News

HotSchedules teams with Fourth on restaurant/hospitality management solutions

July 10, 2019

HotSchedules, a provider of workforce and inventory management solutions for the restaurant industry, and Fourth, a provider of a hospitality workforce management and cost-control operations platform, have merged business operations in an agreement backed by Marlin Equity Partners and Insight Partners, according to a press release.
     
The merged company provides end-to-end restaurant and hospitality management solutions for customers of all sizes across the globe — from a single location or franchisee restaurant to a global restaurant or hotel chain. The software-as-a-service solution suite includes: scheduling, time and attendance, applicant tracking, training, inventory management/procurement, HR/benefits and payroll services. The company now serves customers in 120,000 locations worldwide and is supported by a dedicated team with offices in the U.S., U.K., Bulgaria, China, Australia and the UAE.
 
Customers now have access to:

• An operations platform that integrates with nearly every major POS system, finance platform and many industry-specific third-party applications.
• Single sign-on, integrated workforce management and inventory management/procurement software.
• Compliance functionality to ensure enforcement of directives for labor management, safety, food and cash handling.
• Full service, hospitality specific payroll, benefits and HR services.
• Real-time operational insights, cost-control management and analytics dashboards.
• Dynamic demand forecasting via the company's predictive algorithms.

"From an operational perspective, HotSchedules has really helped us drive greater efficiency across our entire brand," Anne Ansley, CFO of PDQ, said in the release. "Combined with the great human resources, payroll and benefits services that Fourth continues to provide us, along with the addition of their advanced analytics and demand forecasting capabilities, this is a game-changer."
 
HotSchedules and Fourth will unite under the leadership of Ben Hood, CEO of Fourth, and an executive team comprised of HotSchedules and Fourth team members. The combined entity will continue to support solutions across their respective platforms. The business will be headquartered in Austin and London.