ERP or Enterprise Resource Planning, a suite of tools designed
to help your business grow and thrive
Welcome to ERP
What is ERP?
ERP stands for enterprise resource planning (ERP). It’s business process management software that integrates a company’s financials, supply chain, operations, tracking and reporting, manufacturing, regulatory compliance and human resource activities.
Why is it Important to Cannabuisnesses?
Cannabis is evolving as one of the most regulated and competitive industries ever. One must accurately manage all aspects of an enterprise, comply with extensive regulations and reporting requirements, operate efficiently, and make a profit. This is difficult at best and disastrous at worst.
Who is ERP For?
ERP is for anyone who must lead, manage or work within complex business entities like those involved in the cannabis sector. Today’s cannabis businesses are truly “enterprises” in the truest sense of the word.
Most businesses start out using a variety of simple, standalone tools to manage different processes – such as QuickBooks or Excel Spreadsheets. As the business grows the simple, standalone tools become cumbersome and inefficient.
Below are some conditions that indicate a business needs ERP:
- Spending more time on daily activities. If you are taking longer to manage key activities, like closing the books, too many disparate applications may be to blame. ERP software integrates solutions and data into one system with a common interface, making it easier for business units to communicate and do their jobs effectively.
- There are many unanswered business questions. You cannot easily answer important questions about your business – such as revenue per product line or number of returns. Segregated systems and a lack of access to metrics and KPIs may be holding you back. Enterprise resource planning software is designed to address these challenges.
- Runaway business processes. There areas where processes are getting away from you or are out of control. It’s harder to manage inventory, satisfy customers, or keep costs in check. Business processes need to be restructured to accommodate growth or changing priorities – a natural fit for ERP software.
- Many manual processes with multiple data sets. Are most of your departments using their own applications and processes to get things done? If so, chances are you’re spending too much time on duplicate data entry. When information can’t flow between systems, reporting takes longer, errors happen often, and decision making is hampered.
- Surprises, surprises, surprises. If you think you know the answers, only to review the details and find different results, poorly integrated data environments may be creating unexpected variances. Different people, calculating from different data sets, is a surefire route to confusion and bad business decisions. ERP ensures consistency and accuracy of financial calculations that support business agility.
- Missing out on fast-moving opportunities. If you're spending so much time running the business that you are unable to pursue exciting new opportunities. Newer ERP systems include advanced intelligent capabilities like machine learning and predictive analytics. These new systems make it easier to identify and capitalize on profitable new ventures.
Why haven't I heard of this before?
Gardens are organic things. And although your garden may have good basic bone structure it will from time to time need additional planting or even a total replant. Our planting service includes the preparation of planting plans, sourcing and selection of plants and finally the setting out and planting of plants.
What are the Features of ERP?
Features of a comprehensive ERP system support the following common functional areas:
- Financial accounting: general ledger, fixed assets, payables including vouchering, matching and payment, receivables and collections, cash management, financial consolidation
- Management accounting: budgeting, costing, cost management, activity based costing
- Regulatory compliance: track and trace system integration, inventory tracking and valuation, cash tracking, quality assurance data management, tax accounting and reporting
- Human resources: recruiting, training, rostering, payroll, benefits, retirement and pension plans, diversity management, retirement, separation
- Manufacturing: engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product life cycle management
- Order processing: order to cash, order entry, credit checking, pricing, available to promise, inventory, shipping, sales analysis and reporting, sales commissioning
- Supply chain management: supply chain planning, supplier scheduling, product configurator, order to cash, purchasing, inventory, claim processing, warehousing (receiving, putaway, picking and packing)
- Project management: project planning, resource planning, project costing, work breakdown structure, billing, time and expense, performance units, activity management
- Customer relationship management (CRM): sales and marketing, commissions, service, customer contact, call center support. GoGo ERP offers fully integrated, bi-directional data flow with Microsoft Dynamics 365 CRM.
- Data services: various "self–service" interfaces for customers, suppliers and/or employees
- Business process reengineering: Statistical Process Control (SPC), Lean Manufacturing, Six Sigma Quality Control, Value Stream Mapping, etc.
What are some of the benefits of ERP?
- Higher productivity - Streamline and automate core business processes to help do more with fewer resources.
- Better insights - Eliminate information silos, gain a single source of truth, and get fast answers to mission-critical business questions.
- Accelerated reporting - Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real time.
- Lower risk - Maximize business visibility and control, ensure compliance with regulatory requirements – and predict and prevent risk.
- Simpler IT - integrated ERP applications that share a database simplify IT and give everyone an easier way to work.
- Improved agility – More efficient operations and ready access to real-time data enable the ability to quickly identify and react to new opportunities.