By CannaBusiness ERP
Until recently, FIGR™ was owned by a large, publicly-traded American tobacco conglomerate, and was required to use SAP as their Enterprise Resource Planning (ERP) system. When FIGR, a budding cannabis enterprise, was placed for sale, Prince Edward Island locals purchased it and returned it to its roots.
As a condition of the sale, though, FIGR would need to procure and implement its own ERP solution. It was given just a few short months to make the transition — but NexTec assured the company they were up for the challenge.
FIGR’s CFO, Kyle Smith, had a large task on his desk and minimal time to accomplish it. In just 17 weeks, NexTec Group successfully went live with CannaBusiness ERP for the newly independent FIGR. FIGR had proposals from cannabis specific vendors but was looking for a complete ERP solution with a strong reputation and capabilities across manufacturing, inventory control, distribution and accounting. They got that and more with CannaBusiness ERP. Smith remarked, “we’ve got the right application in place with CannaBusiness ERP and the right technology partner to keep us going and growing.
With such a short lead time to go live, FIGR didn’t have any time to waste. NexTec impressed the company with its cannabis industry experience and knowledge and CannaBusiness ERP proved to be the best solution for them. “We didn’t have to explain how we operate, what compliance mandates we face, or which workflows are critical — they understood,” says Smith. “And importantly, they assured us they could meet our tight six-month deadline to go live on the new solution.”
FIGR needed CannaBusiness ERP fully implemented in no more than 6 months. NexTec was able to go live with CannaBusiness ERP in just over 4 months (17 weeks).
Additional benefits include:
- Single solution manages all aspects of the operation, minimizing manual workflows and spreadsheets
- Comprehensive product traceability
- Streamlined compliance reporting
- Shortened monthly close time
- High user adoption rate as a result of user-friendly interface
To read more on how FIGR uses CannaBusiness ERP to manage all aspects of their operation and grow its business, download our FIGR Customer Story. For more information on how CannaBusiness ERP can help improve data visibility, product traceability and profitability, please don’t hesitate to reach out to us. We’d love to chat.
About CannaBusiness ERP from NexTec
CannaBusiness ERP is a solution built in Sage X3 and delivered by NexTec industry experts. Over the past 25 years our ERP and business process experts have helped organizations across North America streamline business operations and lower costs. Recently, our specialization in developing solutions for the cannabis cultivating and processing industry has resulted in some of the most respected cannabis companies around the world managing their day-to-day operations and delivering products off our platform.
CannaBusiness ERP by NexTec is the go-to answer for cannabis cultivators and processors seeking a software platform built to help you grow.