M3, a provider of accounting and financial solutions for the hospitality industry, announces a strategic alliance with Reeco, the AI-driven procure-to-pay platform in the hospitality industry. This collaboration streamlines hotel procurement by improving communication, increasing visibility and helping control costs in one seamless workflow.
By partnering M3’s accounting solution, Accounting Core, with Reeco’s re-imagined procurement management platform, hoteliers can now automate purchasing, financial tracking, and vendor management, freeing themselves from timely, outdated methods and antiquated systems. The companies together have a scalable solution designed to optimize profitability for hoteliers of all sizes by enabling better purchasing decisions.
“At M3, we are committed to providing hoteliers with the right tools to empower the right decisions for their business. Our partnership with Reeco reaffirms that commitment,” M3 President Casi Johnson said in a statement.
“We’re proud of the impact Reeco has made for some of the most respected names in the hospitality industry," said Henrik Shimony, co-founder and CEO at Reeco. "Our partnership with M3 marks a major milestone, allowing us to bring our solution to every M3 customer in the American market. Growing up in a family of hoteliers, I can say with confidence—this is a game-changing partnership.”
Reeco has become a preferred partner of M3’s Strategic Alliance program, providing an opportunity for companies stretching well beyond integrated functionality. This alliance provides integrated services, integrated support, and preferred pricing benefits to enhance the entire customer journey.
Reeco eliminates the challenges of manual procurement processes and legacy systems, including unreliable data, volatile pricing, ineffective inventory management, and fractured vendor relationships, by unifying procurement and receiving, inventory, recipe management, and accounts payable into a single system to save tremendous time and costs.