If you’re a newcomer to the cannabis industry, you might wonder when to transition from seed to sale to implementing a cannabis ERP business solution.
This article aims to give you an overview of the three most common cannabis software systems: MJ Platform, Flowhub, and Trellis for businesses. It’ll also help you understand which of them best suits the business needs. Whether or not a cannabis ERP business solution is right for you depends on the business you’re trying to run. It can be from low thc cannabis seeds to medical and recreational use of cannabis products.
MJ Platform
As the industry evolves and grows, cannabis businesses need more sophisticated software solutions to manage and optimize their operations. Such software solutions should provide real-time data and actionable analytics and visibility into supply chain workflows. MJ Platform is an enterprise resource planning (ERP) software solution designed for the cannabis industry and has been used by hundreds of dispensaries, cultivators, manufacturers, and other industry professionals. Its real-time data and analytics capabilities can streamline operations and improve ROI.
MJ Freeway has been a pioneer in cannabis seed-to-sale traceability since 2010. The company Leaf Data Systems is based on the MJ Freeway model and provides tracking technology for cannabis businesses in every legal and regulated market. The state of Nevada and the Commonwealth of Pennsylvania has chosen the Leaf Data Systems platform, and implementation is scheduled for June and November 2017. Both companies will hold in-depth training workshops to help customers navigate the new system.
Flowhub
A cannabis ERP solution should include functionality to track the seed-to-sale process and all aspects of the cannabis business. It should track crop performance, yield, customer purchases, and inventory management. It should be flexible and customizable and offer real-time answers to plant production and business operations questions. By using an ERP, cannabis businesses can improve their financial performance, quality outcomes, and operational efficiency.
A secure seed-to-sale system should maintain a chain of custody and audit trails for the plants and their transportation. This allows businesses to eliminate business-to-business liability and improve practices while minimizing risk of theft. The software should also enable creating a unique identification number for each cannabis patient. Then, they can monitor and measure patient behavior trends. They should also be able to keep track of their supply chain and inventory so that the products they produce are traceable back to their source.
Trellis
If you’re planning to expand your business into the legal marijuana industry, you should consider investing in a cannabis ERP solution. This type of software can help you manage customer purchases, manage resources, and monitor crop performance. It can also help you forecast yields and ensure that your growing space is utilized efficiently. Read on to learn more about this type of software. And, once you’ve found the right software for your needs, it’s time to start exploring the possibilities.
The first step in implementing a cannabis ERP solution is to evaluate which one will best meet your needs. Cannabis ERPs come in different forms, from on-premises to cloud-based solutions. On-premises solutions require your own servers and computers. These are usually more suited to larger businesses. Cloud-based solutions operate on remote servers, so all you need is an internet connection. A cannabis ERP solution can automate many of your business operations.
Flowhub vs MJ Platform
If you’re in the cannabis industry, you’ve probably heard of MJ Platform. This innovative software is designed for cannabis distributors and is the brain behind their seed-to-sale operations. MJ Platform combines data and business intelligence with real-time visualizations to help you manage costs and inventory. If you’re in the cannabis industry, you should seriously consider using this software.
MJ Freeway, the leading cannabis consulting and business management company, recently announced a phase-out plan for its Trackers and MJ Platform cannabis ERP software. Akerna connects cannabis retailers with mobile ordering, responsive websites, loyalty programs, and more. It’s built for customization and brand-ability, meaning you can customize and brand it exactly how you want.
Flourish
A comprehensive ERP solution, or enterprise resource planning software, provides a single source of business data. Cannabis businesses will benefit from the system’s integration of critical business processes, such as finance and customer management, as well as sales and inventory tracking. It also can be used to manage products and by-products, maintain a comprehensive supply chain, and generate accurate reports. Some cannabis ERP solutions even include cloud-based seed tracking software designed by cultivators for cannabis businesses.
As a cannabis company grows, it becomes increasingly difficult to keep up with the changing demands of the industry. Legacy accounting software is no longer up to the task. Growing cannabis companies need more advanced functionality, and upgrading your accounting software can help. But the decision about which cannabis ERP solution is right for your business is not an easy one. Getting the right one for your cannabis business is critical to success.
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