It does not have to be that way. An ERP built for cannabis turns year end reporting from panic mode into a process you can actually trust. The right system will even keep you from burning the midnight oil and crying at your laptop.* 

*results may vary 

Why Year End Reporting is a Nightmare Without ERP 

Cannabis businesses have a unique kind of reporting pain: 

• Compliance rules that never take a holiday: Regulators expect every gram, dollar, and SKU to tie back to state systems like Metrc or BioTrack. Good luck doing that with scattered spreadsheets and disconnected apps. 

• Inventory math that feels like a trick question: Valuing cannabis inventory is a juggling act. Raw materials, trim, extracts, finished goods, and perishables all have to be counted and costed correctly. One wrong formula and the whole report collapses, and that is before you even try to build out a bill of materials with labor costs included. 

• Revenue streams that do not get along: Cultivation, manufacturing, wholesale, and retail each have their own quirks and payment methods. Reconciling them manually is the definition of busywork. 

• Audits waiting to pounce: Year end is prime time for audits. Manual processes leave you more on edge than cutting edge. As Snoop once said, it is better to stay ready than get ready. 

How ERP Turns the Chaos into Clarity 

Instead of digging through silos, ERP brings finance, compliance, and operations into one system. The result is year-end reporting that does not require caffeine fueled marathons. 

• Automatic compliance syncs keep numbers aligned with state systems. No surprises, no drama. 

• Real time inventory valuation tracks costs across every stage so you are not rebuilding the math at the last minute. 

• Finance and operations actually talk to each other in ERP. No more chasing down mystery numbers; everything connects by design. 

• Audit ready reports are baked in. What used to take days now takes minutes. 

• Multi location roll ups let operators see the big picture instead of piecing it together like a jigsaw puzzle. 

The Part Nobody Talks About 

End of year reporting isn’t just about filing taxes or proving compliance. It’s also your team’s chance to learn from the year, and for an accurate analysis you need a single source of truth. ERP gives cannabis operators visibility to spot what worked, what flopped, and where next year’s growth should come from. Without that clarity, you are not planning, you are guessing, and those guesses get expensive and dangerous. 

Close the Books Without Losing Your Mind 

End of year reporting will never be fun, but it should not feel like punishment. With ERP, cannabis operators step into reporting season with confidence instead of chaos, accuracy instead of anxiety. 

Ready to swap late night spreadsheet misery for stress free reporting? Talk to 365 Cannabis and make this year the one you finish strong. 

The post How ERP Saves Cannabis Operators From End-of-Year Reporting Chaos appeared first on 365 Cannabis.

Here’s Everything You Need to Scale Your Missouri Cannabis Business in 2025

Automated Metrc Integration 

Missouri’s state compliance system is Metrc, the leading state cannabis compliance system in the United States. There are many operators who rely on manual entry for tracking plants and products, however manual entry leaves a lot of room for risk. The compliance fees and fines significantly outweigh the cost of trustworthy compliance software. Competitive operators in Missouri are actively looking for cannabis software with an automated metrc integration to avoid manual entry errors. The leading cannabis ERP systems, like 365 Cannabis, are designed with compliance guardrails to ensure users stay within regulations at every step, something we pride ourselves on.  

Real-Time Inventory Control 

As a company grows, so do their assets and that includes every seed, every gram, every gummy. Having instant access to all products across cultivation, manufacturing, and retail is a non-negotiable for the leading Missouri cannabis operators. Real-time inventory control gives operators instant visibility into every SKU, eliminating blind spots and costly write-offs. The right cannabis software will track take account of everything within the supply chain and production schedule and be able to deliver Available-to-Purchase (ATP) data for sales (and here’s why that’s important).  

Integrated Cannabis-Focused Financial Tools 

Missouri’s cannabis community is booming and that means more money to manage for operators. Many businesses, cannabis or not, use QuickBooks. That’s a fair tool for some businesses, but it’s not designed or optimized at all for cannabis operators. Cannabis has unique challenges as a federally illegal, state legal, Schedule I substance subject to 280E. Outside of the QuickBooks limitations, due to cannabis being federally illegal, they do reserve the right to not support any cannabis enterprises, even fully legal and licensed ones. We’ve seen reported issues with QuickBooks as early as 2015 of entire financial recording software locked overnight. While QuickBooks does often turn a blind eye, they overall do not serve the needs of the cannabis community. ERP platforms have financial systems built into place that serve two functions- eliminating the need for third party financials like QuickBooks and integrating all efforts to ensure financial data is accurate. The 365 Cannabis financial module for example pulls financial data in from all sales, all purchases, all invoices, everywhere that touches the business to ensure every penny is accounted for. Native financial functions reduce the opportunity for human error and ensure every spend and every sale is accounted for.  

Data and Analytics for Decision Making  

Missouri’s cannabis market is still relatively young, which means consumer behavior is evolving quickly. Operators who rely only on historic sales data risk missing major shifts in category demand. Advanced analytics provide real-time visibility into product performance, costs, and margins, helping operators pivot quickly and stay ahead of competitors. Dashboards powered by tools like Microsoft’s Power BI allow businesses to identify growth categories, spot inefficiencies, and make data-driven decisions with confidence. In a fast-moving market, analytics are the difference between reacting to trends and leading them. 

Missouri cannabis operators are competing in one of the most dynamic markets in the country. Success in Missouri’s cannabis market demands excellence in compliance, product visibility, accuracy, finance, and control across the entire business. ERP built for cannabis, like 365 Cannabis, combines compliance, inventory, financials, and analytics into one platform designed for growth. 

If you’re ready to scale your Missouri cannabis operation, schedule a demo with 365 Cannabis and see how ERP can help you lead the market. 

The post How to Scale Your Missouri Cannabis Business in 2025 appeared first on 365 Cannabis.

Because cannabis is a regulated product with strict expiration dates, operators must not only produce efficiently but also turn product quickly. The reality is that many overproduce which forces them to slash prices just to get product onto shelves. This cycle of oversupply and discounting has accelerated falling wholesale prices across the U.S. According to Cannabis Benchmarks, the weighted average price for a pound of cannabis dropped from $1,328 in August 2019 to just $1,093 in August 2025—a 17.7% decrease—while inflation rose by 26.36% in the same period.  

With rising costs of living and operating facing off with a race to the bottom, cannabis operators need smarter strategies to protect margins and stay competitive. 

Spoilers: we got your back on this but keep reading. 

How Can Cannabis Operators Control Their Sales Inventory?  

A major factor in the race to the bottom is discounting product pricing. Common reasons for discounting products are upcoming expiration dates and having too much product on hand and needing to make space. A solution that we have seen success with is Available to Purchase (ATP) in cannabis software.  

What is ATP in Cannabis?  

ATP is a live tool in cannabis inventory management software that delivers data to operators on how much cannabis can be legally and operationally committed to a sale. Basic inventory counts will only show how much finished product is ready to sell at that moment- just what’s on hand. An APT program is a comprehensive look at what you have on hand, what you have allocated to customer orders, what’s quarantined, what’s in the production cycle, and what’s pending testing. Where basic inventory reports give a surface-level snapshot, ATP provides a comprehensive, real-time picture of what’s actually sellable. 

How does ATP Help Cannabis Operators? 

ATP capabilities for cannabis management extend past sales availability; it can also be a compliance safeguard. The accurate numbers inclusive of products in testing or to be finished soon deliver accurate inventory across the board. This ensures alignment with the state compliance system and avoids unnecessary compliance penalties. Many ATP solutions also offer FIFO capabilities to ensure, true to form, product is sold on a first in, first out basis.  

ATP also prevents accidental oversell situations that may be costly and labor inducive to fix. Aside from oversells, there may be fees or penalties within state compliance systems for inaccurate product numbers. The ATP tool becomes a single source of truth for cannabis sales commitments and streamlines operations for your sales team.  

When paired with a cannabis ERP system that includes sales projection reporting, ATP gives operators the insights they need to forecast demand, control output, and maintain profitability.  

How Can Cannabis Operators Implement ATP Today? 

The fastest way to bring ATP into your cannabis operation is by using a cannabis ERP system designed for compliance and inventory management. With 365 Cannabis, ATP is powered by SellStack and can be built directly into cultivation, manufacturing, distribution, and retail workflows. That means operators can see, in real time, exactly what inventory is legally and operationally available to sell, without worrying about overselling, compliance discrepancies, or wasted product. 

By combining ATP with 365 Cannabis’ sales forecasting, costing, and compliance integrations, operators can finally take control of their inventory, protect profit margins, and stay competitive, even in an oversupplied market. 

To see the solution in action, schedule a demo with 365 Cannabis and discover how ATP can give your business the confidence to promise only what you can deliver. 

The post Why Available to Promise (ATP) Matters to Cannabis Operators appeared first on 365 Cannabis.

What is an ERP?  

ERP stands for Enterprise Resource Planning, and is a platform that streamlines a company’s operations, efficiency, data, and finance. The ERP becomes the internal hub for all moves made within the buisness. Major companies utilize ERP to ensure that every aspect of their organization across all locations are connected, tracked, and accounted for. Massive corporations like Ford, Under Armour and Coca-Cola all utilize ERP systems, and specifically use Microsoft-based ERP systems. The biggest draw for companies to implement an ERP is scalability- ERP systems are built for long term growth.  

What is a Cannabis ERP? 

A cannabis ERP has all the same functionionality that large scale organizations utlize, but also includes features for compliance. The ERP connects cultivation, production, manufacturing, distribution, and retail along with the most important aspect of cannabis- compliance. Any self-respecting cannabis ERP removes the need for QuickBooks or other standalone finance platforms because ERP inherently includes financal support. Metrc and BioTrack intergrations are also embedded within cannabis ERPs to ensure compliance at every step of the plant life’s process from planting the seed to hitting the customer’s exit bag.  

What is Seed-to-Sale? 

Seed-to-Sale is a term that gets used a lot in the cannabis space and may appear interchangable with POS, or even ERP, at times. Seed-to-Sale is typically used as a compliance system and POS to organize and hold all the operator’s information. This is helpful however, Seed-to-Sale does not integrate finance platforms forcing users to utilize QuickBooks or other finance platforms. While some Seed-to-Sale software programs may be more robust than others, overall they are limited by: 

• No finance management  

• No or extremely limited support for manufacturing or processsing  

• No cross-departmental integration 

• Reporting that only pertains to specific transactions or tasks, not representative of the entire buisness suite of functionality  

A Seed-to-Sale software focuses on regulatory compliance, but doesn’t offer the resources for scalability. 

What are the Major Differences Between ERP and Seed-to-Sale? 

Seed-to-Sale is a regulatory platform for compliance and limited reporting. It works for dispensaries as far as inventory and retail sales tying into state regulatory platforms. ERP is a data powerhouse that connects every aspect of an operation, vertically integrated or not, across all locations and becomes the central source of truth for business decisions. A Seed-to-Sale delivers a summary of what happened, while an ERP delivers context of why things happen and what to plan for in the future. 

Who Should Use a Seed-to-Sale vs. an ERP?  

Seed-to-Sale is a great option for single location retailers. A standalone dispensary needs a compliance tool to ensure they’re in line with Metrc, BioTrack, or whatever regulations in their area are needed.  

ERP is a great option for vertically integrated companies, multi-location and multi-state groups, and companies primed to scale their operation. Cultivators, manufacturors, producers, and retailers are able to make use of an ERP to align their entire organization, including financials.  

ERP users are able to replace multiple disconnected business tools like separate Seed-to-Sale, inventory platforms, manufacturing softrware, accounting software, and loose spreadsheets and pulls all data into one unified platform. ERP reduces human error by eliminating double entry across serveral touchpoints.  

Not every operator needs an ERP to survive; many are viable candidates for a simple Seed-to-Sale software. The operators looking for growth, streamlined operations, and a single software partner to track every COG, every BOM, every invoice, every penny moved through the organization need to be looking at an ERP.  

Ready to look into ERP software options for your cannabis business? We have a comprehensive guide for selecting the right cannabis ERP for your operation.

The post Cannabis ERP vs. Seed-to-Sale: Key Differences & Benefits Cannabis Operators Need to Know appeared first on 365 Cannabis.

Why is Dab Day celebrated on July 10^th?  

When the characters ‘710’ are flipped upside down, they look like the characters ‘OIL’.  

New Frontier Data reported that vape products “were included in transactions at nearly the same rate among both men & women (21%).” Regardless of age, we’re seeing one in five cannabis shoppers reaching for oil.  

Unique Challenges of the 710 Cannabis Supply Chain 

The processing of cannabis extracts can be done a few different ways, but all routes lead to a complex supply chain. Extracting oil from flower can be tedious and often requires a lot of hardware to produce finished goods. This long path to finished goods leaves the supply chain with several points of vulnerability where things can go wrong or get expensive.  

Modern Solutions for Cannabis Challenges  

Operators who work with vape and concentrates understand the high overhead and hyper-specific regulations required to work in the extract world.  

Three of the Top Reported Cannabis Operator Issues During Production:  

• Remaining compliant per METRC or BioTrack throughout production  

• Not knowing exact COGS  

• Reporting is too slow for accurate inventory or batch tracking  

How Do Cannabis Cultivators and Manufacturers Stay Compliant Through Production? 

The strongest operators have both a compliance expert on staff full time as well as a compliance-based software. 

As more cannabis licenses are issued, the need for cannabis compliance managers rises. The average salary for a cannabis compliance manager averages out to over $90K a year. These roles are typically a one-person department with some exceptions for large, enterprise-level operations that justify a full compliance team.  

There is an opportunity for human error with compliance team members, so the best way to ensure compliance is utilizing tools that guarantee compliance guardrails. Many compliance experts advocate for software that has embedded connections with localized compliance regulators like METRC, BioTrack, and Health Canada. The best cannabis ERP for concentrate producers will all have strong relations with regulators.  

How Can Cannabis Cultivators and Manufacturers Track COGS During Production? 

There are a few ways operators track their COGS that range from very vulnerable to airtight. The most vulnerable way is to manually track spend and labor across finished product. While it appears simple on the surface, it ends up with lots of opportunity for missing numbers, simple typos causing calculation errors, and the chance that it could all be wrong or overlook key spend.  

The airtight solutions ensure accurate tracking based on accounting software for pricing, compliance measures that track what is used where and when, and labor. These tracking practices also deliver an accurate bill of materials for extraction inputs. Utilizing tools that empower operators to know their true cost per gram delivers the control over costs that business owners dream about. Airtight software solutions offer two absolute non-negotiables: accounting integration and compliance data. With accounting integration, spend is inherently tracked and verified for complete accuracy. Compliance data ensure each step of production is tracked and verified against products used, finished goods, and hardware depreciation. The best airtight solutions will be wholly integrated across operational platforms to ensure internal data transparency and compliance accuracy for all aspects of the business.  

Why is Reporting so Slow for Inventory or Batch Tracking?  

The solution here is a better solution. There are some cannabis tech stack companies that are built for cannabis without the resources to ensure a long-lasting product. There are also companies with tried-and-true tech that are not made with cannabis in mind. There are a select few tech companies that truly established technological resources and reliability with the custom infrastructure for the cannabis industry. More advanced tech-based companies will have live reporting, like Jet Reports. 

How Can Cannabis Operators Refine Their Supply Chain?  

By working with an ERP solution that understand their unique challenges across every aspect of the cannabis industry.  

365 Cannabis is powered by Microsoft, so our cannabis partners can take advantage of the suite of Microsoft business platforms, reporting capabilities, and fully integrated suite of support. Aside from the well-grounded tech, the team is powered by cannabis veterans from across North America who are dedicated to the industry’s success.  

The post How Cannabis ERP Solves 710 Cannabis Supply Chain Challenges appeared first on 365 Cannabis.

In today’s fast-paced business world, efficiency is everything. While many will look to ERP’s as the pinnacle of efficiency, they are an essential tool but not a magic fix. Let’s dive into why it’s essential to establish strong business practices now to get the most out of your ERP.

Build A Strong Foundation 

Just like a sturdy foundation is essential for a stable building, having robust business practices is the foundation of a successful ERP implementation. If your existing habits involve inefficiencies, inaccuracies, or poor communication, introducing a cannabis ERP system without addressing these issues is like building a skyscraper on quicksand. By fixing these habits beforehand, you ensure a strong foundation for your ERP project to flourish. 

Data Accuracy and Integrity: Garbage In, Garbage Out 

Imagine handing a powerful microscope to a lab technician with shaky hands – just as shaky data feeding an ERP system will only amplify existing errors and inconsistencies. Like putting a fresh coat of paint on a crumbling house, implementing a new ERP without addressing poor data quality is setting it up for failure. Just as fundamental to an ERP system’s success as its functionality is the cleanliness and accuracy of the information it ingests. Contaminated data guarantees contaminated output, rendering the promised benefits of an ERP system out of reach. So, before your shiny new system arrives, clean house – prioritize data hygiene and ensure your ERP foundation is rock-solid with reliable, accurate information. 

Redefine Misaligned Processes 

Cannabis ERP software is designed to streamline and optimize business processes. However, if your current processes are convoluted, manual, or outdated, implementing an ERP will only automate the chaos. It’s wiser to reevaluate and revamp your processes first. This way, you’re not just automating inefficiency; you’re setting up your cannabis ERP system to maximize its potential. 

Don’t Resist, Embrace Change 

Implementing a new cannabis ERP system often requires significant changes in how employees work. Resistance to change is a common challenge in such situations. If an organization’s culture and workforce are not prepared for these changes, the ERP system’s potential benefits will be limited. Employee training, communication, and change management strategies are essential to mitigate resistance and ensure successful ERP implementation. 

Secure Executive Leadership and Ownership 

Successful cannabis ERP implementations require strong executive leadership and ownership of the project. Without the commitment of top management to drive the change, allocate resources, and make critical decisions, an ERP project can easily derail. A new ERP system alone cannot compensate for a lack of leadership and accountability within the organization. 

Minimalism vs. Customization Overload 

While ERP systems offer a wide range of features and functionalities, some organizations fall into the trap of excessive customization instead of trying to fix the root cause of the problem. Customizing the ERP system too extensively can lead to increased complexity, higher costs, and longer implementation times. It’s crucial to strike a balance between tailoring the ERP system to specific business needs and sticking to standard best practices to avoid creating a system that is overly complex and difficult to maintain. 

The Ultimate Reward: Cost Savings 

Fixing poor habits before implementing cannabis ERP software can save you a bundle in the long run. Correcting inefficiencies, improving data accuracy, and streamlining processes can lead to cost savings that far outweigh the initial investment in habit adjustments. It’s a bit like fixing those leaky faucets before the bathroom renovation – it’s an investment that pays off. 

While a new Enterprise Resource Planning system can offer significant advantages for organizations, it cannot fix poor business practices on its own. Before jumping headfirst into an ERP implementation, take a step back and assess your organization’s habits, processes, and culture. ERP implementation should be viewed as an opportunity to drive positive change within the organization, but it requires careful planning, preparation, and a commitment to addressing fundamental business challenges. By addressing and solidifying your business processes alongside your ERP implementation you’re ensuring it has the best possible environment to thrive and deliver transformative results. 

The post A Cannabis ERP Won’t Fix Poor Business Practices. The Best Time to Fix Them? Right Now. appeared first on 365 Cannabis.

Expertise and Experience:

Ensure your support team has a deep understanding of the ERP system software in use. Experienced professionals can troubleshoot effectively and provide strategic insights tailored to your business needs.

Proactive Issue Resolution:

Look for a support team that doesn’t just fix problems but anticipates and prevents them. Proactive issue resolution minimizes downtime and keeps your operations running smoothly. 

Availability:

Business operations are not confined to a 9-to-5 schedule. A reliable ERP support team should be available for extended periods of time to address critical issues promptly, regardless of the time of day.

Customization and Optimization Assistance:

Your ERP support team should assist in optimizing the system for your specific business requirements. They should be proficient at customizations, personalizations, and have a robust partner network of ISVs that enhance functionality without compromising stability.

Regular System Updates and Maintenance:

A proactive support team will ensure your ERP system is up-to-date with the latest patches and updates, minimizing vulnerabilities and improving overall system performance.

Effective Communication:

Clear and consistent communication is key. A good support team keeps you informed about ongoing issues, resolutions, and any potential system enhancements that could benefit your business.

Comprehensive Training Programs:

To maximize the benefits of your ERP system, your team should go through an in-depth training during implementation, including the training of an in-house “super user.” This empowers your team to utilize the ERP system software to its full potential, reducing dependency on external support for routine tasks.

Data Security Measures:

ERP systems house sensitive business data. Your support team should prioritize and implement robust security measures to safeguard against data breaches and unauthorized access.

Scalability Support:

As your business grows, so should your ERP system. A proactive support team assists in scaling the system to accommodate increased data volumes and transaction loads without compromising performance.

User Feedback Integration:

A support team that values user feedback ensures continuous improvement. They should actively seek input from users to identify areas of improvement and implement changes that enhance the user experience.

The success of your system is intricately tied to the effectiveness of your ERP system support team. By prioritizing these ten essentials, businesses can ensure a seamless ERP experience that not only resolves issues promptly but also contributes to the ongoing optimization and growth of their ERP environment.

The post Navigating Success: Top 10 Essentials from Your ERP System Support Team appeared first on 365 Cannabis.

However, the lack of federal legalization makes for a fragmented industry where operators are forced to build their businesses state-by-state. Inconsistent laws at the state-level and restrictive regulations limit the ability of most smaller operators to scale. As a result, multi-state operators (MSOs) are starting to expand their footprint, leading to rapid consolidation across the industry.

Just last year we had two of the largest industry acquisitions on record. Global pharma company Jazz Pharmaceuticals agreed to buy GW Pharmaceuticals, one of the largest medical cannabinoid companies in the world, for $7.2 billion. Florida-based multistate operator (MSO) Trulieve Cannabis acquired Arizona-based Harvest Health & Recreation in a deal valued at $2.1 billion.

With consolidation expected to continue, the need for an enterprise resource planning (ERP) software is quickly becoming a question of “when,” not “if”, for many cannabis operators. How do you know when your business is ready to make that transition from seed-to-sale to a cannabis ERP solution?

Seed to Sale Software vs. Cannabis ERP Software

At this point you might be thinking, “Wait, I already have seed-to-sale software. Isn’t that the same thing as an ERP?” If you take nothing else away from this blog, know this, seed to sale software is not the same as an ERP. While the terms are often used interchangeably, there are fundamental differences in their features and functionalities.

Seed-to-sale software, otherwise understood as cannabis tracking software, is typically used by small to medium-sized cannabis operators to track each individual plant as its grown, merchandised, and distributed throughout the cannabis supply chain. It is used by manufacturers, growers, dispensaries, and local governments to ensure product safety and maintain compliance.

Cannabis ERP systems offer much of the same functionality as seed-to-sale (it can also be used to track your plants). However, an ERP also helps you manage all of your critical business functions, from finance, to operations, to seed-to-sale, compliance, quality, and traceability – all within a single solution.

When to Transition to a Cannabis ERP Solution

In the early days of legal cannabis, the primary concern for operators was compliance. While seed to sale software has proven to be capable in this regard, it is limited in its overall functionality, forcing operators to rely on multiple systems.

As a growth-minded company who has plans on expansion, you will inevitably reach a point when your seed-to-sale software, despite all its compliance and tracking benefits, starts to hinder your growth. You have to find ways to streamline your business.

A true cannabis ERP eliminates the need for multiple systems. It brings together seed-to-sale functionality with back-office features to run all facets of your business efficiently, from sales, inventory, payroll, reporting, compliance, and many other critical operations. Having a single source of information ensures superior data integrity across your organization, freeing you up to focus on the aspects of your company that really matter to you (not just compliance).

Making the Transition

Regardless of what stage you’re at in the business lifecycle, if you have plans on expanding, it’s important to keep the big picture in mind. Start thinking of your tracking software beyond a simple compliance tool, and start thinking how it can help you effectively manage every aspect of your business. Request a demo of 365 Cannabis today!

The post When to Transition from Seed to Sale to a Cannabis ERP Solution appeared first on 365 Cannabis.

Quickbooks

Owned by Intuit, Quickbooks has been around for a long time, with multiple versions available such as QuickBooks Online Plus, and QuickBooks Enterprise Solutions Platinum, Gold, and Silver. As you move to a more elite version, you get increased functionality in instances such as advanced reporting, payroll, inventory, and pricing.

Some strengths of Quickbooks include:

• Longevity and Market Presence – It would be difficult to find an experienced accountant that has never relied on QuickBooks. Since the support, community, and public knowledge is very strong, you can greatly reduce training costs if implementing this software to your cannabusiness.
• Full Range of Deployment Options – With Quickbooks, you can run solutions in a “single-tenant” configuration, giving you the option to move the app from hosting in a private cloud to a public cloud, if necessary. Quickbooks is also extremely easy to buy and set up without help.
• Easily Integrated Payroll and Payment Processing – Perhaps the best feature within Quickbooks is its reliable and convenient payroll and merchant service add-ons. These add-ons are well integrated into the QuickBooks platforms, and provide cannabusinesses with plenty of leverage regarding payment.

Overall, Quickbooks is mostly ideal for small companies and tends to lack the full range of functionality required by many vertically integrated or multi-state operators looking to scale. These weaknesses include:

• Weak User Roles and Security Options – With Quickbooks, it’s often too easy for mistakes to be made and for users to have improper access to crucial data.
• Not So Great Audit Trails – With no record of logins/logoffs, or changes to master records, Quickbooks fails to deliver well with audits.
• Limited and/or Inconvenient Reporting Options — Those using Quickbooks may have some general difficulty analyzing customer insights and reporting analytical capabilities.
• Requires Siloed Systems – If your cannabis business is looking to scale in any way, you will quickly outgrow Quickbooks. Having to combine a separate financial software with a seed-to-sale software along with several other piecemeal systems will quickly create inefficiencies and block growth.

Microsoft Dynamics 365 Business Central

One of the most glaring differences between Quickbooks vs Dynamics 365 Business Central is that the latter is a much more robust software that is part of a true ERP solution, making it significantly more comprehensive and suitable for growing cannabusinesses. Microsoft Dynamics 365 Business Central provides numerous benefits, which include aspects such as:

• One Solution for your Cannabusiness – Microsoft Dynamics 365 Business Central is a complete ERP software solution with financials and accounting as the cornerstone of the system. Combining financials, supply chain, manufacturing, operations, and reporting in one place provides real-time data, eliminates double entry, and significantly reduces costly errors.
• Overall Value – Microsoft claims that its softwares have nearly 800 features that QuickBooks does not have. When comparing Dynamics 365 pricing to QuickBooks, the former rings in at $70 USD/user/month, whereas the latter can cost up to $184 USD/user/month for the Platinum edition.
• Good Audit Trail and Reporting – Microsoft Dynamics 365 has a much more clear cut audit trail, better protecting cannabusinesses against errors and employee theft. Its reporting capabilities give users the chance to use a web-based reporting portal, easily connect data to a full reporting solution, see open purchase orders and purchase comparisons in accounts payable, and give different data access permissions to different users.
• Integration With Microsoft Office – For those who also use Microsoft Office, Outlook, Excel, or any other Microsoft products, Microsoft Dynamics 365 Business Central allows for full integration with these programs. This allows for businesses to process quotes and invoices right inside Outlook, which is hugely convenient for many.

Some weaknesses that Microsoft Dynamics 365 faces include:

• Larger investment, but a more comprehensive and secure solution
• Harder to implement, incorporate, and use without prior knowledge

What Cannabis businesses Should Look for in Software

Some major aspects a cannabusiness should explore for their cannabis financial software include:

• Granular tracking and audit trails
• Customizable and scalable software
• Multilingual and multi-currency capabilities (great with Microsoft 365)
• Full integration in line with operations

365 Cannabis

The battle between Microsoft Dynamic 365 Business Central vs Quickbooks is really comparing apples to baseballs. If your cannabusiness is looking to expand, either in size or across state or country lines, the choice is simple. Quickbooks can be a suitable option for small startups, but Microsoft Dynamics is superior for cannabis operators looking to scale.

At 365 Cannabis, our professional team and cannabis ERP software is committed to helping you grow your cannabusiness. We offer a comprehensive, vertically integrated ERP software that scales as you do. 365 Cannabis is built on Microsoft Dynamics 365 Business Central and customized to meet the needs of the cannabis industry. 

Learn more about how we can bring an optimized solution to your business, or contact us directly for any questions regarding our products or services.

The post Microsoft Dynamic 365 Business Central vs Quickbooks For Cannabis Financial Software appeared first on 365 Cannabis.

The inner workings of any cannabusiness can easily get thrown off by constantly changing laws and regulations, and keeping track of the whole operation during these changes only grows more difficult as a result. So what is Cannabis ERP? It’s the solution that combines industry compliance with a fully-integrated software system that scales as you do. But as any business should know, no software lasts forever, and 2022 is set to bring some spectacular upgrades over pre-existing ERP softwares for cannabis companies.

How to Identify an Outdated ERP System

While an ERP software is sure to help any business increase overall efficiency, productivity, growth and cost savings, knowing how to identify an outdated ERP system can be a challenge. Here are some key indicators that your ERP software for cannabis may be in need of an upgrade:

• Lack of Functionality and Scalability – Older business solutions often require a number of add-ons or manual workarounds to manage increased volumes of transactions, leading to higher costs and more inefficiencies. The reports of these outdated systems are also process-specific, and not fully encompassing like they should be. Making strategic business decisions is easier with company-wide data and real-time reports on finance, scheduling, purchasing and sales.
• Unreliable Data – Businesses that utilize multiple processes and procedures often have more difficulty accumulating relevant data among all operational components with an outdated ERP system. For cannabusinesses, bad data can result in compliance issues or costly recalls, so an upgraded ERP system can help properly track all relevant data for every process with complete efficiency.
• Lack of Operational Capabilities – As a cannabis company becomes more complex, outdated ERP softwares won’t have the capabilities to accurately track costs, labor, audits, and other critical components of a successful cannabis operation as they expand.

Why Do We Need an ERP System Upgrade in 2022?

As a result of the increasing significance of the cannabis industry, any scaling business should immediately consider upgrading a pre-existing system to stay up-to-date with any and all resource planning implementations. ERP business management

• Financial data, considered the cornerstone of a true ERP system
• Cultivation, to forecast, plan, track, and register your plants throughout the cultivation process
• Processing, to help configure routes, and to calculate requirements and costs for maximum profits
• Distribution, to ensure you always have the right supply for your vertical integration seed to sale operation
• Retail, with built-in POS designed specifically for dispensaries, which enable users to manage and fulfill patient and recreational orders

Making the Upgrade

The 365 Cannabis ERP system is an optimized solution for bringing more green to your business, with functionality specifically tailored to the unique requirements of the cannabis industry. Our mission at 365 Cannabis is to provide a comprehensive software solution designed specifically for cannabis cultivators, producers, distributors and dispensaries that allows users to maximize efficiency, promote growth, and ensure compliance.

We’ve made it our promise to listen to the industry, and evolve our technologies with purpose. If you are in need of an upgraded ERP software system for cannabis, look no further than 365 Cannabis for a fully-integrated experience. For more information regarding our services, or for any questions or comments, contact us today.

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