The Challenge of Choosing the Right Subscription and Recurring Revenue Management Solution

While automation can yield major benefits, finding the right tool to automate a complex business process can be daunting. This is particularly true in the case of subscription and recurring revenue management, where you’ll find a dizzying number of solutions claiming to ease the management of subscription businesses. Many customers discover too late that the system they chose fails to provide features and functions that are critical to their businesses. Even in subscription management systems that are rated highly by analysts, you will find case after case of customers describing weak and missing features…

The Political Tide Continues to Turn for Cannabis

We are seeing an ever-growing number of signs that the political climate towards cannabis has reached a tipping point and that the legalization of cannabis on the federal level in the U.S. is only a matter of time. A flurry of legislation has been introduced by Democrats and Republicans to end the federal ban on cannabis and ease the banking restrictions that have been imposed on cannabis companies by federal laws. End Banking Roadblocks In the latest news, the SAFE Banking Act was reintroduced, a bill that would enable banks to do business…

Acumatica Shares Its Success and Strategy at Summit 2019

When prospects ask why we chose to build our MaxQ solutions on the Acumatica platform, we cite Acumatica’s modern cloud-based design, integrated architecture, rich feature set, user-friendly interface, comprehensive mobile support, and advanced automation capabilities. All these capabilities and more were highlighted at the recent Acumatica Partner Summit, including enhancements made in 2018 that made the Acumatica ERP an even stronger platform. Improvements slated for 2019 promise to make the Acumatica platform even stronger still. Focus on the User Acumatica has been recognized by IDC, Nucleus Research, Gartner, PC Magazine, and others for its dedication…

New Cannabis Markets: Show Us the Money!

A bevy of new territories began selling legal cannabis in 2018, including Canada, Massachusetts, Maryland, Ohio, and Oklahoma. How well these new markets are faring gives us a sense of the strength of the cannabis market and how closely actual results are meeting expectations. Great Expectations for Canada   As CNBC reported, when the country’s first recreational cannabis dispensaries opened on October 17, 2018, Canada became “the world’s largest legal marijuana marketplace.” No official government tally is available for Canada’s first three months of legal cannabis sales, so it is not clear how…

Cannabis Hits a Tipping Point and Crosses the Chasm

The cannabis market has reached a tipping point and is showing all the signs of an unstoppable juggernaut. The signs are many, including:Legalization is spreading at an accelerating pace. The number of dispensaries is increasing exponentially. Deals and investments are multiplying. Big Alcohol, Big Tobacco, Big Finance, and Big Pharma have entered the market. Big brand names like Coca Cola, Heineken, and Coors are entering the fray. A vast new legal hemp market has sprung open. A new generation of cannabis consumers is emerging.Deals, Deals, DealsAs mjbizdaily reports, based on the…

Power BI Gives Curio Wellness a Big Competitive Edge

In the highly competitive world of cannabis manufacturing, Curio Wellness has gained advantages by deploying a MaxQ Cannabis management solution that includes Power BI analytics. Brad Friedlander, CIO of Curio Wellness, described how his company is deriving a wealth of benefits from Power BI. End-to-End BI Value “Our executive team uses it for sales and key metrics, sales by customer, what products are trending, how things are selling within categories, in both quantity and dollars,” he explained. “We can view data in real time, daily, weekly, monthly, and quarterly.” Power BI is used to monitor…

Cannabis Sparks a Beverage Revolution

The infusion of cannabis into beverages is transforming the beverage industry and consumers’ drinking habits. Consumers today can find THC and CBD infused into beers, wines, coffees, teas, sodas, waters, elixirs, and energy drinks. Wellness drinks, in particular, is a significant new category that is bringing  the health benefits of CBD to consumers. This first wave of cannabis drinks is only the beginning, as many of the big guns in the cannabis and beverage industries have set their sights on what promises to be a huge cannabis beverage market. Next Big Thing in Cannabis The first…

MaxQ Cannabis Management Automation Works Wonders for Curio Wellness

In the complex world of cannabis manufacturing, the ability to manage operations efficiently and minimize costs can mean the difference between success and failure. Brad Friedlander, Curio Wellness CIO, described how his company has gained a major competitive advantage by employing MaxQ Cannabis to manage its cannabis operations. Growing high-grade cannabis and producing premium products requires careful management in all stages of the operation—including planning, cultivating, harvesting, testing, curing, extraction, manufacturing, packaging, distribution, inventory management, and sales. The MaxQ Cannabis management system has yielded benefits across all these areas by enabling Curio to operate with…

Finally, a Cannabis Management System That Fits the Bill

After working with 10-15 different cannabis management systems, cannabis accounting specialist Andrew Hunzicker found the solutions were “filled with bugs, have had significant downtime, and have many features that simply don’t work.” He found further that among the existing cannabis management solutions there was not one that was “reliable, effective, or efficient.” Unfortunately, he concluded, “a reliable Cannabis ERP does not exist in 2018.” At some point, Hunzicker said, he hoped a vendor would overcome these issues and provide an “all-in-one solution.” Until then, he said, “cannabis companies are forced to piecemeal together several systems.” MaxQ…

Using Acumatica Import with an Alternate Key

When importing data into Acumatica using the Integration tools, I was under the impression you needed to have the key to a record in your data to update the existing record. Thankfully, I was wrong and Acumatica provides an easy way to do this, when you know the secret… A good example of how to resolve this issue is the way the MaxQ Cannabis solution reconciles lab testing records. In MaxQ Cannabis, there is a form that allows a user to track the testing of different products by their lot number. As required by law, these lots need to be…