While the cannabis industry is still pretty new, it’s currently experiencing a rapid growth expansion, causing many cannabusinesses to realize they are operating on an outgrown ERP platform.
An enterprise resource planning (ERP) system is what makes your business run as smoothly as possible for both your customers and your staff. Everything from fulfilling orders, planning and registering plants, accessing customized data on your customers, and so much more is possible with a modern ERP system.
In light of this deluge of rapid growth within the industry, re-evaluating your cannabusiness’ ERP system is crucial. A simple system audit might reveal what’s causing those kinks in your workflows. To help you identify some telltale clues that your platform is aging, here are some of the most common signs that you have outgrown your ERP.
- Your Seed-To-Sale ERP Is Inefficient
If your current seed-to-sale ERP still involves manual processes, then it’s time for an upgrade. One of the significant benefits of having an automated ERP is that it can streamline processes so your staff can focus on more critical business matters, instead of data entry and extraction.
- Your Current Software Can’t Integrate With New Systems
Right now, a current ERP system is good for about 10 years. However, some businesses report using systems that are nearly 20-years-old! So many new technologies are available, from artificial intelligence (AI) to 3D printing. The possibilities are endless when you’re able to integrate new technology with your ERP.
- You’re Using Several Platforms
If you’re using several, different platforms to track, manage, and organize various metrics, then it’s time for an upgrade. Having a modern ERP for the cannabis industry means using only one platform to manage everything from seed-to-sale financials, forecasting and tracking plants, managing relationship-building with customers, and so much more.
- You Have Bad Inventory Control
One of the most concerning signs you have outgrown your ERP is not having immediate access to your inventory. If you end up overselling items, it not only causes backend confusion, but results in a poor customer experience as well.
With a modern ERP for the cannabis industry, you can be proactive during any possible inventory issues because you have access to all information in one system.
- You Have No Compliance Assistance
Staying in compliance is part of the cannabusiness territory. But, suppose your current ERP system doesn’t help you track regulatory changes and updates, and reduces your ability to pull reports and audits effortlessly. In that case, you could be putting your business at serious risk for fines and penalties.
Upgraded ERP systems make reporting more manageable, but new technology can also handle more extensive data with ease, making the entire process much faster and completely hassle-free.
Switching Cannabusiness Softwares
A cannabis software platform can help you with your day-to-day operations by providing an all-inclusive digital workflow that allows you to give a stellar seed-to-sale experience while staying compliant. According to the National Cannabis Industry Association, switching to modern ERP software can:
- Improve employee retention
- Increase customer satisfaction
- Save money and increase profits
- Increase the value of your business with owners and investors
- Provide immediate reports that can help with strategic decisions
365 Cannabis is all-inclusive ERP software that cannabis experts built specifically for cultivators, producers, distributors, and dispensaries. You can custom build the software from six core modules to fit your cannabis business needs best. If you still think you can’t outgrow your systems, then we invite you to learn more about what switching to 365 Cannabis can do for your business and request a free demo today.