Michigan’s licensed medical marijuana businesses are going to be required to report all inventory movement to the state’s reporting system, METRC Michigan. The majority of business owners are choosing to use a third party in conjunction with METRIC Michigan for integrates software for the sale and seed track. When the level of expectations aren’t met, the implementation process can experience severe delays and cause unintended disruptions to business. However, it is possible to achieve successful ongoing use and software implementation.
For most businesses, choosing to make use of a third party integrated software alongside METRIC Michigan is a really simple decision. Point of sale and seed to sale software offers businesses ease of use and additional detailed reporting and tracking. Integrated software will also help you to avoid the need to manually enter data into METRIC Michigan, this helps to alleviate a lot of time consumption.
Here are a few tips on how to be successful while using the Michigan METRIC Software:
1 – Any integrated software you are using should have the right reporting capabilities that are going to be useful for your business and not just the state.
In addition to the already required METRIC Michigan reporting, software should provide you with the following reporting:
- Month-end Inventory with a detailed list
- Current cost inventory value
- Current retail value of inventory
- Current wholesale inventory value
- Costs to date
- Work in progress
Having detailed reports like this are extremely useful when it comes to tax calculations and compliance with IRC 280E.
For provisioning centers, your reports should also include separate reports that show general retail products that aren’t connected to marijuana products. You will find that the majority of third-party integrations software will enable all of the above lists.
2 – You should run a trial or demo on any software that you are thinking about using.
You should also get your employees to do this too. Before committing to any long-term contracts you can then figure out if the software is user friendly, work out if training time is needed on top of using the standard METRIC Michigan system and is it efficient to use?
3 – You need to ensure you have a technology infrastructure that is capable of supporting METRIC Michigan software.
The infrastructure should include up to date network cabling, a decent internet speed, the right hardware needed, and any other ancillary software needed. Not having to right tools in place to use this can cause major delays in any implementation, workflow and the overall process of using METRIC Michigan which could lead to a dent in your sales. Your customers want to use a system that is quick, slow checkout and webpages can put them off shopping with you in the future.
4 – You should run regular tests on your software to make sure you are receiving the reports correctly and the reports that you need.
Monitor any software use and scan the reports for any unintended errors, incorrect information, breach of data. For example, is the inventory number correct or are the customer’s details correct? You should also make sure that any log in’s are up to date, you should use restrictions where you need to. Think about whether everyone needs to have access, and deleting people once they are no longer an employee. Performing an internal audit will help you identify any problems, you should try to run one of these at least twice a year.
5 – You should have a backup plan in place when using any system.
Make sure your employees are trained on how to manually record any information on METRIC Michigan as well as using the system.
6 – Make use of the support available.
If you run into problems it’s a good idea to make use of any support that comes with Michigan METRIC Software to help you move forward as quickly as possible.
7 – Work with a professional.
A professional service can help you evaluate any integrated software and provide you with the training to make sure you and your staff are confident with using METRIC Michigan software. Not only this but they can offer you support and work alongside on an ongoing basis to make sure success is maintained. These systems can be difficult to learn how to get around so there is no shame in seeking the help of a professional. Speak about things such as the reporting capabilities, and how you can maintain the best reporting procedures. With regard to your infrastructure, it’s a good idea to seek out the help of an IT expert who can help you set up and plan the technology needed to use the Michigan METRIC software securely and successfully. Both professional services can also work together to ensure that your expectations are met.