An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. An accounting year is based on a number of accounting periods. Though monthly accounting periods are usually the norm, accounting periods do not need to be…
This post is the seventh of our ERP implementation series. If you want to learn more about prior ERP implementation phases, look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Preparing for ERP Implementation: Getting Started on the right Foot Preparing for ERP Implementation: Determining What…
Change management is defined as the process of helping people adjust to new ways of working. It is essential for the successful adoption of new business applications, as it can help to reduce resistance to change and ensure that users are able to use the new applications effectively. Why is Change Management Important for User…
In our last post, we discussed the importance of identifying a VAR (value added re-seller) that best meets your company’s needs and why selecting Velosio as your implementation partner can help ensure your project’s success. In this post, we discuss ERP pre-sale requirements gathering and its importance in ERP implementation. It could be argued that…
The complexity of running a cannabis business makes it one of the more challenging industries in which to operate and turn a profit. As the cannabis industry continues to evolve, business owners face a unique set of six challenges that can impact their success. There’s a range of business types—from cultivation to production, distribution, wholesale,…
Client Overview DreamFields, the parent company of the popular cannabis brand Jeeter, began in California as a shared dream between three executives. With headquarters in Desert Hot Springs, CA, Dreamfields is constantly looking for ways to expand and improve upon the dream. DreamFields has teamed with the finest cannabis industry operators, partners, consultants, and professionals.…
This post is the sixth of our ERP implementation series. If you want to start from the beginning, or learn more about other ERP implementation phases, look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Preparing for ERP Implementation: Getting Started On The right Foot Preparing…
In our data and history load post: Data And History Load: How Much Is Enough we defined data migration and history loading in context with an ERP implementation. To recap, data migration and history loading is the process of gathering data from your current systems, then editing and correcting the data as required. Once the…
You’re just about to launch or you have recently started your business for cultivating, processing, distributing, or selling cannabis products. With all the capital you’re investing in land, buildings, and equipment as well as staffing up your team, you might be tempted to cut costs when it comes to the operational software you choose for…
In our first COA post, Chart of Accounts- Getting the Full Accounting Report Benefits From Your ERP we described COA structures, how they are used to capture and track transactions in the General Ledger and the role that the COA plays in financial reporting. In this post, we’ll discuss the best practices used in setting…
