With 62% of restaurateurs struggling with
labor management and 74% aiming to streamline operations,
Lightspeed and 7shifts strengthen their partnership to address
industry challenges.
MONTREAL, Oct. 10,
2024 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE:
LSPD) (TSX: LSPD) ("Lightspeed" or the "Company") the
unified commerce platform powering merchants to provide the best
omnichannel experiences, today announced a significant enhancement
to its existing integration with 7shifts, the all-in-one team
management app for restaurant operators. This deepening partnership
will bring powerful new functionalities to restaurant owners across
North America, further simplifying
and streamlining their operations.
According to Lightspeed's 2024 State of Hospitality Report, 62%
of restaurateurs are actively seeking ways to improve labor
management, and 74% are looking for technology to streamline
operations. As labor challenges and rising costs continue to impact
the industry, finding effective solutions has become essential for
profitability.
"Deepening our partnership with 7shifts will enable our
customers to streamline their operations even further, with
seamless integration and access to essential payroll features,"
said JD St-Martin, President of Lightspeed. "Through our
partnership with 7shifts our customers have saved countless hours
in scheduling, and significant amounts on labor costs. We believe
by expanding this relationship, our customers will continue to see
added benefits to the operational bottom line."
With this latest update, restaurant owners using Lightspeed
Restaurant system will now be able to import both sales, labor, and
employee data directly into 7shifts, enhancing the platform's
forecasting capabilities. Employee data now syncs automatically,
which means less manual tasks, less errors and more time
saving.
In addition to the enhanced data integration, merchants using
Lightspeed can now take advantage of 7shifts' powerful payroll
features. Currently available to customers in the United States, it offers a range of
benefits including Payroll Administration, Tip Integration, Benefit
Management, and more. By automating these processes, restaurant
owners can focus more on what matters most—delivering exceptional
customer experiences.
"Our partnership with Lightspeed is exciting because restaurants
who utilize the new integration will not only experience the
benefits of being able to better forecast sales and labor, but also
benefit from an all-in-one platform that connect everything from
scheduling, time clocking, tip management, all the way to running
payroll," said Jordan Boesch, CEO at
7shifts. "With accurate data syncing from Lightspeed to 7shifts
Payroll, operators can ensure employees are paid on time and
without issue. This partnership exemplifies our shared commitment
to provide much-needed solutions to those in the restaurant
industry."
7shifts, known for its expertise in hospitality and its
leading-edge technology, has become a strategic partner for
Lightspeed, helping to bring comprehensive payroll solutions to
restaurant owners. This enhanced partnership reflects Lightspeed's
commitment to making restaurant management easier and more
efficient. Together, 7shifts and Lightspeed deliver a robust,
integrated solution designed to meet the specific needs of the
hospitality industry.
Lightspeed powers the world's best–restaurants and hospitality
businesses, including: Taverne Atlantic (Montréal), Alinea Group
(Chicago), Big Mamma (Europe), Kei
(Paris). Lightspeed Restaurant is currently available in
Canada, the United States, the United Kingdom, France, Belgium, the
Netherlands, Switzerland,
Germany and Australia.
Dive into the transformative features of Lightspeed
Restaurant on our website. To witness its powerful capabilities,
see www.lightspeedhq.com/pos/restaurant.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions and connection
to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe and Asia
Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and X.
About 7shifts
Born in the back office of a sandwich
shop, 7shifts was founded by Jordan
Boesch in 2014 with the goal of building simple solutions to
solve even the most complex team management challenges. 7shifts is
a scheduling, payroll, and employee retention app designed to
improve performance for restaurants. The easy-to-use app offers
industry-specific features that help more than 50,000 restaurants
save time, reduce errors, and keep labor costs in check. To learn
more, or to sign up for free, visit www.7shifts.com.
Forward-Looking Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed's partnerships, product offerings
and planned product roadmap. Forward-looking statements are
statements that are predictive in nature, depend upon or refer to
future events or conditions and are identified by words such as
"will", "expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions concerning matters that are not
historical facts. Such statements are based on current expectations
of Lightspeed's management and inherently involve numerous risks
and uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profiles
on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers
are cautioned to consider these and other factors carefully when
making decisions with respect to Lightspeed's subordinate voting
shares and not to place undue reliance on forward-looking
statements. Forward-looking statements contained in this news
release are not guarantees of future performance and, while
forward-looking statements are based on certain assumptions that
Lightspeed considers reasonable, actual events and results could
differ materially from those expressed or implied by
forward-looking statements made by Lightspeed. Except as may be
expressly required by applicable law, Lightspeed does not undertake
any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.