The cannabis industry has seen numerous independent software vendors (ISVs) enter the market, providing important services to the entire supply chain. These can range from point of sale (POS) systems to track-and-trace or seed-to-sale software. Hypur is committed to connecting you with what you need, which is why we work closely with a variety of ISVs. One such software partner is Leaf Logix, a best-in-class enterprise resource planning (ERP) software technology with comprehensive seed-to-sale and POS functionality for the cannabis industry.
Electronic payments integrated with a dispensary POS
Unlike the traditional retail environment, the retail cannabis space requires a lot of tracking, monitoring, and oversight. As a result, budtenders at most dispensaries have numerous screens in front of them, using a variety of software interfaces to allow for comprehensive reporting. Anything that can streamline the process will make the transaction smoother for customers while also keeping employees happier.
The updated integration of Hypur with Leaf Logix means that your staff won’t be using additional systems. Hypur’s ACH cannabis payment solution work right from the Leaf Logix software, making our easy payment method even more convenient. Not only do we take cash out of the equation, but budtenders also don’t need another dashboard for payments. Our seamless software integration make transactions simpler so that your budtenders can focus on helping consumers quickly and easily.
Improved compliance with seed-to-sale software
Leaf Logix prides itself on being a best-in-class cannabis ERP and seed-to-sale solution. Similarly, the Hypur platform prides itself on going above and beyond when it comes to security and transparency with our financial institution partners. As a comprehensive technology solution for the cannabis industry, Leaf Logix and Hypur combine to make it easier for banks and credit unions working with dispensaries.
Hypur integrates with Leaf Logix for invoice data capture in real-time. This means that financial institutions can monitor their clients’ business, tracking sales and activity at any point in time. Not only does this help the financial institution with their monitoring and tracking of any suspicious activity, it also makes ongoing enhanced due diligence (EDD) a more streamlined task for banks and credit unions.
Because of the high-risk nature of the cannabis industry, as well as the compliance burden that comes with the highly-regulated nature of cash-intensive businesses, banking this industry is expensive for financial institutions. The upgraded integration of Hypur with Leaf Logix makes banking cannabis a more appealing and scalable prospect for financial institutions, helping the cannabis industry grow.
An obvious solution
It seems obvious that safe, efficient, convenient electronic payments should be available seamlessly within a dispensary POS solution. When you’re ready to pay for product, it should be as straightforward as possible. With the seamless integration of Leaf Logix and Hypur, you can offer your customers a sustainable payment method without increasing the workload on your retail or accounting teams.