Within the cannabis industry, the process of tracking plants and their by-products beginning from cultivation right through harvest and sale is commonly referred to as “seed-to-sale tracking”. Initially the only solution available to manage this process was seed-to-sale software, but it is now failing to provide certain functions and capabilities that the next generation of companies require. As the cannabis industry becomes increasingly more competitive, cannabis manufacturers are looking for ways to increase efficiency, minimise costs, and bring innovative new products to market – all while remaining compliant. Let’s take a look at how and why Acumatica Cloud ERP for the cannabis industry is a leading solution to meet these modern-day needs.
Seed-to-sale software is dead
The main disadvantage of seed-to-sale software is that it helps businesses stay compliant but not competitive. In other words, they help companies address compliance issues without offering much additional value, such as the ability to track allocated costs associated with the inventory of finished goods and raw materials. Due to this, companies have no way of making decisions based on true product performance and market share. Moreover, seed-to-sale software cannot deliver a proper system for auditing purposes, and fails to track supply levels or allocate overhead costs for maintaining financial data.
In addition to the above, seed-to-sale software is also unable to effectively integrate all critical information with other operational data. Departments within a company need to collaborate and communicate with each other using real-time information – which is where Acumatica Cloud ERP software comes into play.
Acumatica Cloud ERP is built for the cannabis industry
Cannabis providers need a fully integrated accounting, distribution, manufacturing, POS, and CRM system to manage their business – all with the unique requirements of the cannabis industry. Acumatica Cloud ERP helps solve these and many other key challenges for this complex industry.
Acumatica Cloud ERP ensures compliance and control
Acumatica Cloud ERP enables you to record quality assurance measures with production attributes such as potency, dry weight, wet weight, etc. It provides you with complete tracking of the entire production processes, including extraction, edibles, packaging, trimming, and more.
Acumatica Cloud ERP increases operational efficiency
Acumatica Cloud ERP enables you to reduce errors and decrease time spent on operational tasks. It allows you to enter data once and report transactions automatically to governmental agencies as needed. You can stay on top of all your critical information with a system wide inventory accessible in real time, and keep track of your true costs to determine profitability by warehouse (or greenhouse), product line, and location.
Remain one step ahead of the competition with the leading Cloud ERP solution in the cannabis industry. Trusted by companies across the globe, Acumatica can take your business to the next level, streamlining its processes and accelerating your growth.
For more information about Acumatica Cloud ERP, contact Computime Software today. Be sure to follow us on Facebook, Instagram, Twitter, LinkedIn, and Google+ for updates!