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

Posted on by figgro_editor

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. 

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

Posted on by figgro_editor

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

METRC Track and Trace Software for Beginners

Posted on by figgro_editor

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.