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Author: Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/

5 Essential Features Your Cannabis Business ERP Software Should Have

Posted on by Wayne Veldsman

When it comes to running a cannabis business, managing inventory, compliance, production, and supply chain can be a daunting task. To streamline these processes, more and more cannabis businesses are turning to ERP (Enterprise Resource Planning) software. In this blog post, we will discuss the essential features that your cannabis business ERP software should have to effectively manage your business processes. We’ll also explore the benefits of using such software and provide tips on how to choose the right one for your business.

Cannabis Business ERP Software screenshot

Essential Features of a Cannabis Business ERP Software:

1. Inventory Management:

An essential feature of any cannabis ERP software is inventory management. It should be able to track inventory levels, monitor stock levels in real time, and manage your entire inventory process, including tracking starting materials, managing batches, and forecasting future inventory needs.

2. Compliance Tracking:

Compliance is a critical aspect of the cannabis industry. The software should be able to track compliance requirements, such as seed-to-sale tracking and state-specific regulations, and ensure that your business meets all compliance requirements.

3. Production Tracking:

To optimize your production process, you need to have visibility into every step of the process. A cannabis-specific ERP software should provide a clear view of production processes, including tracking of inputs, outputs, and costs, and allow you to monitor efficiency and make necessary adjustments.

4. Supply Chain Management:

Supply chain management is another critical component of the cannabis industry. The ERP that you choose for your business should enable you to manage the movement of goods and materials across your supply chain, including the ability to track vendors, manage orders, and control logistics.

5. Reporting and Analytics:

To make informed decisions, you need access to real-time data. An ERP software for the cannabis industry should offer robust reporting and analytics capabilities, allowing you to generate custom reports and gain insights into business performance. Look for a cannabis-specific ERP that offers a robust dashboard so that you can easily make quick high-level decisions.

Adjusting settings of a cannabis ERP software

Benefits of Using an ERP Software for your Cannabis Business:

By incorporating an ERP software into your cannabis business, you can experience the following benefits:

  • Increased efficiency and productivity
  • Improved compliance and regulatory adherence
  • Enhanced accuracy and reliability
  • Greater transparency and visibility across the supply chain
  • Better decision-making based on real-time data and insights

How to Choose the Right Cannabis Business ERP Software:

When selecting an ERP software for your cannabis business, consider the following:

  1. Assess your business needs and goals
  2. Evaluate different software solutions and their features
  3. Consider the vendor’s reputation, support, and training options
  4. Look for a solution that is scalable and flexible to accommodate future growth

In conclusion, a cannabis-specific ERP software is critical to the success of your business. By implementing the essential features mentioned above, you can streamline your business processes, increase efficiency, and stay compliant. Choosing the right software is also crucial to ensure that you are getting the most out of the investment. At figgro, we offer a cannabis-specific ERP software that provides all these essential features and more. If you’re interested in learning more or scheduling a demo, please visit our website.

About the author

Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/

ERP for the Cannabis Industry: How a Cannabis ERP Can Improve Inventory Management, Production Management and CRM

Posted on by Wayne Veldsman

In today’s cannabis industry, companies are always looking for ways to optimize their operations and stay ahead of the competition. One way to do this is by implementing an ERP system, or Enterprise Resource Planning system. An ERP system is a type of software that helps cannabis companies manage and optimize their business operations, from inventory management to financial management and customer relationship management. 

When it comes to the cannabis industry, an ERP system is essential for compliance and tracking. The cannabis industry is heavily regulated and requires strict compliance with state and local laws. An ERP system for the cannabis industry will typically include features specific to the industry, such as compliance tracking, seed-to-sale tracking, and real-time inventory tracking. This allows cannabis companies to stay on top of their compliance obligations and ensure that they are operating within the law. 

compliance software for the cannabis industry

In addition to compliance tracking, an ERP system for the cannabis industry can help companies optimize their inventory management. The cannabis industry is known for its high-value and perishable products, so it’s essential to have a system in place that can accurately track inventory in real-time. With an ERP system, cannabis companies can easily manage their inventory, including tracking inventory levels, identifying inventory trends, and forecasting inventory needs. This helps companies ensure that they always have the right products in stock and can make better business decisions. 

Another important aspect of an ERP system is financial management. A good ERP system will provide cannabis companies with real-time financial data, including sales data, expenses, and revenue. This helps companies make better financial decisions, such as identifying cost savings opportunities and forecasting future revenue. An ERP system can also integrate with accounting software, making it easy for companies to manage their finances and stay on top of their financial obligations. 

Finally, an ERP system can help cannabis companies improve their customer relationship management. By integrating customer data into the system, companies can easily track customer interactions and preferences, identify customer trends, and forecast customer needs. This helps companies improve their customer service, increase customer satisfaction, and ultimately increase revenue. 

An ERP system is a must-have for any cannabis company looking to optimize their operations, stay compliant, and stay ahead of the competition. An ERP system can help cannabis companies improve their inventory management, financial management, and customer relationship management, all while ensuring compliance with state and local laws. If you’re a cannabis company looking to improve your operations, consider implementing an ERP system today. 

Did you know that figgro ERP is a single all-encompassing cannabis business software that can do everything you just learned above? How much more efficient do you think you and your team would be if instead of jumping back and forth between seven software’s, you only had to use one? 

Learn more about the figgro cannabis-specific ERP software now and solve all of your cannabis inventory management, cannabis production management, and cannabis compliance and regulation challenges, all in one place. 

Article Author:

Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/

7 Must-Have Softwares for Cannabis Businesses in 2023

Posted on by Wayne Veldsman

Running a cannabis business can be complex, with many different aspects to keep track of. However, with the right tools and software, it can become much easier to manage. 

There are many different types of software available, each catering to different needs of your cannabis business. In this blog, we will take a look at the 7 types of software that can help you take your cannabis business to the next level in 2023. 

First, let’s talk about Inventory Management Software.  

This type of software is crucial for keeping track of your finished products, your production materials, and ensuring that you always have enough stock to meet your needs (a cannabis specific ERP software like figgro should always allow you to set inventory and low-stock alerts). It can also help you understand which products are selling well and which ones aren’t, so that you can make informed decisions about what products to carry. With cannabis specific inventory management softwares, you can ensure that you always have the right products and component on hand at the right time. 

Next, we have Point of Sale Software.  

This type of software is essential for selling your products, and can help process transactions, keep track of sales data, and even track your customers. This way, you can always know how your business is doing, and who your best customers are. With a Point of Sale Software, you can improve your sales and customer service. 
 
If we’re talking about B2B companies in our industry, most are simply using QuickBooks (see more in the “Accounting and Finance” section). If this is the case, be sure to check that your other software’s integrate seamlessly with QuickBooks, or even like figgro, could potentially replace your point-of-sale software all together. 

Moving on, we have Compliance Software.  

As the cannabis industry is heavily regulated, compliance software is a must-have tool. It helps to ensure that your business is following all the rules and regulations set by the government, and can keep track of inventory, compliance records, and even send reports to the government. With Compliance Software, you can be sure that your business is always operating within the law. 

For most states in the US, they’re required to use either Metrc compliance software or BioTrack to report to the state government (international companies have similar compliance systems). When you’re looking for additional softwares to streamline your business, look for one that works well with Metrc and BioTrack. There’s nothing worse than having to record the same information multiple times into multiple softwares… figgro ERP is built to seamlessly sync back and forth with both Metrc and BioTrack so that you never have to worry about double entering any information, or forgetting to report the needed information to your governing body. 

For cultivators, Grow Management Software is a must-have.  

This software is specifically designed to help you keep track of your plants and ensure that they are growing properly. It can also help you plan when to harvest your plants for the best results. With Grow Management Software, you can improve the quality of your products and increase your yield. 

Customer Relationship Management (CRM) Software is another one of the most important tools for cannabis businesses.  

This software helps you keep track of your customers and ensures that you are providing the best service possible. It can help you keep track of sales leads, and even help you plan marketing campaigns. With CRM Software, you can improve customer satisfaction and increase sales. 

Next up is production management software.

This type of software helps you manage the production process and keep track of things like growing schedules, harvest dates, and yields. Production management can be a very complicated and pain-staking challenge to solve. Ensure that the software company you choose to work with is specifically created for your industry and has the clients to prove it. Some popular options include Flowhub and of course figgro ERP. 

Lastly, we have Accounting and Financial Management Software.

This type of software is crucial for keeping track of your finances and understanding how your business is performing financially. It can help you create invoices, keep track of expenses, and make reports. With Accounting and Financial Management Software, you can have a better understanding of your business’s financial health and make more informed decisions. 

One additional thing to think about is job costing. The question of how to effectively do job costing for the cannabis industry is a tough one to answer. Luckily, ERP softwares such as figgro make it easy to build a “recipe,” and know the exact costs per unit and then exact costs per job. This is crucial information to know in order to run your cannabis manufacturing facility well. 

In conclusion, having the right software for your cannabis business can make a huge difference in how well your business operates. Each type of software has its own unique benefits and can help you in different ways. By considering which software is right for your business, you can improve your operations, stay compliant, and ultimately increase your profits. It’s important to do some research and invest in the right software that can help you achieve your business goals in 2023. 

Did you know that figgro ERP is a single all-encompassing cannabis business software that can do everything you just learned above? How much more efficient do you think you and your team would be if instead of jumping back and forth between seven software’s, you only had to use one? 

Learn more about the figgro cannabis-specific ERP software now and solve all of your cannabis inventory management, cannabis production management, and cannabis compliance and regulation challenges, all in one place. 

About the author,

Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/

5 of the Best Inventory Management Software’s for Cannabis Manufacturers in 2023

Posted on by Wayne Veldsman

In the cannabis industry, particularly in cannabis production companies, inventory management is crucial for maintaining accurate records of product stock levels, tracking the movement of products, and ensuring compliance with state regulations (nobody wants to get the government on their bad side). A good inventory management software can help cannabis manufacturers streamline their operations, improve efficiency and accuracy, and reduce the risk of errors and compliance violations. In this article, we will discuss the best inventory management software options for cannabis manufacturers and the importance of using such a software. So you might be asking yourself, what is the best inventory management software for cannabis manufacturers and production facilities?

First, let’s discuss the importance of using inventory management software for cannabis manufacturing. As the cannabis industry continues to grow and evolve, state regulations have become increasingly complex and stringent. Many states now require cannabis manufacturers to track their products from seed to sale, which includes keeping detailed records of inventory levels, product movements, and compliance information. These regulations are put in place to ensure that cannabis products are not sold to minors, are not diverted to the black market, and are not at risk of harming end users. 

In addition to compliance requirements, cannabis manufacturers must also keep track of inventory levels to ensure that products are always available for customers. Running out of stock can result in lost sales, while having too much inventory can lead to waste and increased storage costs. A good inventory management software can help manufacturers accurately track inventory levels, predict future demand, and make informed purchasing decisions. 

Now, let’s take a look at some of the best inventory management software options for cannabis manufacturers and production facilities.

5 of the Best Inventory Management Software’s for Cannabis Manufacturers in 2023

*Note that the following are in no specific order.

CannaLogic

This software offers features such as inventory management, point-of-sale, compliance reporting, and more. CannaLogic also offers a mobile app that allows manufacturers to track inventory levels and make updates on the go. They’ve been around for a good amount of time and have many great reviews from their users.

GreenBits

GreenBits is a point-of-sale system that also includes inventory management and compliance reporting although that is not it’s main function. It offers a simple and user-friendly interface, making it easy for manufacturers to track inventory levels and compliance information.

MJ Freeway

MJ Freeway, one of the bigger players in the space, offers a wide range of features including inventory management, seed-to-sale traceability, compliance reporting, and more. MJ Freeway also offers integration with other software and hardware, such as point-of-sale systems and barcode scanners, to streamline operations and reduce the risk of errors. We see MJ Freeway as being one of the industry leaders in cannabis inventory management.

figgro

Figgro cannabis cloud ERP is built 100% by the cannabis industry, for the cannabis industry. Unlike some of the others, it was not simply adopted to work for cannabis manufactures; the founders and developers were actually consultants within the industry for multiple years before creating this specialized ERP. Figgro offers a simple and user-friendly interface, making it easy for manufacturers to track inventory levels and compliance information, and is also 100% web based meaning it can be accessed from any device with an internet connection.
Figgro cannabis ERP offers integration with other software and hardware, such as point-of-sale systems like Paybotic, barcode scanners and printers, and also seamlessly integrates with both Metrc and BioTrack. Figgro is the best inventory management software for cannabis companies, specifically for manufacturers and production facilities.

Cultivera

Cultivera is a software designed to help businesses in the cannabis industry manage their operations more effectively. It provides a comprehensive solution that covers various aspects of a cannabis business, including cultivation, inventory and compliance. The software integrates key functions such as inventory management, order management, and some financial reporting. This helps businesses to streamline their operations and stay compliant with state regulations.

When choosing an inventory management software for your cannabis manufacturing business, it’s important to evaluate the features of each software and consider the specific needs of your business. Some software options may be more suitable for small businesses, while others may be more appropriate for larger manufacturers. It’s also important to consider the cost of the software and any additional costs, such as onboarding, support and maintenance fees. 

In conclusion, using an inventory management software is essential for cannabis manufacturers to comply with state regulations, maintain accurate records, and ensure product availability for customers. By implementing a good inventory management software, cannabis manufacturers can streamline their operations, improve efficiency and accuracy, and reduce the risk of errors and compliance violations. In the end, cannabis ERP systems will actually save your manufacturing or production company time and money. 

Picking the right cannabis inventory management software can be confusing and time consuming. We’re here to help! Want to learn more about the specific inventory management and other ERP features that figgro has to offer?

Contact us now through our web form, or contact us directly through phone or email to learn about figgro’s comprehensive software platform for the cannabis industry.

Phone: (540) 819-3929
Email: wayne@figgro.com

About the author,

Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/

METRC Track and Trace Software for Beginners

Posted on by Wayne Veldsman

Metrc Track And Trace Software Explained

Are you part of a cannabis manufacturing company that is looking to stay up to date on the latest technology? Metrc track and trace software might be the perfect solution for you! A solution that you might actually be required to use… This powerful software provides detailed tracking and reporting of cannabis products throughout the entire supply chain, from seed to sale. In this blog post, we’ll explain what Metrc track and trace software is, the benefits of using it, how it works, and how to get started.

  • Introduction: What is Metrc Track And Trace Software?
  • Benefits of Using Metrc Track & Trace Software
  • How Metrc Track & Trace Software Works
  • How to Get Started with Metrc Track & Trace Software
  • Metrc Track & Trace Software Integration with Other Software
  • Conclusion: Is Metrc Track & Trace Software Right for You?

What is Metrc Track and Trace Software?

Metrc track and trace software is an industry-leading system that enables cannabis businesses to monitor and report on cannabis products throughout their supply chain. The software uses barcode technology and RFID tags to track and trace cannabis products from seed to sale. This ensures that each product is accounted for and that all laws and regulations are being followed.

Metrc track and trace software is designed to be user-friendly and intuitive, so it can be used by cannabis businesses of all sizes. The software is also highly secure, so you can rest assured that your data is being kept safe and secure.

Metrc partners with many state governments nationwide and is required to be used by all cannabis business license holders within those states.

Benefits of Using METRC

Using Metrc can provide a number of benefits to your cannabis business. First and foremost, it can help you comply with all relevant laws and regulations related to the cannabis industry. Additionally, it can help you keep track of your inventory, streamline your operations, and improve the overall efficiency of your business.

Metrc was built for and is used foremost for compliance. If you’re looking for a software to primarily help with inventory management and your production flow, you’re much better off looking towards a software such as figgro or one of these 5 Best Inventory Management Software’s For Cannabis Manufacturers In 2023.

Additionally, Metrc track and trace software can provide valuable insights into your business operations. You can use the data gathered by the software to make informed decisions and improve the overall performance of your cannabis business.

Interested in an all-in-one software that can help you with your compliance, inventory management, production, and business performance projections? Consider an ERP software that’s specifically built for the cannabis industry.

How METRC Works

Metrc track and trace software uses barcode technology and RFID tags to track and trace cannabis products throughout their supply chain. Once an item has been tagged and scanned, the software will keep track of its movements and provide detailed reports. This allows you to ensure that all laws and regulations related to cannabis products are being followed.

Note that when it comes to softwares that use RFID tags, you most likely will be required to purchase and implement some additional technologies and devices in order to use the software as intended.

The Metrc software also provides detailed analytics that can be used to gain valuable insights into your business operations. You can use this data to make informed decisions and optimize the performance of your cannabis business.

Getting Started With METRC Track and Trace Software

Getting started with Metrc track and trace software is fairly simple. First, you’ll need to purchase the software and tag all of your cannabis products. This process typically takes three to six months to complete. Once this is done, you’ll be able to start monitoring and reporting on your products in real-time.

Additionally, you may also need to complete some additional steps depending on the laws and regulations in your state or jurisdiction. This may include obtaining a license or registration, completing an audit, or registering your products with the state.

METRC Integration with Other Softwares

Metrc Track & Trace Software is one of the only cannabis specific compliance softwares that integrates with the biggest names in the business, from seed-to-sale tracking softwares like figgro, to accounting programs such as Quickbooks. This is simply because they were one of the firsts to market.

As a web based software, Metrc can easily integrate with any other software that has an open API (I.E. softwares/companies that play nicely with others).

Whether you’re just getting started in the industry or are a seasoned veteran, Metrc’s comprehensive suite of features makes it easy to stay compliant and on top of your game.

Conclusion

Metrc track and trace software is an invaluable tool for cannabis businesses. It enables businesses to monitor and report on cannabis products throughout their supply chain, ensuring that they remain compliant with all applicable laws and regulations. The software can provide valuable insights into your business operations, allowing you to make better decisions and optimize the performance of your business.

If you’re looking for a powerful tool to help you manage your cannabis business, Metrc track and trace software is a great choice. With a few simple steps, you can get started with this powerful software and start enjoying the benefits it has to offer.

Did you know that the figgro ERP is a single all-encompassing cannabis business software that seamlessly integrates with METRC and is built to effectively replace their old system? How much more efficient do you think you and your team would be if instead of jumping back and forth between seven software’s, you only had to use one? 

Learn more about the figgro cannabis-specific ERP software now and solve all of your cannabis inventory management, cannabis production management, and cannabis compliance and regulation challenges, all in one place. 

About the author,

Wayne Veldsman

Wayne Veldsman is the Director of Customer Research and Service here at figgro. Having professionally started in the cannabis industry in 2015, Wayne was an early mover to the industry and loves sharing his expertise. Learn more about Wayne through his LinkedIn here, https://www.linkedin.com/in/wayneveldsman/