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Sage X3

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.

Sage Business Cloud Enterprise Management Benefits

By | ERP, Sage X3 | No Comments

Sage Business Cloud
Enterprise Management Benefits

Transform your business with a robust, flexible system
to manage all your operations in one place.

Financial management

Budgets & accounting

Control your finances, cost and budget accounting, commitments and fixed assets. Sage Enterprise Management easily handles transfers between your subsidiaries and your headquarters, as well as from one country to another.

Fixed assets

Efficiently and effectively manage your fixed assets throughout its entire lifecycle with traceability of capital expenditure. Sage Enterprise Management has numerous depreciation models to use for your fixed assets.

Financial reporting

Gain actionable insights that provides your entire team with real-time analytics, alerts and notifications. Respond quickly and strategically to changing business conditions.

Supply chain management

Purchasing

Manage your purchasing process from beginning to end, starting with Reqeusts For Quotes (RFQs), input and follow-up of replies, as well as pricing and discounts.

Inventory and sales management

Keep up with demand and ensure optimal efficiency with real-time monitoring of inventory. See your product data with multiple units of measure and location.

Customer service

Sage Enterprise Management integrates with sales, inventory, purchasing, finance and manufacturing for a completely understanding of your customers’ activities.

Production management

BOM planning

Sage Enterprise Management has robust single and multi-level Bill of Materials management to ensure the highest level of product consistency, quality and collaboration.

Shop floor control

Manage your shop floor with ease including actual and elapsed time, direct and indirect labor, and clock in and out.

Quality control

Maintain and retain the highest quality standards, including proactive monitoring through complete product traceability.

Manage your production

Manage successful and profitable projects through their entire lifecycle with robust, integrated project management capabilities.

Sage Enterprise Management screenshot

See Sage Enterprise Management
in action

Take the product tour today

Take the tour

Sage Enterprise Management industries

Food and beverage

Ensure compliance, track ingredients, manage product recalls and more.

Learn more

Manufacturing

Streamline your operations. Improve customer service, inventory control and product recalls.

Learn more

Cannabis

Track plants and products from seed to sale, maintain compliance, control inventory and manage product recalls.

Learn more

Pharmaceutical

Track products from start to finish, control inventory, manage product recalls and more.

Learn more

Chemical

Track products from start to finish, manage formulas, control inventory and handle product recalls.

Learn more

Medical devices

Track products from start to finish, control inventory, manage product recalls and more.

Learn more

Agriculture

Track plants and products from start to finish, control inventory and manage product recalls.

Learn more

Ready to get started with Sage Enterprise Management?

NexTec Group works with companies to select, implement, and leverage leading ERP solutions to deliver on the benefits and efficiencies this powerful technology promises. Schedule a demo of Sage Enterprise Management and see why it’s the best thing you’ve ever done for your company. We have the largest and most experienced team of Sage Enterprise Management consultants in the industry to help you.

Contact us to learn more.

Sage Authorized Partner

Sage Business Cloud Enterprise Management

By | ERP, Sage X3 | No Comments

Sage Business Cloud
Enterprise Management

Transform your business with a robust, flexible system
to manage all your operations in one place.

How does 177% ROI sound?

What if all your core business processes — purchasing, inventory, manufacturing operations, sales, service, accounting and finance — worked faster and better? What if you could get 177% return on your investment?

That’s what you can get with Sage Business Cloud Enterprise Management (formally Sage X3). This enterprise resource planning (ERP) solution is fast, easy to use and accessible on any device. That makes it perfect for your people on the operations floor, as well as the people making sales visits or service calls. You can have it all with Sage Enterprise Management.

Why Sage Enterprise Management (Sage X3)?

NexTec ERP icon

Manage your finances

Control your bottom line with real-time visibility and accuracy. Sage Enterprise Management’s powerful financial capabilities includes:

  • General ledger with multiple charts of account
  • Accounts payable and accounts receivable
  • Fixed asset lifecycle with traceability of capital expenditure
  • Real-time analytics, alerts, and notifications

Manage your suppliers

Ensure optimal efficiency through real-time inventory status monitoring. Supply chain management capabilities includes:

  • Supplier and product category management
  • Purchase planning, ordering, and requests
  • Product data and multiple units of measures
  • Quality control and sampling
Industry - Manufacturing

Manage your production

Keep up with demand and efficiently manage all of your manufacturing process with one system. Production management functionalities include:

  • Multi-bill of Materials and current Bills of Materials
  • Shop floor control, including labor, entry and tasks
  • Batch & sub-batch number management
  • Quality control procedures with analysis request
Sage Enterprise Management screenshot

See Sage Enterprise Management
in action

Take the product tour today

Take the tour

Sage Enterprise Management industry solutions

Industry - Food and Beverage Manufacturing

Food and beverage

Ensure compliance, track ingredients, manage product recalls and more.

Learn more
Industry - Manufacturing

Manufacturing

Streamline your operations. Improve customer service, inventory control and product recalls.

Learn more
Industry - Cannabis

Cannabis

Track plants and products from seed to sale, maintain compliance, control inventory and manage product recalls.

Learn more
Industry - Pharmaceuticals

Pharmaceutical

Track products from start to finish, control inventory, manage product recalls and more.

Learn more
Industry - Chemical Manufacturing

Chemical

Track products from start to finish, manage formulas, control inventory and handle product recalls.

Learn more
Industry - Medical Device Manufacturing

Medical devices

Track products from start to finish, control inventory, manage product recalls and more.

Learn more
Industry - Agriculture

Agriculture

Track plants and products from start to finish, control inventory and manage product recalls.

Learn more

Sage success stories

Ready to get started with
Sage Enterprise Management?

NexTec Group works with companies to select, implement, and leverage leading ERP solutions to deliver on the benefits and efficiencies this powerful technology promises. Schedule a demo of Sage Enterprise Management and see why it’s the best thing you’ve ever done for your company. We have the largest and most experienced team of Sage Enterprise Management consultants in the industry to help you.

Sage Authorized Partner

Download – 6 challenges facing the growing cannabusiness whitepaper

By | Agriculture, Sage X3 | No Comments

6 challenges facing the
cannabis industry

Download our whitepaper to learn about the challenges that the cannabis industry is facing.

Download – Cannabis supply chain challenges whitepaper

By | Agriculture, Sage X3 | No Comments

Supply chain challenges for
the cannabis industry

Download our whitepaper to learn about supply chain challenges that the cannabis industry is facing.

Sage Document Management with Altec

Webcast: Taking everything digital with DocLink: Sage Document Management

By | Events, Sage X3, Upcoming Webcasts | No Comments

Sage Business Cloud Enterprise Management Product Tour

By | Sage X3 | No Comments

A better way to manage your
mid-sized to enterprise business

Here’s how Sage Business Cloud Enterprise Management (formally Sage X3) can help you.

Integrate your business

Sage Business Cloud Enterprise Management is fully integrated with accounting, sales, distribution, inventory, manufacturing, CRM and BI.

Simply your business

Sage Business Cloud Enterprise Management simplifies every part of your operation, leaving you lean and ready to begin rapidly growing your business.

Respond faster

Sage Business Cloud Enterprise Management connects your CRM, BI, accounting, manufacturing and distribution operations to see real time trends and react instantly.

“The entire X3 system will pay for itself within one season.”

– Joseph Wiley, MIS Director, Elmer Candy

NexTec is ready to help you grow your business.

95%

client retention rate

50%

clients switched to NexTec after working with another partner

23

years helping mid-sized businesses with ERP, CRM and BI

20

years implementing Sage ERP solutions

50

USA states supported

Established in

1994

Sage Authorized Partner
Take the industry product tour today

Sage Business Cloud Enterprise Management Manufacturing Industry Product Tour

By | Manufacturing, Sage X3 | No Comments

A better way to manage your
mid-sized to enterprise manufacturing business

How to select your industry

  1. Fill out the contact form to begin the tour
  2. Click on the green menu icon in the upper left-hand corner
  3. Click on your industry from the drop down list and select “Introduction” to begin your tour

 

Here’s how Sage Business Cloud Enterprise Management (formerly Sage X3) can help you.

Shared master data across company

Sage Business Cloud Enterprise Management allows multiple companies and sites to share business partner information without the need to input it twice.

Multiple planning methods

Sage Business Cloud Enterprise Management supports multiple planning methods, such as Materials Requirements Planning (MRP), Master Production Schedule (MPS), reorder point and period supply.

Change management & revision control

Sage Business Cloud Enterprise Management supports the routing, approval, release and trackability of product changes and versions.

Multi-costing calculations

Choose from different product costing methods in Sage Business Cloud Enterprise Management based on your business needs.

“The entire [Sage Business Cloud Enterprise Management] system will pay for itself within one season.”

– Joseph Wiley, MIS Director, Elmer Candy

NexTec is ready to help you grow your business.

95%

client retention rate

50%

clients switched to NexTec after working with another partner

23

years helping mid-sized businesses with ERP, CRM and BI

20

years implementing Sage ERP solutions

50

USA states supported

Established in

1994

Sage Authorized Partner
Take the industry product tour today

Sage Business Cloud Enterprise Management Distribution Industry Product Tour

By | Distribution / Supply Chain, Sage X3 | No Comments

A better way to manage your
mid-sized to enterprise distribution business

How to select your industry

  1. Fill out the contact form to begin the tour
  2. Click on the green menu icon in the upper left-hand corner
  3. Click on your industry from the drop down list and select “Introduction” to begin your tour

 

Here’s how Sage Business Cloud Enterprise Management (formerly Sage X3) can help you.

Shared master data across the company

In Sage Business Cloud Enterprise Management, multiple companies and sites can share the business partner information, without having to input it twice.

Multi-site warehouse management

Gain better insights on your inventory, by managing all your sites and warehouses in one place.

Customer service management

Deliver superior customer service with full access to sales, finance, inventory, purchasing and more.

Landed cost and purchase cost

Track and anticipate both landed cost and purchase cost all within Sage Business Cloud Enterprise Management.

“The entire [Sage Business Cloud Enterprise Management] system will pay for itself within one season.”

– Joseph Wiley, MIS Director, Elmer Candy

NexTec is ready to help you grow your business.

95%

client retention rate

50%

clients switched to NexTec after working with another partner

23

years helping mid-sized businesses with ERP, CRM and BI

20

years implementing Sage ERP solutions

50

USA states supported

Established in

1994

Sage Authorized Partner
Take the industry product tour today