Introduction
The Cannabis industry is growing with an estimated global market value of 28.5Billion by 2027, according to Grand View Research Report. As more people become aware of the medical benefits of cannabis, More companies continue to invest in cannabis which has propelled its growth. These have created a need for the companies to have cannabis ERP software to help manage internal organization activities under one application. We will discuss below what Cannabis ERP software is, the features, and how it can benefit businesses.
What is Cannabis ERP Software
Cannabis ERP(Enterprise Resource Planning) Software is an application used to manage the day-to-day tasks, reporting, finance, and other activities in a cannabis company. The Cannabis ERP Software helps centralize operation and task automation that eases communication in one application software. These centralized operations consist of all processes from seed-to-sale of the product to the back office operations like data gathering and reporting, HR, customer relationship management, inventory management, staff communication, seed-to-sale management, and others.
The Common Features of Cannabis ERP Software are:
- Inventory management: The Cannabis ERP Software can manage and track stock quantity in the store.
- Seed-to-sale software: Seed-to-sale software is the monitoring and tracking of the process from planting, harvesting, and industrial processing to sales and distribution, all in one software.
- Reporting and Business Intelligence: Cannabis ERP Software can create real-time reports across the business operations.
- Traceability: The ERP Software helps to keep a track record of harvesting, stocks, sales, and others. This can centrally keep a track record of every process in the organization.
- Sales and Customer Service: It helps to record sales and inventory stocks. It also eases customer relationship management in sales and distribution.
Benefits of Cannabis ERP Software
In the Cannabis industry, Some organizations still use ancient ways of managing their cannabis business which can reduce productivity in every aspect. Introducing technological solutions in the cannabis industry will help to boost productivity. The Cannabis ERP Software is one of such technology solutions that can help solve organizations’ problems. Some of the benefits of Cannabis ERP Software are listed below:
- Efficient data control and security
- Sharing of real-time integrated data and report remotely
- Better cost management system
- Improved supply chain process tracking and management
- Better operational visibility
- Improved productivity of workers
- Reduced risk of compliance and regulation