The American Firearms Industry has a long and complex history of compliance with government regulations. Ever since the Gun Control Act of 1968 established a federal system of firearms regulation, manufacturers and distributors have been required to comply with a range of regulations designed to ensure the safe and responsible distribution of firearms.
Compliance with these regulations has traditionally been a burden for manufacturers and distributors, who must maintain detailed records of all transactions under the constant threat of audit. This can be a time-consuming and labor-intensive process, and the consequences for non-compliance can be severe.
However, advances in technology are now making it easier for the American Firearms Industry to maintain compliance with government regulations. One key technology that has emerged in recent years is Enterprise Resource Planning (ERP) software.
ERP software is designed to help manufacturers and distributors manage their operations more efficiently by integrating all aspects of their business, from inventory management to sales and customer service.
By providing a centralized platform for managing all aspects of their business, ERP software can help gun manufacturers and distributors streamline their compliance processes and reduce the risk of non-compliance.
Another key technology that is making it easier for the American Firearms Industry to maintain compliance is the Digital Bound Book. These are electronic record-keeping systems that allow gun manufacturers and distributors to maintain detailed records of all transactions in a secure and easy-to-access format.
Digital Bound Books offer several advantages over traditional paper-based record-keeping systems. They are more secure and less prone to errors, and they can be accessed from anywhere with an internet connection.
This makes it easier for gun manufacturers and distributors to maintain compliance with government regulations, as they can easily access their records and ensure that all transactions are properly documented.
The latest software and systems advancement for the American Firearms Industry comes in the marriage of these two pieces of technology - the seamless integration of the digital bound book to your ERP. Business Solution Partners is leading the charge in this arena with the introduction of the FFL Edition of Oracle NetSuite in 2019.
At it's core, the FFL Edition of Oracle NetSuite is deployed with a pre-built integration to Orchid Advisor's eBound Book, in addition to some specific functionality, dashboards and reporting that are unique, yet integral to the firearms manufacturing and distribution process.
BSP worked closely with Orchid, and firearms manufacturers and distributors, to customize the World's #1 Cloud-ERP for the specific needs of the American Firearms industry, and continue to solicit feedback from our customers, prospects and industry veterans to evolve our solution right alongside the evolving industry.
As proud members of the NSSF and NASGW, BSP is helping push the American Firearms Industry forward through software development, community education and vertical investment. Be sure to join us at the NASGW Shot Show in 2023 for the annual SCOPE PLX Luncheon where we will be discussing some of the important technology issues facing the industry today.
In conclusion, while compliance with government regulations has historically been burdensome for the American Firearms Industry, advances in technology are now making it easier than ever for manufacturers and distributors.
By leveraging these technologies, the industry can ensure that firearms are legally distributed within a complex landscape of regulations, while minimizing the risk of non-compliance and the associated legal and financial consequences.
Business Solution Partners are the trusted advisors to a growing share of the American Firearms Industry because of our commitment, investment and expertise. To learn more about how BSP is helping shape the future of the American Firearms Industry, please click here.