Avero is proud to announce our integration with M3, a cloud-based financial and data management platform for the hospitality industry. Our partnership delivers a software integration that allows our mutual customers to tap into the benefits of each platform.
Avero works by capturing the data flowing into a restaurant’s point of sale (POS) system including food & beverage orders and customer payments. Restaurant operators can then easily access and interpret that data to help make smarter operational decisions.
M3’s robust financial accounting tools import data from a variety of sources to create customized dashboards and reports that help hoteliers analyze financial performance and discover critical trends.
By using the Avero integration, M3 customers can now automatically pull F&B data into their general ledgers and business intelligence dashboards without wasting time manually entering that data themselves and making costly entry errors.
The integration with Avero also makes over 50 POS integrations available to M3 users, including the top 10 hospitality solutions.
Benefits of the Avero and M3 integration
The Avero and M3 integration delivers the best of both worlds to mutual customers who need more visibility into F&B operations as well as powerful accounting tools.
On-property F&B outlets are a key source of revenue for hotels of all sizes. A hotel group’s finance and accounting teams need visibility into F&B sales and profits when evaluating the portfolio’s overall financial performance. The new integration makes that simple.
Rather than exporting F&B performance data manually from Avero and building it into their general ledgers, hotel operators can rely on the integration to facilitate an instant, automated data import.
With Avero’s rigorous data quality standards, M3 users don’t have to contend with messy, surface-level data. They can dive deep into F&B sales data grouped by meal period to perform more accurate and powerful analysis. This type of visibility enables hotel groups and enterprises to spot opportunities to increase efficiency, reduce overhead, and drive a stronger financial performance.
Plus, having data automatically imported doesn’t just save the finance department countless hours of busy work. It also helps avoid costly data-entry errors that can be difficult to spot and time consuming to rectify.
Insights for everyone
The Avero/M3 partnership makes it easy for every type of user to get the insights they need with a few clicks of the mouse.
The hotel group’s financial department receives a steady stream of clean, normalized data, directly into their M3 platform where it can be analyzed, visualized, and manipulated at will.
But accurate performance data isn’t just the purview of the corporate office. Operational managers also need that data to guide day-to-day operations and to stay on track with the budget. Instead of waiting for direction from the accounting office, F&B operators can see their performance in the moment, and act accordingly.
Avero’s Senior Product Manager Jed Staufer said, “The Avero and M3 integration combines the power of granular, accurate restaurant data, with a robust accounting and business intelligence offering to deliver best-in-class hospitality technology.”
Access to Avero’s POS integrations is currently available to all M3 subscribers. Contact M3 for more information on how this integration can benefit your hotel.