Fourth Enterprises

Fourth Enterprises

AI-powered workforce, payroll, and inventory SaaS

Overview

Fourth Enterprises offers a software-as-a-service platform for workforce management, payroll HR, and inventory management tailored to hospitality and retail. The system uses AI-powered demand forecasting and analytics to help businesses optimize labor costs and manage inventory more efficiently. It provides an integrated solution that combines labor optimization, HR/payroll, and inventory control in one cloud-based platform, instead of relying on multiple separate tools. Its goal is to help restaurants, hotels, and retailers reduce costs and increase profitability through smarter staffing, payroll, and inventory decisions.

About Fourth Enterprises

Simplify's Rating
Why Fourth Enterprises is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

1999

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Simplify's Take

What believers are saying

  • Fourth reported 112-operator benchmarking in April 2026, strengthening its data advantage and sales narrative.
  • iQ 3.0 and iQ 2.3 launched in 2026, showing rapid product cadence.
  • Collison said April 2026 product changes will ship over coming quarters, not years.

What critics are saying

  • Fourth still depends on restaurant operator adoption while execution maturity scores only 56% industrywide.
  • Competitors can copy forecasting features faster than Fourth converts benchmarks into measurable customer lock-in.
  • If AI spending stalls, Fourth becomes a niche scheduling vendor, compressing growth and valuation.

What makes Fourth Enterprises unique

  • Fourth owns restaurant-specific workforce, inventory, and recruitment workflows in one platform.
  • Scott Collison, named CEO on March 12, 2026, signals sharper AI-led product execution.
  • Fourth iQ 3.0 links above-store analytics with store actions across labor, sales, margin.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Unlimited Paid Time Off

Flexible Work Hours

401(k) Company Match

Parental Leave

Paid Vacation

Paid Holidays

Wellness Program

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
Nassau Standard
Aug 23rd, 2026
Fourth Company tops 6-team field in 5K Run Teams-Midshipmen at Kings Point on Aug. 1, 2026, per RunSignUp.

Fourth Company tops 6-team field in 5K Run Teams-Midshipmen at Kings Point on Aug. 1, 2026, per RunSignUp. Fourth Company finished first among six teams in the 5K Run Teams-Midshipmen at the The Peter Racket '61 Memorial 5K Run in Kings Point, New York, on Aug. 1, 2026, posting a time of 21:48.47. See full results at RunSignUp results. Team Results for the 5K Run Teams-Midshipmen at the 5K Run | Place | Team | | 1 | Fourth Company | | 2 | Third Company | | 3 | Fifth Company | | 4 | First Company | | 5 | Second Company | | 6 | Band Company | Places and teams are shown as listed in RunSignUp's published team results.

Business Wire
Mar 12th, 2026
Fourth names Scott Collison CEO to lead AI-driven product innovation for hospitality sector

Fourth, a workforce and inventory management solutions provider for the hospitality industry, has appointed Scott Collison as chief executive officer. Collison brings over 20 years of experience scaling technology companies and will lead Fourth's AI-focused product innovation for restaurant operators. Collison most recently served as CEO of Personify, overseeing strong recurring revenue growth before its sale to Momentive in late 2025. He previously held senior roles at Salesforce and VMware, served as CEO of Anaconda, and co-founded Geeknet. Fourth serves over 15,000 customers and 100,000 locations globally, including major brands such as Chili's, Dunkin' and Pizza Hut. The company claims its solutions help operators reduce costs by up to 20% and boost profits by 3–5% through automation and AI-powered insights.

Business Wire
Feb 26th, 2026
Fourth launches Fourth iQ 3.0 with AI-powered tools for multi-location restaurant performance management

Fourth, a workforce and inventory management solutions provider for hospitality, has launched Fourth iQ 3.0, introducing AI capabilities for executives overseeing multi-location restaurant performance. The platform provides unified visibility across labour, sales, margins and execution, connecting strategic insight with operational execution. Key features include AI-powered balanced scorecards for estate-wide performance views, a virtual assistant for natural-language queries, technology adoption tracking linked to ROI, correlation analysis identifying effective practices, and anomaly detection for early issue identification. The system aims to help leaders understand performance drivers across locations and take proactive action. Lazy Dog Restaurant and Bar's CFO Robert Linder stated the platform helps drive consistent multi-location performance. Fourth iQ 3.0 complements existing in-store AI capabilities to create a connected operating system linking above-store intelligence with store-level execution.

HR Tech Pub
Apr 10th, 2025
Fourth Launches AI-Powered Restaurant Operations Suite

Fourth, the leader in back-of-house technology solutions for restaurants, announced the launch of the Restaurant Operations Suite.

Business Wire
Mar 21st, 2024
Fourth Launches New Ai Platform To Power Hotschedules, Macromatix And Peoplematter

AUSTIN, Texas--(BUSINESS WIRE)--Fourth, the leader in workforce management, inventory management and recruitment solutions for the restaurant, hotel, retail, and leisure industries, today announced the launch of Fourth AI built and trained on the largest data set in the industry. The new capabilities are available as part of the HotSchedules, MacromatiX and PeopleMatter solutions.“The complexity of operating a restaurant or hotel has exploded,” said Clinton Anderson, CEO of Fourth, “which has kept managers chained to their laptops instead of out on the floor with their guests and staff. The new set of AI capabilities lets managers focus on people, service, and creativity, rather than on constant firefighting. With our AI models trained on the industry's largest dataset, we believe Fourth is uniquely positioned to embed AI across our customers entire restaurant operations.”The Fourth AI Platform is the first of its kind with a set of AI-based workforce, inventory, and recruitment solutions purpose-built for restaurant, retail and hospitality operators. Companies like Papa Johns, Pizza Hut, Whataburger, and Bloomin’ Brands are among the many businesses enjoying the competitive advantage this technology delivers.Brinker International has deployed HotSchedules on the Fourth AI platform across a number of their US sites to power their workforce deployment. Brinker’s Jason Noorian, Senior Director of Finance, explains, “Our managers have seen a significant uplift in the accuracy of scheduling, taking the guesswork out of making a busy operation profitable.”The power of Fourth AI is available throughout its entire suite of solutions for automating and optimizing back-office operations in the restaurant, hotel, retail, and leisure industries:Workforce Management: HotSchedules is now generally available with AI Forecasting, which provides highly accurate demand forecasts and recommended shift patterns

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