By Elijah Basore • August 26, 2020

A Challenge for Cannabis Companies - Finding a single source of truth in data

As the cannabis industry starts to come into its own and companies within the industry mature, several operators are finding that what didn’t matter yesterday now matters. Accurate and timely data and information makes a difference.  When many companies first started off their primary focus was compliance and just maintaining the necessary data to keep the doors open. However, as operations refined themselves and business grew the need for more control, visibility and timeliness arose and the software solutions that many companies signed up with at the beginning, to do the basics at a low cost, were no longer robust enough to scale with their growth. As a result many companies found themselves purchasing additional software to fill these growing gaps or having to explore integration options with their seed to sale provider. The problems with these pathways are, and always will be, how to ensure that the data is correct and timely updated between the two or more systems and the amount of effort needed to either build the integration or manually maintain all of the different software solutions. 

These multi system gaps and extra processes cause businesses to not have the “single source of truth” for everything. Instead there is a system that is the truth for financials, one for inventory, another for compliance, and so on. As a result numerous labor hours are lost to sorting through the fog to find data and build critical information all while working to maintain multiple software solutions. These challenges coupled with the learning curves involved with training on and remembering the functions of each system and adding the associated costs to use or implement multiple systems rapidly diminish the return on investment. However, there is an option that will deliver a single source of truth, the Viridian Sciences seed-to-sale ERP system backed by SAP, enabling cannabis companies to return to a single truth.

Viridian Sciences allows your business to consolidate business functions into a single system. This means no more exporting financial reports and uploading to another system or converting the data to fit in a spreadsheet. It also means lower monthly costs to operate, less operational confusion, and provides your business with a single truth. These benefits coupled with Viridian’s robust integration with Metrc and BioTrack allows you to manage your business with a single system. 

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