Fourth Enterprises, LLC

Fourth Enterprises, LLC

Workforce management and inventory solutions provider

About Fourth Enterprises, LLC

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

Industries

Data & Analytics

Enterprise Software

Consumer Goods

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

1999

Overview

Fourth Enterprises, LLC provides technology solutions focused on workforce management and inventory for the hospitality and retail sectors. Their platform uses AI to forecast demand and analyze data, which helps businesses optimize labor costs, streamline human resources and payroll processes, and manage inventory effectively. This service is offered through a Software-as-a-Service (SaaS) model, where clients pay subscription fees for access to the platform and additional services. Fourth distinguishes itself by catering to a wide range of clients, from small businesses to large enterprises, all aiming to improve their operational efficiency and profitability.

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Simplify's Take

What believers are saying

  • AI-driven workforce management adoption in hospitality is expected to grow by 25% in two years.
  • AI integration in inventory management can reduce waste by up to 30%, saving costs.
  • Demand for SaaS-based HR and payroll solutions is anticipated to rise by 20% annually.

What critics are saying

  • Emerging AI-driven platforms may erode Fourth's market share with innovative solutions.
  • Rapid AI advancements require continuous R&D investment, straining financial resources.
  • Data privacy concerns and regulatory changes could impact Fourth's operations.

What makes Fourth Enterprises, LLC unique

  • Fourth's AI platform is trained on the industry's largest dataset, enhancing accuracy.
  • The company offers a unique AI-based workforce, inventory, and recruitment solution suite.
  • Fourth's SaaS model provides scalable solutions for both small and large enterprises.

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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

Company News

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

Trade Interchange
Feb 9th, 2024
National Pizza Day: What You Knead to Know

Trade Interchange Ltd also integrate with Fourth Recipe Management for an added layer of security and ease.

Business Wire
Aug 17th, 2023
Fourth Announces Strategic Partnership with Pendella to Bring Individual Life Insurance Benefits to Restaurant and Retail Employees

AUSTIN, Texas--( BUSINESS WIRE )-- Fourth, the leader in workforce and inventory management solutions to the restaurant, hotel, retail and leisure industries, announced today its partnership with Pendella, a fast-growing technology company on a mission to take the bias out of life insurance.

Business Wire
Dec 5th, 2022
Restaurant Labor Shortages Addressed With Fourths Intelligent Workforce Management Technology

AUSTIN, Texas--(BUSINESS WIRE)--Fourth, a leading provider of intelligent workforce and inventory management technology for the hospitality and retail industries, has announced that its integrated applications boost staff satisfaction and improve retention by 36%. HotSchedules, PeopleMatter and Fuego – all part of the Fourth Intelligence Platform – enable restaurant operators to combat labor shortages with solutions that attract and retain employees

Central Payments
Dec 6th, 2021
Fourth Enterprises LLC. launches Fuego Visa Card

In addition to connecting directly to employees’ bank accounts for on-demand earned wage access, Fourth is introducing the Fuego Visa® Card, in which funds can be deposited and used for purchases where Visa debit cards are accepted.

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