7shifts Strengths, Domain Expertise, and Key Differentiators
7shifts is committed to delivering advanced scheduling applications designed for the restaurant industry. The employee scheduling software solution, characterized by its user-friendly interface, intuitive design, and familiarity to restaurant managers, reflects the company's dedication to ease of use. Complimentary mobile applications for both employees and managers enable convenient access to schedules and seamless communication from any location. Notably, 7shifts consistently enhances its offerings by incorporating new features, exemplified by the recent introduction of 7shifts Payroll, showcasing the company's ongoing efforts to optimize restaurant operations and efficiency. These advancements not only elevate internal processes but could also contribute to attracting more customers.
7shifts Recent Developments
In 2023, 7shifts launched two innovative products designed to elevate restaurant management. One of these is 7shifts Payroll, a tool that streamlines payroll procedures by seamlessly integrating with current tools, thereby cutting down on time consumption and minimizing errors. Furthermore, 7shifts has introduced Tip Payouts, a user-friendly solution that enhances the efficiency of tip distribution. This new addition complements the previously released Tip Pooling feature. The overarching goal of both products is to enhance operational efficiency and foster trust within restaurant operations.
In May 2019, 7Shifts launched Engage, an all-in-one employee engagement dashboard for restaurants. The new solution provides restaurants with an employee engagement score, which is made up of a set of key behavioral indicators related to their worked shifts.
7shifts Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying 7shifts applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of 7shifts and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified 7shifts Platform customers.
7shifts Overview
Ownership: - Napier Park Financial Partners, Relay Ventures, Conexus Credit Union
Number of Employees: 330
Functional Market: Workforce Analytics, Scheduling, Task Management, Time and Attendance, Payroll, Compliance, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management,
Key Verticals: Leisure and Recreation, Hospitality, Retail,
7shifts Key Cloud and HCM Applications
7shifts Platform
7shifts HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
7shifts Revenue Breakdown by Type:
7shifts HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
7shifts HCM Applications Revenues By Verticals, $M:
7shifts Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
7shifts Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
7shifts Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified 7shifts Customers
No. of 7shifts Customers: 40000
No. of 7shifts HCM Applications Customers: 40000
No. of 7shifts Cloud HCM Customers: 40000
No. of 7shifts Cloud HCM Subscribers: 1000000
The platform has garnered over 1 million restaurant professionals and is adopted by 40,000 restaurants, including prominent franchises like Bareburger, Panera, Honeygrow, and Smoke's Poutinerie. Among its diverse clientele are also notable establishments such as Smoothie King, Sambos, Pavement Coffeehouse, Little Pub, Steak N Shake, Andy's Frozen Custard, Elbow Room, The Loaf, Black Rock Coffee Bar, Conshy Girls, Ottos's Bierhalle, Johnny Rebs, Woodwork, Barque, Nic Norman's, and numerous others.
7shifts Market Opportunities, M&A and Geo Expansions
Securing $80 million in new funding led by Softbank in 2022, 7shifts is poised to accelerate its mission to simplify team management and enhance restaurant performance. This significant funding, combined with previous successful rounds in May 2021 and October 2019, positions 7shifts to fortify and expand its platform, facilitating a strategic push to dominate the market.
7shifts Risks and Challenges
In the highly competitive landscape of the hospitality space, 7shifts faces formidable adversaries in HotSchedules and Oracle Micros. Given the entrenched positions of these industry giants, successful competition demands strategic differentiation. The key to 7shifts' success lies in leapfrogging its competitors through the establishment of superior usability and the cultivation of a robust brand equity.
7shifts Ecosystem, Partners, Resellers and SI
In January 2021, 7shifts partnered with Gusto to streamline restaurant scheduling and payroll. The integration syncs work hours seamlessly, ensuring accurate payroll processing. This collaboration extends 7shifts' integration capabilities with various Point of Sale providers, including Clover, Square, and Upserve, providing restaurateurs with an efficient technology stack at unmatched value. 7shifts' extensive ecosystem includes partnerships with POS providers such as Revel Systems, enabling synchronization of sales data with scheduling and labor management software. This ensures compliance and enhances operational efficiency and profitability for restaurants.
7shifts Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- 7shifts Public Cloud and Infrastructure (IaaS)
- 7shifts Platform (PaaS)
- 7shifts Application Delivery
- 7shifts Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
