Fourth introduces a range of new features to help hospitality operators level up in a challenging economic climate
2024年6月18日 - 4:00PM
ビジネスワイヤ(英語)
Fourth, a leading workforce and inventory management technology
provider, today announced the ‘Level Up’ product release for its AI
driven platform, containing a package of new capabilities to help
customers face economic challenges head-on.
Rising costs are front of mind for most UK hospitality operators
in 2024, with April’s increase in the National Living Wage and
business rates a key contributor to stretched margins and
over-burdened teams. Other ongoing challenges operators are facing
include labour shortages, food inflation, and price-sensitive
consumers, all of which require innovative strategies to combat
them.
Available to customers from today, Fourth's ‘Level Up’ product
release introduces capabilities enabling hospitality operators to
increase profitability, efficiency and employee engagement in the
areas impacted by the current challenges they face.
Key among the new features is ‘AI for Inventory’, bringing two
AI capabilities into Fourth’s Purchase to Pay & Inventory
product. AI Forecasting leverages Fourth’s proprietary AI to
predict item-level demand, increasing the precision and efficiency
of purchasing, inventory management, and preparation. Additionally,
AI Invoice Processing reduces the administrative burden of manually
processing invoices, saving time and reducing errors.
Fourth’s Managing Director, EMEA, Sebastien Sepierre,
commented: “Since its launch in 2022, our AI Forecasting solution
has been delivering great results for our workforce scheduling
customers. It's used by many of the UK’s largest restaurant groups
including PizzaExpress, and growing chains like Thai Leisure Group,
who reduced overscheduling by 22% while boosting sales by nearly
16%. Our ‘Level Up’ product release brings the huge potential of
this technology into our inventory solutions.”
Other significant features in today’s release include:
- Onboarding App: delivers a flexible and initiative onboarding
experience, helping new hires get off to a great start.
- Shift Pooling: enables operators to optimise their workforce by
offering staff the flexibility to take on open shifts across
multiple locations.
- Precision Payroll: includes updates to help operators comply
with the new Allocation of Tips Act which takes effect in
October.
- Employee Engagement: offers new ways for employees to update
their personal information, eSign employment documents and ditch
WhatsApp groups with a dedicated messaging feature.
Sebastien Sepierre said, “For 25 years, Fourth has built
a strong reputation for continually delivering the technology
innovations our customers need to succeed; We are acutely aware of
the challenges facing operators at this time, and we’re proud to
proactively offer our customers new ways to make a measurable
impact on profits, efficiency and employee engagement.”
For a full list of the product features released today, visit
Fourth’s website.
About Fourth
Fourth helps restaurants, retailers, and hotels conquer the day
with data-driven workforce and inventory technology. Fourth serves
more than 15,000 customers across 100,000 locations globally.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618771392/en/
Barry Lane Barry.lane@fourth.com 02075343700