We have tested the accuracy of our sales forecasts against those generated by Fourth, the hospitality industry's leading software provider.
Skarp's forecasts are up to 20% more accurate than Fourth, so by using Skarp you can significantly improve your staff scheduling and rotas.
Our forecast can be provided direct to GMs at the point they are writing their rotas, and is updated each week. Every forecast also comes with a simple graphical explanation of the factors driving performance – be that the rain expected on Saturday, the marketing promotion launched last week or the play that's running in the theatre next door – which gives GMs and support teams insight on what's happening and why.
Changing from Fourth Hospitality to Skarp brings multiple benefits:
1. Lower costs through reduced over-staffing
2. Higher sales from having enough staff on at peak times
3. Better decision making through insight on factors driving performance
The balance between cost reduction and sales increases will vary by site, depending on whether Fourth's forecast is typically higher or lower than your actual sales.
If we assume a 50 / 50 split, the benefits for different sized sites are as follows:
| Weekly net sales | Daily forecast error - Fourth 1 | Daily forecast error - Skarp 2 | Weekly labour cost saving 3 | Annual labour cost saving 3 |
|---|---|---|---|---|
| £20,000 | £430 | £355 | £80 | £4,160 |
| £60,000 | £1,285 | £1,070 | £240 | £12,480 |
| Weekly net sales | Daily forecast error - Skarp vs. Fourth 1 | Additional sales per week 2 | Additional sales per year 2 |
|---|---|---|---|
| £20,000 | £70 | £250 | £13,000 |
| £60,000 | £215 | £750 | £39,000 |
Skarp gives you leading-edge predictive analytics using an AI-powered machine learning engine - but without the need for any technical knowledge in your organisation.
All we require is access to your data and we will take things from there. Forecasts can be returned directly into your ERP system or viewed through our online portal.
No setup costs | No minimum contract | No technical expertise required
There is no setup fee or minimum contract term with Skarp, and we offer all new clients a proof of concept free of charge. We believe the accuracy of our forecasts will speak for itself.
