MarginEdge | May 18, 2022
Leading restaurant management platform, MarginEdge is pleased to announce a new integration with restaurant team management platform, 7shifts. This integration enables 7shifts clients to seamlessly and autonomously share their labor data with the MarginEdge platform, empowering them with a full view of their entire controllable costs.
"We're thrilled to be partnering with 7shifts for this integration benefitting our mutual clients," said MarginEdge CEO Bo Davis. "Labor data is key to understanding variable costs and with the seamless data pull between our platforms, our clients can now see everything in one place enabling them to stay on top of the rapid changes our industry has been experiencing," he added.
With the right tools, labor can be one of the most controllable costs in running a restaurant. This integration autonomously pulls data from 7shifts so that restaurants can:
See all controllable costs and revenue in one place
Track actual labor costs against budgeted labor costs in real time.
View a declining labor budget throughout the period, updated daily, by comparing labor spending to a fixed dollar amount or to a percentage of sales.
View detailed labor summaries broken down by category, employee, or job title throughout a weekly or daily period.
Keep labor in one centralized location alongside other costs and your revenue, including any labor data recorded by a POS.
"We're constantly working to deliver value for our customers, Being able to partner with MarginEdge as their first labor integration partner is exciting. This is a game-changer for our mutual restaurant partners - we've seen first-hand the impact it can have when it comes to hitting labor targets."
-Jordan Boesch, Founder, and CEO of 7shifts,
The ongoing labor shortages have made it more important than ever to be able to accurately staff restaurants, which can help prevent burnout and turnover ensuring better guest experiences and increased profits. By integrating both platforms, operators are supported by providing them the ability to make real-time decisions using robust analytics and insights, and all in one place.
MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. Based in Arlington, VA and founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry.
Founded in Saskatoon, Canada, in 2014, with offices in Toronto and New Jersey, 7shifts is simplifying team management, one shift at a time. The restaurant employee team management solution is used by over 700,000 restaurant pros across North America, Europe, the Middle East, and Australia, including multi-unit restaurant groups like Bareburger, Smoke's Poutinerie, YogurtLand, Juice It Up!, and many others. More than a scheduling platform, 7shifts empowers restaurant managers to optimize their workforce to better manage employees, resulting in reduced labor costs.
Flexa | April 28, 2022
Flexa, the world's leading pure-digital payments network, today introduced Flexa Payments, a new set of tools for merchants to simply and instantly accept 99 different digital currencies from any app or wallet. Flexa Payments provides merchants with all of the benefits that have made Flexa the best choice for digital currency payments since 2018—including real-time authorizations, flexible settlement options, complete regulatory compliance, and guaranteed zero fraud—and now enables seamless compatibility with every digital currency wallet across twelve of the most popular blockchain networks.
With Flexa Payments, merchants can enable digital currency acceptance anywhere they currently receive payments, whether in-store, online, or in their mobile apps. For customers, an engaging, intuitive interface allows for seamless selection of the correct network and asset for any app, offering exact payment instructions in just a tap and payment confirmation in less than a second. Whether using no-code Payment Links or the drop-in Payments SDK, Flexa's tailored acceptance solutions are designed to be as simple for merchants to enable as they are for their customers to use, with newly enabled support across all of Flexa's existing ecommerce apps and plug-ins, and rolling out this summer to Flexa's existing point-of-sale partnerships—including integrations with InComm Payments, Blackhawk Network, Citcon, GK, Rooam, and more.
“As we continue to see digital currencies grow in popularity and rapidly gain consumer adoption, it's crucial for retailers to keep up with a broad range of payments options,” said Adam Brault, SVP of InComm Financial Services. “We are proud to be partnered with Flexa’s multi-chain, multi-asset digital currency payment solution. By offering Flexa's comprehensive solution for digital currency acceptance, we're able to extend accessibility to new consumers and spend through existing InComm connectivity.”
As of today, Flexa Payments offers merchants high-quality digital currency acceptance support to facilitate a smooth integration process. Providing instant on-chain payment acceptance over Bitcoin, Bitcoin Cash, Cardano, Celo, Dogecoin, Ethereum, the Lightning Network, Litecoin, Polygon, Solana Pay, Tezos, and Zcash, the new tools leverage Flexa's industry-leading DeFi collateralization technology along with eleven new Transformers to provide every merchant complete protection from fraud and payment risk. And of course, Flexa Payments still offers an excellent checkout experience when paired with a Flexa-enabled wallet app—which now includes eight new wallets from leading developers who plan to deploy Flexa's Spend SDK over the next several months.
“In order for digital asset payments to become embedded in our financial system, today’s consumers need the flexibility to seamlessly and securely pay with the asset of their choice. And now, representing the culmination of more than a year of active development, Flexa Payments will meaningfully advance Flexa's vision of enabling payments in any asset, from any app, anywhere in the world.”
Tyler Spalding, Co-founder of Flexa
Payment Links and the Payments SDK are available today in early access for any merchant who would like the simplest, fastest, and most affordable way to accept digital currencies.
Flexa is the global leader in pure-digital payments. We provide merchants and developers with simple integrations for digital currency acceptance that are fast, affordable, and completely fraud-proof. Founded in 2018, Flexa’s mission is to make payments more efficient and accessible for people all over the world.
springbig | April 18, 2022
springbig, a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, today announced a new integration with Greenline POS, one of Canada's largest fully-compliant cannabis retail point-of-sale (POS) platforms. This integration provides springbig with real-time consumer and retail insights at checkout and will allow retailers using Greenline's services to seamlessly access springbig's customer loyalty features.
Greenline POS is currently used by over 700 cannabis retailers in Canada, processing over $70M in sales each month. springbig rewards and offers can be redeemed by customers via Greenline's POS system for a streamlined, frictionless retail experience. Customers using Greenline will also be auto-populated to springbig's platform and conversely, customers using springbig will be auto-populated to Greenline for seamless integration.
"springbig's latest integration with Greenline underscores our dedication to improving and simplifying the cannabis shopping experience across North America," said Jeffrey Harris, CEO of springbig. "Through our integration with Greenline, customers can redeem rewards they've earned immediately at checkout and won't miss out on any opportunities for savings. We're impressed with the robust POS network Greenline has created, which has quickly become the gold standard in Canada, where we look forward to expanding our reach."
"At Greenline, our goal is to help cannabis retailers grow. We are highly aligned with springbig in that journey by helping retailers connect with new and existing customers to promote loyalty and increase sales. We're excited to add value to our retailers and develop this relationship further."
Albert Kim, CEO of Greenline
springbig was recently named South Florida Business Journal's #1 Fastest Growing Company, was ranked #9 on the 2022 Inc. Southeast Regionals Fastest-Growing Private Companies and was ranked #69 on the 2021 Inc. 5000 Fastest-Growing Private Companies list.
springbig is a market-leading software platform providing customer loyalty and marketing automation solutions to cannabis retailers and brands in the U.S. and Canada. springbig's platform connects consumers with retailers and brands, primarily through SMS marketing, as well as emails, customer feedback system, and loyalty programs, to support retailers' and brands' customer engagement and retention. springbig offers marketing automation solutions that provide for consistency of customer communication, thereby driving customer retention and retail foot traffic. Additionally, springbig's reporting and analytics offerings deliver valuable insights that clients utilize to better understand their customer base, purchasing habits and trends. On November 9, 2021, springbig announced that it entered into a definitive agreement for a business combination with Tuatara Capital Acquisition Corporation. The business combination is expected to close in the first half of 2022, subject to the approval of TCAC's shareholders, the filed Form S-4 (the "Registration Statement") being declared effective by the SEC, and other customary closing conditions and regulatory approvals.
Greenline is a compliant and scalable Canadian cannabis retail infrastructure provider, powering licensed cannabis retail operations across Canada with everything from in-store point-of-sale to online e-commerce with a strong marketplace of app integrations.
Neiman Marcus Group | April 23, 2022
To celebrate Earth Month, Neiman Marcus Group is proud to announce new initiatives, partnerships, and in-store activations that will further the organization's continued progress against its Environmental Social Governance (ESG) strategy, Our Journey to Revolutionize Impact.
"We are on a journey to revolutionize impact, and this includes setting meaningful ESG goals. The fashion industry must take steps toward a commitment to ESG and transparency to consumers, stakeholders, and the government. We are proud to join hands with our brand partners and other organizations to increase awareness and inspire action within our industry. As we move closer to our 2025 goals outlined in our recent ESG report, we look forward to continuing the momentum we've made to minimize the impact of how we serve our clients through our digital channels, stores, and supply chain, as well as the experiences we create and the products we sell."
Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group
As part of its efforts to reduce Scope 1 & 2 emissions by 50% by 2025 and procure 100% renewable energy use by 2030, this month, NMG partnered with Trane® by Trane Technologies to replace natural gas-powered chillers with two new 500-ton water-cooled Trane® chillers at their iconic Bergdorf Goodman's Women's Store, located in the heart of New York City's famed retail district. This installation utilized innovative, energy-efficient decarbonization technology that enabled the retailer to eliminate natural gas use, electrify the building, and procure a new renewable energy contract to power the store's operations. The move will contribute to New York City's goal of reaching net-zero greenhouse gas emissions by 2050 while keeping shoppers cool and comfortable.
Meanwhile, Neiman Marcus stores across the U.S. are driving progress toward the company's goal to partner with customers to raise an additional $3,000,000 for Heart of Neiman Marcus Foundation grantees through point-of-sale (POS) fundraising. In March, the retailer began a POS fundraising campaign for the Fashion Scholarship Fund (FSF) that invites customers and associates to donate in-store and online through April 30. Proceeds from the campaign will fund creating a new NMG x FSF scholarship for students aspiring to careers in sustainable and ethical fashion. The effort has raised enough money to fund at least seven NMG x FSF scholars in the partnership's first year.
As NMG seeks to increase revenue from sustainable and ethical products by 2025, it is also proud to announce the upcoming launch of the new 'Fashioned for Change' and 'Conscious Curation' edits at Neiman Marcus and Bergdorf Goodman. These edits will identify items with preferred product attributes made with sustainable materials, including bio-based vegan leathers, as well as products that are responsibly manufactured, give back philanthropically, are made by diverse-owned brands, or promote enhanced transparency through digital product passports from groups like EON. Products from participating brand partners will be highlighted on NeimanMarcus.com and BergdorfGoodman.com and will be considered for exposure in highly visible placements via in-store and digital channels. To explore the new 'Fashioned for Change' edit at Neiman Marcus, visit here. The 'Conscious Curation' edit at Bergdorf Goodman will launch in the upcoming months.
NMG will be hosting and sponsoring a variety of speaking events throughout the month to socialize the efforts above with associates, customers, and the broader fashion industry. To build on last year's conversation with Elizabeth Cline, author of 'The Conscious Closet,' NMG is hosting an all-associate event on April 26 with Aja Barber, author of 'Consumed.' This talk will take a deep dive into Barber's book, which explores the intersection of climate change, colonialism, and consumerism in the fashion industry. Customers near Neiman Marcus Northbrook in Chicago will also be invited to attend a panel discussion on social and environmental issues facing the fashion industry and its next generation of talent with industry trailblazer Eileen Fisher and Melissa Gamble, a professor at Columbia College of Chicago – an FSF member school.
Finally, to continue educating and amplifying the call for sustainable practices in the broader industry, NMG is excited to sponsor the Women's Wear Daily Sustainability Summit and the Sustainable Fashion Forum fireside chat, which will be held this month. NMG executives will host panels and fireside chats about topics surrounding circularity in fashion, fur and leather alternatives, the role of technology in sustainability, and more, along with innovators in the space from pioneering organizations like FASHIONPHILE, Prota Fiori, and EON.
About The Neiman Marcus Group, LLC
Neiman Marcus Group is a relationship business that leads with love in everything we do for our customers, associates, brand partners, and communities. Our legacy of innovating and our culture of Belonging guide our roadmap for Revolutionizing Luxury Experiences. As one of the largest multi-brand luxury retailers in the U.S., with the world's most desirable brand partners, we're delivering exceptional products and intelligent services, enabled by our investments in data and technology. Through the expertise of our 9,000+ associates, we deliver and scale a personalized luxury experience across our three channels of in-store, eCommerce, and remote selling. Our NMG|Way culture, powered by our people, combines individual talents into a collective strength to make life extraordinary. Our brands include Neiman Marcus, Bergdorf Goodman, Neiman Marcus Last Call, and Horchow.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands, Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. We have also set bold 2030 Sustainability Commitments for ourselves and our customers. Through our Gigaton Challenge, we have committed to reducing our customers' carbon emissions by one gigaton or, one billion metric tons by the year 2030.
Trane by Trane Technologies, a global climate innovator – creates comfortable, energy-efficient indoor environments for commercial and residential applications.