Fourth Continues to Enhance Data and Analytics Capabilities for its Hospitality Operations Platform
Forges New Strategic Partnerships with Leading Technology Providers
“We’re excited to partner with Fourth to empower our restaurant clients to improve their bottom line,” said Mike Wior, CEO of Omnivore. “As restaurants continue to leverage third party technologies to improve traffic, average check and expenses, Fourth’s advanced analytics brings added value by providing deep insight into overall performance and enables operators to take action where needed.”
According to the National Restaurant Association’s “2019 State of the Restaurant Industry Report,” more than half (57 percent) of restaurant operators plan to invest more in back-of-the-house technology systems this year. But with so many disparate systems and information streams coming from multiple sources, the ability to gain a complete understanding of an entire business operation in real time – and understand how things like menu publishing and predictive scheduling impact sales – is becoming increasingly difficult. Fourth’s end-to-end hospitality operations platform solves this problem by providing an open-architecture environment that enables operators to seamlessly integrate data across their technology ecosystem into one robust platform. With single sign-on, operators can access a wealth of analytics and dashboards customized to meet their specific business objectives, leading to quicker and better business decisions.
“The U.S. hospitality technology market is extremely fragmented, resulting in masses of siloed data and missed opportunities to increase in sales,” said Christian Berthelsen, CTO, Fourth. “As our wealth of partners continues to grow, our goal is to help operators break open these data silos to reap the true benefits of their technology investments. By filtering data from across their technology stack into one system, operators will gain the insight they need to enhance the guest experience, improve employee engagement, identify areas of inefficiencies and boost sales.”
Fourth’s hospitality operations platform features a fully functioning Application Programming Interface (API), making third-party integrations simple and easy. In addition to sales forecasting, scheduling, purchase-to-pay & inventory capabilities already built into the platform, operators can access data from many popular U.S.-based third-party applications as well as international technologies through Fourth’s global partnership program.
View the full list of Fourth’s technology partners.
Fourth provides end-to-end, best-in-class technology and services for the restaurant and hospitality industries. Their supply chain, and workforce management solutions, coupled with the industry’s most complete data and analytics suite, give operators the actionable insights they need to control costs, scale profitability, improve employee engagement, and maintain compliance. Since its merger with US-based HotSchedules, Fourth serves more than 7,000 customers across 120,000 locations globally. For more information, please visit www.fourth.com.