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Farmer holding fresh tomatoes.

How Sage X3 benefits agricultural produce growers

By | Agriculture, ERP, Sage X3 | No Comments
Farmer holding fresh tomatoes in his hands.

Agribusinesses need effective business management software to deliver real-time insights.

Produce growers have complex challenges to ensure that products are fresh, safe to consume and flavorful. But with increasing operational costs and lower prices, agricultural producers need to do more to reduce waste and improve profitability.

An enterprise resource planning (ERP) software solution like Sage X3 gives your agricultural business the ability to automate, trace and report on production at every stage. Here’s a look at how Sage X3 benefits agricultural produce growers.

Challenges for agribusiness

Fresh produce companies are facing complicated times, with price constraints, increasing costs, more legislative control, political uncertainty with international markets and scarce resources. Here are some of the major issues facing agribusiness:

  • Compliance. New regulations, such as the U.S. Food and Drug Administration’s Food Safety Modernization Act, have placed additional regulatory burdens on manufacturers and producers. New obligations require more tracking of pesticides and fertilizers used, storage processes, security and customers. A quality control program integrated into your work processes is critical.
  • Cost Pressure. Agribusinesses today face narrow margins that can be thrown haywire with the slightest disruption. The right ERP can give you real-time insights to make smarter, more profitable decisions.
  • Political Uncertainty. Ongoing trade disputes with key global customers have meant agribusinesses are often stuck in the middle.
  • Customer Expectations. Customers expect products today that are local, organic and grown using sustainable practices. They increasingly want flavors and products from around the globe.

The complexities and challenge make it clear that the right ERP can make a major difference.

Farmer using a tablet in a field.

Your business deserves an ERP solution that automates, manages and optimizes your operation.

What an industry-specific ERP provides

An agricultural ERP can deliver the tools and collaboration that will improve your business at every level. With an industry-specific ERP solution, your business benefits from having:

  • A centralized system that can automate processes and manage information and reporting across sales, supply chain, inventory and accounting using a single database
  • Comprehensive management of your growing operations, including harvest details and attributes
  • Optimized planning for the season with specificity options down to the day and/or the crop, including seed and fertilizer inputs, employee and machinery scheduling and harvest analytics
  • Effective inventory management tools such as expiration data tracking and first-in-first-out processes to reduce spoilage and waste
  • Data security
  • Forecasting, management and analytics on crop estimates, maturity dates, pricing using current and historical data
  • Scalability to expand as demand and needs evolve
  • Compliance management that ensures adherence to multiple regulatory mandates, including the elimination of manual processes with automated data capturing, monitoring and reporting while reducing the risk of errors

Sage X3 is the right ERP for agribusinesses looking to improve efficiency, reduce costs, provide transparency and act quickly. With a deep understanding of agribusiness’ needs, Sage delivers an ERP that features:

  • Integrated processes including planting, harvesting, accounting, supply chain, retail operations, farm management, imports and exports, human resources, contracts and sales management
  • Cost calculation functions for accurate costing, forecasting, pricing and analytics about farms, contractors and machines
  • End-to-end traceability
  • Management of formulas, recipes, byproducts, potency, shelf life and packaging

NexTec helps agribusinesses select, deploy and optimize business software and is a Sage Platinum Reseller. Learn more about how NexTec and Sage can transform your agribusiness.

Take a free tour of Sage X3.

Cannabis.

Competition is increasing in the cannabis industry: How your ERP helps

By | Cannabis, ERP, Sage X3 | No Comments
Cannabis.

Increasing competition makes it critical that cannabis businesses use ERP tools to thrive.

In 2019, Illinois became the 11th state to legalize recreational marijuana sales, with more states placing the issue on ballots or in front of legislators.

As the cannabis industry evolves, it is becoming increasingly similar to other product areas. Brands are beginning to matter, especially as larger cannabis entities purchase dispensaries and growing areas.

Cannabis companies of all sizes need sophisticated software solutions that provide the functionality that lets them be competitive and build a unique brand. Enterprise resource planning (ERP) solutions are an important way to integrate operations, inventory management, strain management, sales and compliance into one cohesive structure.

Competition is increasing in the cannabis industry. How your ERP helps can make all the difference.

State of the cannabis industry

Illinois’ action means the state joins 10 others, plus the District of Columbia, in legalizing recreational cannabis sales to those over 21. Thirty-three states have legalized medical marijuana. In October 2018, Canada became the first G7 country to legalize marijuana federally while Mexico’s Supreme Court ruled recently that prohibiting marijuana is unconstitutional.

According to Marijuana Business Daily, the retail cannabis industry is on pace to increase by as much 35 percent in 2019 compared to a year earlier, eclipsing the $12 billion mark by the end of the year. The website projects that sales of medical and recreational marijuana could reach more than $30 billion as soon as 2023.

The industry’s financing structure is also shifting rapidly, with more private equity being injected into cannabis businesses. That’s because cannabis investors are looking to get higher investment returns, a shift in just two years to a loan-based investment strategy.

According to the 2019 Marijuana Business Factbook, cannabis investors are making the following investments in 2019 compared to 2017:

  • Equity investments (78% versus 61%)
  • Public stock purchases (48% versus 52%)
  • Private equity or managed funds (26% versus 18%)
  • Interest-bearing loans (22% versus 37%)
  • Company purchase (15% versus 12%)

The optimistic financial outlook means not only more forays into the cannabis industry, but more hiring too. Marijuana Business Daily projects a 34 percent increase in full-time employees in 2019 over 2018 levels, potentially exceeding 200,000 workers nationwide. For some context, the website notes, “that’s more than the number of flight attendants in the U.S. and more than double the number of veterinarians.”

The employment gains are driven largely by the expansion of California’s marijuana market and the increasing number of new states approving recreational or medicinal use or both. Employment is projected to reach 385,000 to 475,000 by 2023.

What’s driving competition in cannabis?

Competition is fierce in the cannabis industry. Here are a few of the core drivers:

  • Customer Expectations. With more locations from which to purchase products, more information available and the opportunity to price shop, customers can afford to be picky despite the high demand.
  • New Product Mix. Flower is no longer the primary product sold in most cannabis businesses. In 2018, vaping overtook flower as the most popular mode of consumption. Other popular methods of using cannabis include:
    • Edibles. Gummy sales grew by 925 percent in 2018. Chocolate edible sales increased 166 percent and CBD chocolate sales jumped 530 percent. BDS Analytics’ tracking of retail sales in 2018 in Arizona, California, Colorado and Oregon revealed the following breakdown of edible sales:
      • Candy (44%)
      • Tinctures (17%)
      • Chocolates (15%)
      • Infused foods (11%)
      • Pills (7%)
      • Beverages (5%)
  • Beverages. While technically an edible, beverages are poised for a breakout year. Anheuser Busch and Coca-Cola are just two of the well-known international brands that are considering CBD-infused beverages. Some companies are pitching hangover-proof beer that includes THC. Lattes and smoothies are on the market, too.
  • Medicinal Products. Balms, salves and lotions that contain cannabis oil continue to be popular.
  • Social Acceptance and Consumption. BDS Analytics research notes that 71 percent of consumers use cannabis for social or recreational purposes, with 32 percent consuming products before getting together with others, 28 percent attend a public event after consuming and 18 percent consume in public. Users noted the following as popular consumption reasons:
    • A date night (or day) activity (41%)
    • Daytime fun (41%)
    • Celebrating special events (38%)
    • Going out or letting loose (37%)
  • Changing Demographics. The aging Baby Boomer population is an important demographic. They are more likely (67 percent) to consume cannabis to replace prescription or over-the-counter medications to ease aches and pain than to use for recreational purposes (59 percent).
Cannabis oil.

Oils, food products and soft drinks are emerging product lines for cannabis companies and large corporations.

Why branding matters for cannabis companies

Branding is becoming an increasingly essential factor for cannabis success. With medical or recreational marijuana use available to more than half of the U.S. population, competition is ramping up.

There are also more cannabis derivatives being used for products. While Cannabidiol (CBD) is the most common, others are making a mark, including:

  • Cannabigerol (CBG), which is non-psychotropic and can be used in pharmacological and industrial hemp applications
  • Cannabinol (CBN) is mildly psychoactive
  • Cannabichromene (CBC) has pharmacological potential for its anti-microbial, anti-inflammatory and anti-depressant properties.

As more research is done, it’s likely that farmers and companies will begin to develop cannabis versions rich in one of these components, causing prices to drop and competition to soar.

Other factors influencing the importance of branding include:

  • Industry disruption. Cannabis companies are poised to be a disruptive force in the coming years, becoming a player in industries and markets such as pharma, spirits and consumer goods.
  • Big Pharma. With so many potential healing properties, large pharmaceutical companies are already making investments in cannabis.
  • Regulatory pressure. As more states legalize cannabis, there will be increasing calls to remove cannabis from the list of Schedule 1 drugs. In late 2018, the U.S. Drug Enforcement Administration removed some cannabidiol drugs with THC below 0.1 percent from Schedule 1 to the less restrictive Schedule 5.
  • Volume. As the number of dispensaries and clinics increases, the ability to differentiate will become more essential. To separate a cannabis business from the many nearby competitors will mean a strategic, integrated branding effort.
  • Normalization. Cannabis companies are increasingly mainstream, appearing in heavily trafficked retail locations. For example, in February 2019, Simon Property Group, the nation’s largest shopping mall operator, inked a deal with Green Growth Brands to open 108 retail stores.

“For cannabis companies, opening over 100 dispensaries across the country would be a dream come true. Instead, most have had to adopt a slower approach of either building or buying out multiple dispensaries in each state,” noted a recent article. “Many of these stores also aren’t built on prime real estate. The competition is fierce, and companies with brands that are most influential with buyers are the ones that win these locations.”

Technology makes an impact on cannabis companies

For cannabis companies looking to compete in the increasingly competitive, regulated and crowded industry, differentiation is essential. Having the right ERP solution in place is an important step to providing you with the insights and synergies to stand out.

Here are some of the major benefits of having an ERP designed for your cannabis business:

  • Integrated Functions. With a cannabis ERP, your financial, manufacturing, compliance and inventory functions will be fully integrated, giving you more details and transparency for every component of your business.
  • Real-Time Data. A cannabis ERP lets you enter, extract and report on data in the moment of need, giving you and your employees accurate and up-to-date information.
  • Regulatory Obligations. While cannabis is still illegal at the federal level, states and local jurisdictions are adding, evaluating and modifying regulations frequently, often around inventory control and tracking documentation. Your cannabis ERP can provide you with the functions to ensure audit trails, reporting and tracking of plants, lots and sales are comprehensive and available when needed.
  • Cultivation Management. Cannabis businesses have unique needs for their operations. You need an ERP that will track, record and report on growing conditions, moisture, light, pesticides, nutrients at each stage, from germination to harvesting.
  • Traceability. From seed to sale, you need to have information on the sources, products and uses of each plant. This documentation may be necessary for compliance and it helps provide valuable insights that can be used to improve growing, optimize products and understand your customers.

Sage X3 is the right solution for your cannabis business’ needs. The cloud-based ERP is built to provide the features necessary to differentiate your company in the highly competitive and growing industry, including:

  • Corrective Action/Preventable Action (CAPA) management
  • Seed-to-sale traceability
  • Warehouse, supply chain and logistics management
  • Crop management
  • Inventory management
  • Integration with government regulatory systems
  • Staff management, task assignments and labor cost analysis
  • Distribution management
  • Cost accounting
  • Tax regulation management
  • Fast recall management
  • Production scheduling
  • Integration with point-of-sale (POS) solutions
  • Analytics that compare actual production to projections to improve strain efficiency
  • Quality control functionality
  • Product demand forecasting
  • Customer management

NexTec is the leading business software consultancy, helping companies select the right ERP solution to meet their unique business needs. With NexTec and Sage X3, you have proven expertise in the development, implementation, integration and optimization of a cannabis ERP that will transform your business.

Learn more about technology that runs your CannaBusiness.

challenges oilfield services ERP software

Common challenges for oilfield services (and how ERP delivers)

By | Acumatica Cloud ERP, ERP, Oilfield Services | No Comments
Common Challenges of Oilfield Services

Even in the past few decades, technology has advanced in the field to increase cost control, efficiency, and reliability. Unfortunately, for many firms, the finance team hasn’t been as lucky.

In today’s competitive, connected, and compliance-focused landscape, running an oilfield services company is often quite a challenge. The backbone of the energy industry and a key player in a variety of others, few industries can say that their products and services are used in some form by every business and consumer that exists—every single day.

Growing demand for oilfield services presents hope and challenges

Whether oil is refined and used for fuel, heating, lubrication, asphalt, or plastics, oilfield services companies can say that they play a vital role in the day-to-day lives of more than seven billion people and will continue to do so for decades or centuries to come. That said, with U.S crude production expected to set annual records through 2027 and remain greater than 14.0 million barrels per day (b/d) through 2040, the market for companies in the oilfield services industry continues to grow and become more competitive.

With increased demand for your company’s services, your ability to remain competitive will rely on your ability to provide continued financial and operational sustainability. Too often, however, the ability to see the big picture becomes much more convoluted when you grow—especially if you are employing manual, disconnected processes.

The risks of avoiding new technology for oilfield services companies

Even in the past few decades, technology has advanced in the field to increase cost control, efficiency, and reliability. Unfortunately, for many firms, the finance team hasn’t been as lucky.

Many firms, either reluctant or opposed to taking on a massive technology project—especially one that doesn’t contribute directly to the services they provide, have fallen behind their competitors who have. In fact, those who feared the risk of an implementation failure have actually set themselves up for risks in other forms.

Disjointed workflows

In the oilfield services world, process is vital—everything needs to happen in a specific order. Sadly, when it comes to things like invoicing, expenses, and financial management, workflows are often disjointed. This becomes even more of a concern for companies working in multiple locations often hundreds of miles apart.

For example, think of the process of approving and billing tickets. How long does it take and how many people have to participate?

Too often, companies like yours rely on a mess of scanners, spreadsheets, and email to process paper field tickets. One slip up along the line—a finger slip when entering a ticket information into a spreadsheet, people who end up working on multiple versions of a spreadsheet, or a missed ticket—means that someone has to backtrack to find out what went wrong and fix it. Worse yet, if the process takes a month or more before the customer even sees (and rejects) an invoice, your team has to go into scramble mode to find and rectify the error.

It goes further than field tickets too, budgeting and planning often relies on the same spreadsheet and email-based communication, it becomes easy to lose track of consumable- and rental-based inventory, and hard to keep track of compliance and more.

Compliance challenges

In today’s world where information travels faster than ever before, noncompliance could be extremely dangerous—not only in the form of cost, but in the form of reputation as well. This is especially true for oilfield services companies who have to answer to a variety of regulatory agencies.

Unfortunately, without the right technology, it becomes quite easy to lose track of your operations and potentially fall out of compliance. Staying on top of risk assessments, testing, incident capture, emissions measures, and hazard monitoring controls is a necessity, but if you’re spending hours or days trying to understand whether or not you are in compliance, you are putting yourself at risk.

Equipment and inventory issues

Whether it’s consumable inventory, tools used in the field, or rented equipment, knowing where everything is, how much it’s being used, and how much revenue something is generating presents a challenge.

You need real-time visibility into the location, rig supply, availability, and utilization of all equipment and tools required for oil drilling and operations. The right technology can help you to keep track of this, but without it, you run the risk of unexpected downtime or stockouts that cut into your margins.

Overcoming oilfield services challenges: How ERP fits in

As the oil and gas industry continues to develop and opportunities to grow your business arise, you need efficient processes in place to remain competitive. Now is the time to remove the obstacles that interfere with your productivity and make sure that your business has the tools it needs to prosper.

NexTec has the industry experience, technical know-how and the solutions to guide you to new heights. We’ll help you select the right software and process that connects your business and gives you the insight you need to make the right moves. We work with world-class technology providers, like Sage, Microsoft and Acumatica, and have a nationwide network of consultants with deep expertise in the oilfield services industry. Get to know more about the benefits of ERP, CRM, and BI technology for the oilfield services industry here, learn more about our services, and contact us for a free consultation.

Man in a blue suit pointing too cogs.

Why manufacturing businesses should integrate ERP and CRM

By | CRM, ERP, Manufacturing | No Comments
Man in a blue suit pointing to cogs.

Integrated business software means a single source of data and more transparency.

For many businesses, the most useful and effective business software tools are their enterprise resource planning (ERP) and Customer Relationship Management (CRM) tools. They are each essential for connecting processes, people and tasks to drive efficiency.

With so much power and performance capabilities, it’s no wonder why manufacturing businesses should integrate ERP and CRM platforms.

Complementary components make integration the right choice

Your ERP solution and CRM tool focus on different parts of your manufacturing operation. As seen in the above chart, the two solutions have distinct areas of focus and orientation.

ERPs have a back office structure that focuses on keeping data integrated, partners informed and operations running efficiently. A CRM is externally focused, helping sales, marketing and customer service teams connected with customers and leads. Integration allows for broader transparency throughout the manufacturing operation, empowering teams in different areas to work together more effectively.

Business Software Comparisons ERP CRM
Functionality Back Office Activities (Finance, Inventory, Production, HR) Front Office Activities (Sales, Marketing, Customer Service)
Orientation Enterprise Employees, Leadership, Supply Chain Partners Customers
Focus Cost Reduction, Efficiency Sales Growth
Users Project and Inventory Managers, Finance Staff Sales Teams, Marketing Leads, Customer Service Staff

Benefits of ERP and CRM integrations

Group of colleagues discussing a project.

Improve sales results and customer service with an integrated ERP-CRM solution.

There are many advantages to integration, including:

  • Dual Data Entry Reduction. All too often, manufacturers have to reenter information stored in one system into another. That’s inefficient and can be alleviated by having a single source of data.
  • Full Customer View. Gain a 360-degree view of your customers – from inquiry to sales call to order to delivery to finance to billing to customer service. This provides richer information for all employees. When a customer calls about an order status, reorder, delivery question or product need, everything can be accessed in one place. Share inventory levels, product deliveries, order status and returns easily with colleagues and customers.
  • Faster and Better Decisions. With a single source of information, employees can interact easily. Using mobile apps that let sales reps on the road and finance employees in the office discuss a potential order, for example, results in smarter and coordinated decisions.
  • Improved Quote Management. When sales reps are preparing quotes, they can access historical and current customer data, including the cost of materials, production time, delivery needs, production schedules and overall costs information stored in the ERP. Customers get timely and more accurate quotes.
  • Cost Reduction. Integrating a manufacturing ERP and CRM lets you reduce operational costs and time.
  • Mobile Applicability. Techs and sales reps need access to tools and data while in the field. Integrated platforms that allow for a single mobile source of information makes for more efficient sales and service calls.
  • Additional Benefits. Your manufacturing company also gains the following with integration:
    • Improved accuracy of product forecasting
    • Faster product delivery
    • Quicker billing using automated processes
    • More qualified sales proposals with a deeper understanding of customer history
    • Faster approvals via automated workflows
    • Improved leads management

Guidance for ERP and CRM integration

NexTec is the leader in business software consulting. Our experienced staffs can help you choose the right ERP and CRM systems, including Sage X3 and Acumatica, that provide an integrated solution for your manufacturing needs.

Which ERP best fits your needs? Here are some tips.

Marijuana Business Factbook

Marijuana Business Factbook: Get the most complete guide to the cannabis industry

By | Cannabis | No Comments

Marijuana Business FactbookThe pace of change in the cannabis space is practically unrivaled, meaning information that was current just 6 months ago is already outdated. But the editors at MJBizDaily have you covered.

The 7th edition of the Annual Marijuana Business Factbook has all the latest state-by-state updates, market data and outlook to keep you consistently informed. Purchase your copy now and receive quarterly updates until 2020.

The 7th edition of the Annual Marijuana Business Factbook includes:

  • 112 New & Updated Charts – take advantage of projections and findings on sales, employment and investment data
  • Industry Trends and Market Analysis – explore and pinpoint new business and investment opportunities
  • Key Data and Metrics – identify and explore insights into your competitors’ business
  • Over 150 Pages of State by State Legal and Regulatory Updates – get a complete look at the legal landscape in the United States
  • Business Intelligence and Insights – avoid common cannabis business mistakes

Purchase your updated copy of the Annual Marijuana Business Factbook at mjbizfactbook.com or call Marijuana Business Daily directly at (720) 213-5992×1. Plus, use promo code NEXTECFB50 to save $50.00 on your factbook purchase.

Interested in learning more? Download the Complimentary Excerpt of the 7th Edition.

Food shop with sign labeled food allergies and intolerances.

How food ERPs assist with traceability of potential food allergens

By | ERP, Food and Beverage | No Comments
Food shop with a sign labeled Food allergies and intolerances.

The alarming increase in food allergies means manufacturers need to be ever-vigilant in maintaining food safety.

With the prevalence of food allergies growing, it’s more important than ever for food and beverage companies to have systems that protect their customers from cross-contamination.

That means having tracking capabilities throughout the production process, along with robust traceability and transparency features. Having the right enterprise resource planning (ERP) software in place lets your business prevent errors and be prepared in the event of a product recall.

Let’s take a closer look at how food ERPs assist with traceability of potential food allergens.

Food allergies on the rise

A recent study of more than 40,000 U.S. adults found that 10.8 percent had a food allergy. Of those with an allergy, nearly half reported the allergy manifesting itself in adulthood while 38 percent had made at least one allergy-related emergency department visit. In the U.K., peanut allergies have increased five-fold between 1995 and 2016.

Researchers are still unclear as to why the number of allergies has risen so rapidly, especially in the West. Environmental causes such as pollution, dietary changes and lack of exposure to microbes are all suspected reasons.

Person holding their stomach and styrofoam food container.

Cross-contamination is a major factor contributing to products inadvertently containing allergens.

Allergy impact on food and beverage makers

Manufacturers face several challenges when it comes to allergies.

Cross-contamination is one of the most common issues, often from improper cleaning of production lines and equipment, leaving product residue which is then picked up by the next product.

Tracking must be in place at every stage of the process, recording the lots, batches, recipes, amounts and sources of every ingredient used in every product. That’s essential because if there is a food issue, your company needs to be able to trace back any issues throughout the supply chain.

Labeling is also critical. Despite labels that indicate a product “may contain” an allergen or was manufactured on shared equipment, such labels are often misinterpreted by consumers.

Traceability processes also must be in place if, in the event of a recall, it’s necessary to track the sources of contamination. In such cases, transparency and speed are critical.

Maintaining safety with a food ERP

The importance of food safety means having the right business software to track, manage and report on key production elements.

Sage X3 offers an ERP solution developed specifically for the food and beverage industry. The product provides functionality to prevent cross-contamination and prepare for food recalls.

Among the features:

  • Inventory Management. Real-time monitoring of inventory, location management, stock movements and product data tracking help keep you aware of what’s where.
  • Quality Control. With proactive monitoring and product traceability, you can be prepared and proactive. Features include number management (batch, sub-batch and serial number), use-by and expiration date management, stock status (accepted, rejected, inspected), and quality control records, procedures and analyses. The module also allows for upstream and downstream traceability management.

Sage X3 offers exceptional functionality and traceability. With NexTec as your strategic partner, your business can select the right ERP for your needs. NexTec helps companies select the right business software and manage installation and optimization. Take a free tour of Sage X3 to learn more.

Group of three colleagues discussing architectural plans.

ERP for Professional services businesses? 4 Reasons the answer is yes.

By | Acumatica Cloud ERP, ERP, Professional Services | No Comments
Group of three colleagues discussing architectural plans together.

Architectural firms and other professional services businesses need business management software that scales, improves communication and drives efficiency.

Professional services organizations such as law practices, accounting businesses, engineering companies or architectural firms gain significant benefits from having an effective enterprise resource planning (ERP) solution.

Choosing an ERP that provides greater operations visibility, better communication and easier financial reporting lets principals and other staff to focus on core work.

Are you wondering whether it’s the time to invest in an ERP for professional services businesses? Four reasons why the answer is “yes” are below.

1. Operational visibility

With a professional services ERP, your firm will have a “single source of truth.” All users across the business will be using and reporting on the same data and documents. Siloed work disappears with a unified solution. This means essential functions such as project finances, resource scheduling, KPI reporting and other critical operations are consistent and synchronized with real-time data.

2. Improved communication

Using a central ERP provides for instant and seamless communication among employees and with clients. With continuous connectivity, employees can communicate with each other and clients across locations internationally. Access to data on mobile devices via apps helps external and in-office staff to collaborate in real time to boost reaction time to client inquiries or concerns. Reporting tools give you a complete view of the client relationship, no matter with whome they are interacting.

3. Accurate financial reporting

With data fed from decentralized sources into an integrated ERP, financial reporting is more accurate and timely. With all transactional, contact and outcomes data in one system, key stakeholders have a complete and consistent view of firm finances. On-demand reports provide needed information in the moment to provide accurate revenue, cost and profit information.

4. Flexibility and scalability

You need an ERP that can adjust to increases in demand or additional services. With a professional services ERP, you can adapt to changing market conditions or customer demands quickly by adding capacity or new features. You want a solution that will not slow down your growth plans but complement them.

Desktop with judges gavel and brass scale.

Acumatica’s ERP for professional services helps firms deliver on client expectations.

An ERP built for professional services firms

Acumatica’s ERP for professional services is built to address some of the most pressing challenges facing your business, including:

  • Maintaining strong relationships with clients
  • Bidding on and closing on new work
  • Delivering projects on time and on budget
  • Meeting growing client demands for more services
  • Offering competitive prices while maintaining strong profit margins

With Acumatica, you’ll have access to a suite of integrated tools designed to address key needs for your firm. Among core features are:

  • Customer Relationship Management. Sales automation, integrated marketing and a customer self-support portal give tools to serve clients better. Get a complete 360-degree view of your business with integrated financials, marketing and service.
  • Time and Expense Management. Track time spent for clients, employees, contracts and projects with mobile time entry capabilities.
  • Business Intelligence. Reporting tools drawing on real-time data for insights on projects, clients and KPIs.
  • Integrated Financials. Manage your entire financial department within the ERP, using a single source of truth for general ledger, accounts payable and receivable, deferred revenue, tax management and human resources.

Integrating your company’s operations in an ERP designed to address critical industry needs is why so many professional services firms choose Acumatica. At NexTec, we help companies identify the right business software, develop an implementation plan, and optimize your investment. Find out how Acumatica stacks up against the leading systems on the market in this free report.

Webinar: Streamline compliance with modern ERP

By | Chemicals, Events, Food and Beverage, Pharmaceutical / Nutraceutical, Sage X3, Upcoming Webcasts | No Comments

Staying current with complex mandates and regulations is one of the biggest challenges faced by food manufacturers. During this webcast as we join the independent advisors from Ultra Consultants for an educational webinar that puts the focus on this important topic.

We know that staying educated on the best way to meet ever-increasing rules and regulations keeps your organization operating at peak performance. That’s why this session is so important. See how modern ERP plays a critical role in supporting compliance and automating required documentation and processes.

We’ll demonstrate the key features needed to improve functions such as:

  • Lot attributes
  • Traceability
  • Recall
  • Quality checkpoints
  • Complaint management

Helpful resources

Workers installing solar panels.

Acumatica helps you address these 5 field services challenges

By | Acumatica Cloud ERP, ERP, Field Services | No Comments
Workers installing solar panels.

The right business software helps ensure field techs have the tools and equipment necessary.

Field services companies face unique challenges, from data integration and maintenance management to scheduling, dispatching and route management.

Managing these challenges requires a business software designed for the field services industry. An enterprise resource planning (ERP) product like the Acumatica Cloud ERP Field Service Edition provides functionality designed specifically to meet those challenges head-on.

Here’s a closer look at how Acumatica helps you address these 5 field services challenges.

1. First-time fix rates

Returning to a customer to redo work is costly. Often return work is due to poor, inaccurate or incomplete information about the customer’s problem, inaccurate location data, incorrect equipment or a mismatch with technician skills.

2. Scheduling predictive repairs

Sensors installed in equipment are able to alert your business when needed repairs are critical. Businesses that can respond promptly to these issues using the Internet of Things and wireless technologies can prevent larger repairs.

3. Managing service contracts and warranties

Maintaining the revenue from service contracts means tracking expiration dates and managing appointments and service calls. Warranty information needs to be integrated with other functions, including sales and customer service, while accurate tracking of what parts are under warranty is critical.

4. Emergency service calls

Emergencies can derail technician scheduling, route optimization and equipment availability. A field services ERP should provide the right integrations to minimize the disruptions.

5. Siloed data

Field services companies that keep customer data, processes, scheduling and finance in separate systems are working from behind. An ERP solution integrates data from myriad functional areas and systems, giving all employees a 360-degree, transparent look at operations, customers and information.

With mobile solutions, Acumatica’s field service ERP delivers needed information in real time to field techs.

How Acumatica Cloud ERP Field Service Edition solves common problems

Acumatica’s field services ERP solution is designed to solve common and complex problems in the industry. The main benefits and features include:

  • Scheduling, dispatching and call center management to expedite responses with accurate service needs, customer information and history, and create or modify schedules
  • Route planning using Google Maps to optimize resources. The module includes route plotting for service techs, lists of required equipment or machines, and real-time adjustments to reflect traffic conditions that are sent to the technician’s mobile device
  • Mobile service management with mobile apps for Android and iOS, with instant access to service information and customer data
  • Emergency service call integration using visual tools to add unplanned calls and send changes to the technician
  • Equipment maintenance records for each piece or machine installed at a customer’s site, including manufacturer, model, configuration, necessary repair parts and preventative maintenance schedules and orders
  • Inventory management to track the locations and costs of tools and parts that are spread across warehouses and vehicles
  • Warranty management to track simple and multidimensional contracts 
  • Project cost tracking 
  • Personalized dashboards
  • Business intelligence insights

Acumatica knows the issues and challenges for the field services industry and has developed the ERP that meets critical needs. At NexTec, we help businesses identify, select, install and optimize their investments in key software solutions. Our experts work regularly with Acumatica solutions that make a difference. To learn more, take the Acumatica Product Tour.

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What cannabis distributors do and how Sage X3 helps

By | Cannabis, ERP, Sage X3 | No Comments
Person in a warehouse typing on a tablet.

Cannabis distribution companies need ERP solutions that simplify complex business operations.

As the demand for cannabis products continues to climb dramatically, distribution companies have become a more essential component of the supply chain. As cannabis distribution companies become more prevalent, there’s an increasing need for powerful business management solutions.

Distribution software, such as enterprise resource planning (ERP) products, are among the most valuable for the emerging cannabis distribution field. Here’s a closer look at what cannabis distributors do and how Sage X3 helps.

Why the cannabis industry needs distributors

Just like in any complex, large-scale industry, the cannabis business finds itself needing distribution management partners. Doing so allows growers, dispensaries, and makers of concentrates and edibles focus on core business needs.

In many cases, distributors act simply as third-party shippers. However, others have begun to specialize in raw flower to sell to both manufacturers and dispensaries. Others act more broadly, offering a range of products.

Cannabis plants and glass container with oil.

Cannabis distributors need to track many details about plants and products.

The need for robust cannabis ERP solutions

As the cannabis industry generally and distribution specifically continue growth patterns, business management solutions become more urgent. Consider, for example, the business functions that growing distribution companies need:

  • Inventory management. Regulators, law enforcement and customers expect rigorous controls to document and track product.
  • Regulatory compliance. Distributors, like other players in the cannabis industry, are open to significant compliance mandates across multiple jurisdictions. The right ERP can track the various mandates and automate the data collection and reporting required.
  • Quality assurance. Distributors need to be able to track batches to ensure that products can be traced back to producers, especially for those that fail QA checks. Packaging and labeling are other functions that require accuracy and precision, pulling from data stored in a cannabis ERP.
  • Tax collection. Distributors in many jurisdictions are responsible for collecting cultivation and excise taxes and remit payments to taxation authorities. Your ERP needs to provide tools to document rates, payments, banks and other details.
  • Sales and marketing. Distributors are able to market on behalf of cannabis producers
  • Business intelligence. Distributors know what’s selling and what’s not. They can provide valuable data to cultivators on sales, volume and price.

Without an ERP designed to support the cannabis industry, your distribution company will need to pay for customizations or add-ons that add complexity and cost to your business.

Selecting the right cannabis ERP

When choosing a cannabis ERP for your distribution company, you want a company that understands your industry. With Sage X3, your business can deliver what’s necessary for success. Among the key functions of the Sage solution are:

  • Seed-to-sale traceability
  • Inventory tracking
  • Automated compliance tools, including integration with state and provincial regulatory systems
  • Environmental data tracking
  • Financial management
  • Shipment coordination
  • Customer and product analytics
  • Forward and backward traceability

Sage X3 has been at the forefront of cannabis business management solutions. NexTec helps cannabis businesses with the deployment and optimization of cannabis ERP software.

NexTec helps companies assess their critical business needs and select the ERP solution that solves business needs. Take a free tour of Sage X3 to learn more.