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Sage Enterprise Management

Cannabis plant.

Sage Business Cloud Enterprise Management for the cannabis industry

By | Cannabis, Sage Enterprise Management | No Comments
Cannabis plant.

An enterprise resource planning solution helps cannabis companies meet demands for traceability and compliance.

The cannabis industry is experiencing extraordinary growth as more jurisdictions allow for personal and medical use of products.

In this time of growth, many cannabis companies are grappling with complexity, unique operational needs, regulatory mandates and efficiency concerns. Businesses realize they need the right suite of enterprise resource planning (ERP) tools to address those challenges.

A closer look at those needs reveals that Sage Business Cloud Enterprise Management for the cannabis industry is the right ERP solution.

New Challenges for a New Industry

If you’re the owner of a cannabis company, you’re likely facing an array of challenges while seeing extraordinary opportunity in the growing industry. Having an ERP solution that is designed for the cannabis industry helps address many of those issues, including:

  • Customer Analytics. Understanding your customer base is essential for any business. As cannabis companies grow and expand their market share, they need tools that provide them insights about product popularity, demand iand profit margins. Leveraging the data from yields, materials, sales, marketing and spending habits helps shape product selection, pricing and customer service.
  • Traceability. Cannabis companies have an obligation to track information about strains, growing conditions, product ingredients and customers. This responsibility requires transparency throughout the supply chain to meet customer expectations and the scrutiny of regulators and law enforcement. Distribution management software and analytical tools that are designed for the cannabis industry allows for seed-to-sale efficiencies, data collection and reporting.
  • Compliance. Most cannabis businesses are under the watchful eye of state and local regulations. There are also restrictions on banking, THC levels and pesticide use on plants. Complex tax guidelines also need to be followed. IN short, cannabis companies need systems that collect and report on data with precision, available in the moment of need and accurate. The right ERP solution gives your company the tools to meet myriad regulatory mandates and remain compliant.
  • Competition and Big Cannabis. As your business grows and demonstrates profitability, it becomes a target for other competitors eager to get a piece of the action. Large cannabis enterprises are purchasing and managing smaller operations. To be attractive to potential buyers and stave off the competition, your cannabis business needs a solution like Sage Business Cloud Enterprise Management that integrates financial, customer and product information to allow for better insights and decisions.
Cannabis oil.

The right cannabis ERP helps your company optimize growing conditions for better yields and to meet customer demand.

What to Look for in a Cannabis ERP

Sage Business Cloud Enterprise Management is a web-based ERP that offers the features necessary to run a successful cannabis business. The Sage solution includes modules that focus on financial management, supply chain management, production management and reporting and business analytics.

This powerful suite of applications delivers needed solutions for your business, including:

  • Crop management
  • Corrective Action / Preventable Action (CAPA) management
  • Seed-to-sale traceability
  • Inventory tracking
  • Integration with government regulatory systems

NexTec Group partners with Sage to offer customers the tools and functionality they need to succeed. NexTec has developed a powerful set of add-ons, called CannaBusiness ERP, that enhances you Sage Business Cloud solution

NexTec has developed powerful tools that work in tandem, with the Sage Business Cloud solution. Called CannaBusiness ERP, it’s a powerful set of add-ons that allow for more enhancements to the Sage Business Cloud product, including grow operations and optimization management, production scheduling, product forecasting and quality control.

Learn more about technology that runs your CannaBusiness.

Sage Enterprise Management

How to create 2019 costs in Sage Enterprise Management (formerly Sage X3)

By | ERP, Sage Enterprise Management, Sage Enterprise Management | No Comments

It’s that time of year! As the new year rolls around, it is time to create your 2019 costs. If you use the Manufacturing Module in Sage Enterprise Management (formerly Sage X3), you must create standard costs for the new year. You may accomplish this in a number of ways. It can be as simple as copying your costs to the new year or you may wish to go through the exercise of recreating new standards from the lowest level on up. Listed below are a couple of quick examples of how to proceed.

Cost Transfer

  1. Navigate to the Cost Transfer function (COPYCOUT) (See Figure 1)
  2. Select All
  3. Select the Company and Site you wish to transfer the costs FROM (See Figure 2)
  4. Select the Cost type
  5. Select the Fiscal Year
  6. Select the Company and Site where you wish to transfer the costs TO
  7. Select the Cost type – Standard
  8. Select the New Fiscal Year
  9. Click OK
  10. Sage returns a log file with all of the copied costs

Cost Calculation

  1. Navigate to the Standard Cost Calculation Function (CALCSTSTD) (See Figure 3)
  2. Select your Site
  3. Select All for updating all of your costs for 2019 (See Figure 4)
  4. Select the Date – if you create your standard costs ahead of time – you will “future date” this field. If you are running this after the new year – simply accept the default date.
  5. Select the Routing Code – usually Primary or 1
  6. Select the BOM Code – usually Primary or 1
  7. Select the Material Cost you wish to use to update your Standard Material Costs
  • Standard Cost (2018)
  • Revised Standard
  • Budgeted Cost
  • Simulated Cost
  • Last Cost
  • Average Cost
  • Last Purchased Price
  • List Price
  1. Select “Deferred” if you are running this for a future date (see step 3) -or- Select “Immediate” if you wish the costs to be immediately created
  2. Sage returns a Log File with all of the newly calculated costs

Caution: Changing your standard costs may revalue your inventory and only carries forward on existing transactions. Existing transactions will carry the old cost.

If you need additional assistance, please use the form on the right to contact us.

sage-x3-cost-transfer-1

Figure 1 – Sage X3 Cost Transfer


sage-x3-cost-transfer-2

Figure 2 – Sage X3 Cost Transfer


sage-x3-cost-calculation-1

Figure 3 – Sage X3 Cost Calculation


sage-x3-cost-calculation-2

Figure 4 – Sage X3 Cost Calculation