Riordan Manufacturing Accounting And Finance Review Essay

Riordan Manufacturing Accounting and Finance Review The Finance and Accounting departments within the three operating entities of Riordan Manufacturing are vastly different. Each is managed independently, not only of each other but of the corporation sector as well. The Georgia, Michigan and California branches operate different business systems for their ledgers, accounts, orders, procurement, sales history, invoicing, payroll and all financial reporting. The process to get this information is unique from branch to branch and time consuming for corporate when it comes to consolidation. None of the systems used are integrated, which causes many hardships for the departments and the company in terms of untimely reporting and†¦show more content†¦This branch does own the source code; however, having a support resource is very important. Neither system is able to interface with the other. The Georgia branch uses a product which not only offers vendor support but they also have a license for the source code. The product uses a UNIX based operating system and runs on Window’s workstations. Georgia’s current system includes all the requirements for all branches, with few exceptions. If upgraded to the product supplied by Georgia’s vendor, San Jose’s branch will no longer have the EDI, Bar Code Reading or EDSS (Executive Decision Support System) within the system. Accommodations for the loss of these features will need to be made which is considered an acceptable loss when compared to the benefits of using the global accounting software. When Riordan’s Financial and Accounting systems have been upgraded in both San Jose and Michigan, the business processes that are currently in place will change. The manual transfer of data will no longer be necessary and there will be less need to send hard copies of data to the corporate office. The audit process can be handled through the corporate office, and all the informat ion will be available in a single application. The corporate office will be able to run reports and receive results including all three regions, without spending the labor to compile the data. The corporate officesShow MoreRelatedRiordan Manufacturing IS Upgrade Essay1673 Words   |  7 PagesRiordan Manufacturing IS Upgrade Executive Summary IS updates at Riordan Manufacturing are necessary to meet future goals. We would like to be your partner, helping you reach the $50 million dollar revenue target. (Riordan Manufacturing Intranet, 2005) Your current information systems state will not enable Riordan to achieve this mark, especially in the finance, accounting and inventory areas. 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