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Monday, June 1, 2020

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Financial Planning & Analysis With Solver For Cannabis


Armanino can help your cannabis company eliminate spreadsheet-based budgeting through insightful process redesign consulting and Solver implementation services. Your team will be able to better leverage your reporting data for strategic analysis and make higher-level business decisions – turning a low-value process into a true competitive differentiator.


The Challenges

Cannabis companies have unique technological and organizational needs, and with the industry’s current legal status, it can be difficult to find solutions that address them. Spreadsheet budgeting and static planning create multiple challenges that limit your growth, including:

  • Limited reporting and consolidation capabilities
  • Lack of visibility into your data
  • Required manual data re-entry
  • Data security and confidentiality risks

The Solution

A well-structured annual budget allows you to solidify and assess the state of your organization, while effective periodic forecasting gives you greater strategic capabilities and helps you detect warning signs of future changes.

Solver offers support for cannabis companies with its powerful corporate performance management (CPM) solution, which helps organizations expand their financial and operational reporting capabilities and eliminate manual planning and consolidation processes. Solver’s dashboards come integrated with Microsoft Power BI to simplify your data analysis. No matter how diverse your data sources are, Solver’s data warehouse consolidates all of them into one platform. This improves your operational efficiency and allows you to make better-informed and quicker strategic business decisions.

You can use Solver as a cloud-based product or on premises. It was designed to accommodate non-tech-savvy users and requires no new hardware, software or IT support to ensure quick deployment. If you like Excel, you will enjoy having Solver as a part of your tech stack.


Implementation & Support

From evaluation and implementation to integration and support, our certified Solver implementation team can help you rapidly deploy the software system to ensure greater user adoption and faster ROI. Our comprehensive project management approach ensures your Solver solution will meet your needs today and into the future.

We will work with you to fully understand your CPM solution, employ financial planning and analysis (FP&A) best practices, and build a Solver model customized to your specifications.

After implementation, our certified Solver consultants can help you if technical issues arise, via our managed services plan. Our reliable experts can quickly identify issues and resolve them, whether the issues are mission critical or cosmetic. We understand the intricacies of FP&A and know what it takes to keep your Solver system running smoothly.


Armanino Advantage

Our expertise in serving cannabis cultivators, manufacturers, distributors and dispensaries enables us to anticipate your needs, ask the right questions and develop meaningful ideas and solutions that help you achieve and maintain your competitive edge.

We address your underlying business challenges — assessing opportunities, weighing risks and exploring the practical implications of both your short- and long-term decisions.

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