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Guardian Data Systems, Vancouver, Wash., launches ROAR™ (Resource Optimization, Accounting & Reporting) , an enterprise resource planning (ERP) platform developed expressly for the fast-growing cannabis industry, according to Guardian CEO Lance Ott.
Utilizing a mature ERP platform already employed by manufacturers of highly regulated consumer products, chemicals, and food manufacturers with rigorous quality assurance standards, ROAR meets the ever-increasing demand for more timely responses and improved procedures.
“We’ve taken a mature, established ERP platform and tailored it to the cannabis industry,” says Guardian CEO Lance Ott said. “We have created a solution that alleviates business-management pain for cultivators, processors and retailers in one of the nation’s fastest-growing industries.”
[box] ROAR’s key differentiators include:
• Cross-organization automated and connected processes and procedures;
• Support of most complex business structures and business elements, involving multiple organizations, currencies, tax structures, accounting schemas, and languages;
• Real-time dashboards and reporting for improved and quicker decision making;
• Configurable workflows, secure data flows, approval processes, business rules, reporting tools and user windows address unique business requirements.
One of the most confusing aspects of the cannabis industry, which beleaguers growers, processors and retailers alike is state and federal regulatory compliance. “We offer a compliance services engine as part of ROAR,” Ott said. “All federal and state regulations are coded into the system, so the interface is seamless wherever a supplier or retailer is doing business, even across multiple states, with local compliance regulations in place that are updated as rules and regulations change, allowing users to feel confident they are mitigating their risk of non-compliance.”
Aside from providing cannabis-based businesses with transparency and credibility, ROAR’s mobile-enabled platform is connected and integrated across multiple devices – computers, tablets and smartphones – giving stakeholders the flexibility needed to keep pace with business. The platform is designed to readily and effectively integrate and communicate with other systems, including point-of-sale (POS), webstores, customized software, and other applications and is expected to quickly become a leader in automation solutions for an emerging market that is currently lacking in reliable technology solutions designed to create sustainable performance.
“With ROAR, Guardian Data Systems brings essential solutions used by Fortune 500 companies to the cannabis industry,” SB Ventures CEO Ty Camp said. “This platform helps manage complex business issues facing this emerging market by bringing transparency and key performance indicators (KPIs) to owners, operators, investors and state regulators.”