Bsa310

Riordan Manufacturing Finance and Accounting

Riordan Manufacturing has many issues regarding their Finance and Accounting department. Although they have implemented some basic components to each system that include: General ledger; Accounts Payable; Accounts Receivable; Order Entry; Procurements; Sales and Purchasing History; Invoicing and Shipping; Payroll; Financial Reporting; EDI; Bar Code Reading; and EDSS (Executive Decision Support System), the EDI, Bar Code Reading, and EDSS are only implemented in their San Jose location (Apollo Group, 2012).

Another area of concern regarding Riordan Manufacturing Finance and Accounting department is the lack of system compatibility between the company’s four locations. Each location uses independent software to handle their financial operations. The current system creates an extra workload and creates further issues such as requiring reports to be generated manually, data is provided through hardcopy reports requiring them to be re-entered, and data that is provided by data files must be converted to the correct account codes (Apollo Group, 2012).

Riordan manufacturing is wasting valuable time and money by not updating the system so that it is compatible between all four locations. The implementation of a compatible system will create less work and generate a higher quality of data with fewer errors. The following, are suggested requirements that will provide Riordan with a more profitable and stable Finance and Accounting department:

* Provide all locations and work stations with compatible hardware/software programs. The fact that one of the software vendors that provided services for the location in Michigan presents a good opportunity for planning a system that will have similar characteristics as the one from Georgia. We recommend a software that is compatible with both operating systems since each locations manages different OS. Riordan would not have another new vendor developing custom software....