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HIA vs M3 CoreSelect

HIA and M3 CoreSelect both offer cloud-based, hotel-specific financial management software. In a showdown between HIA vs M3 CoreSelect, Who is the Best Choice?
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The Rundown

The main distinction between Hotel Investor Apps (HIA) and M3 CoreSelect is the level of functionality. HIA is a True-Cloud ERP and comes out-of-the-box with robust financial reports, dashboards and accounting automations, with functionality to help medium and large portfolios and management companies run more efficiently. 

M3 Core Select is a true-cloud based product (no Citrix), but a more limited version of the standard M3 Accounting Core product. M3 describes CoreSelect as “self-service accounting” ideal for hoteliers with 1 – 5 hotels, who currently rely on manual solutions or off-the-shelf products. 

Compared to HIA, CoreSelect has more limited modules, no dashboards, no mobile app, less customization options, and lacks functionality for larger portfolios, such as no roll-up reports.

Feature Comparison

Features & Functionality
HIA
M3 CoreSelect
Hotel-Specific
Daily Reports
Document Management
Budgeting & Forecasting
Business Intelligence
Full Mobile Capabilities
Dashboards
Employee Expense Management
Real-Time Bank Balances
Dynamic Approval Process
Non-Dynamic
Enhanced Reporting
STR Connectivity
Roll-up Reports
Custom Daily Report per Hotel
Drill Down on Reports
Report Scheduler
Email Option
Custom Cover Sheet
Labor Management
Security
Two Factor Authentication
Change Passwords Yourself
Secure by User and Device
Ease of Use
Fully Browser-based
Knowledge Base integrated
Search Capabilities within System
Limited
Drag & Drop Files
Two-Way Excel Integration
Asset Management
Accounts Receivable
Project Management
Contract Management
Fixed Assets
Purchase Orders
Inventory
Pricing & Implementation
Unlimited Users Included
Open API
Open and Closed AP

What do our Customers Say about HIA?

Top 5 Differentiators

Differentiator #1:

HIA Offers a Full Scope of Functionality

HIA

HIA is a True-Cloud ERP and comes out-of-the-box with robust financial reports, dashboards and accounting automations, with functionality to help medium and large portfolios and management companies run more efficiently. 

This includes features like workflows – for example our Dynamic Expense Approvals, where you can route expense approvals based on customized thresholds. It also includes advanced security – such as two factor authentication and security by both user and device.

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M3 CoreSelect

M3 CoreSelect is a true-cloud based product (no Citrix), but a more limited version of the standard M3 Accounting Core product. M3 describes CoreSelect as “self-service accounting” ideal for hoteliers with 1 – 5 hotels, who currently rely on manual solutions or off-the-shelf products. 

The system does not have dynamic approval workflows or advanced security that includes two factor or by device.

Differentiator #2:

HIA Supports Management Companies

HIA

HIA is designed to manage a portfolio of hotels, including hotels with multiple entities within them, such as restaurants and retail outlets, with the right structure to do so. HIA is also perfect for management companies, with great consolidated portfolio roll-up reports, advanced Intercompany transactions, and management company billing options.

HIA also has full back-office functionality that goes beyond accounting. Optional add-on modules include Business Intelligence, Project and Construction Management, Purchase Orders, Multi-Currency, and more.

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M3 CoreSelect

M3 CoreSelect modules are limited to hotel property accounting, without management company functionality. It lacks accounts receivable and advanced intercompany modules. The product also does not include roll-up report functionality, making it more difficult to manage a portfolio in the system.

Differentiator #3:

Relevant Intel in Visual Dashboards in HIA

HIA

HIA’s visual dashboards are great for at-a-glance insights into Key Performance Indicators at a property and portfolio level. Users can be set up with specific dashboards based on their user role, or customize their dashboards with favorite widgets.

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M3 CoreSelect

There are no dashboards or data visualizations offered in the software. 

Differentiator #4:

Ease of Use with Full Mobile App in HIA

HIA

HIA’s ERP platform Mobile Application is top-rated by PC Mag Best Business and has the same full functionality as the desktop software.

This means that users can login on-the-go to get a complete picture of their financials with real-time reports, AP approval notifications,  personalized dashboards and KPIs. In the App they can review P&Ls, revise budgets, approve AP, submit expenses, and more. All changes are automatically synchronized within seconds to the full HIA system.

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M3 CoreSelect

While CoreSelect is cloud-based and can be accessed by different devices, it does not have its own Mobile Application. This means that any work in the system would have to be through a browser, which can be cumbersome from a mobile phone/tablet.

Differentiator #5:

HIA Offers a High Level of Customization Options

HIA

HIA has a high level of customization available for each customer. This includes custom reports and dashboards, custom instances if desired, adding the customer’s logo to the platform, options to insert property logos, custom branded report cover pages, and more. 

Low-code/no-code technology allows HIA users to make their own customizations, such as adding more filters to data and reports as desired.

Machine Learning also works in the background of HIA – such as to detect anomalies in the GL, or in the Business Intelligence module to detect items like unusually high overtime. By learning what ranges are standard and what are anomalies, the machine learning provides HIA customers with more customized insights the more they use it.

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M3 CoreSelect

M3 CoreSelect has more limited filtering and sorting capabilities (for example in the GL module) and users lack the ability to add other filters. 

There are no dashboards to be customized, and there do not seem to be other features that can be customized.

6. M3 Core Select Lead Magnet 1

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