by reducing the need for manual entry and intervention, improve guest experiences and drive overall financial performance.
“In our commitment to drive hotel financial performance through technology, M3 is expanding the industry’s back-office functions by modifying software integrations to allow the electronic capture of additional revenue streams beyond PMS,” said Scott Watson, M3’s Chief Sales & Marketing Officer. “As M3’s customer base grows and diversifies, we will continue investing in and partnering with solutions like Avero to meet our customers’ specific needs and ensure our solutions consistently deliver to the highest of standards.”
Access to Avero’s POS integrations and revenue management software can now be added to any customer subscription by contacting M3. M3’s customer base consists of more than 6,300 hotels, of which, more than half are among the top hotel management companies in the U.S., as ranked by Hotel Business.