What Systems in Riordan Manufacturing Should Be Connected to Its Accounting System?
Essay Preview: What Systems in Riordan Manufacturing Should Be Connected to Its Accounting System?
Report this essay
What systems in Riordan Manufacturing should be connected to its accounting system?
Riordan Manufacturing has separate Finance & Accounting systems at each of its operating entities in Georgia, Michigan, California, and China. Each of these entities provides input that is consolidated at the corporate office in San Jose. The accounting department at the corporate office receives data from the other entities in varied forms; these include data files and hardcopy reports which require employees to manually re-enter the data. After reviewing the current systems, Smith Systems Consulting recommends that Riordan Manufacturing implement the same financial systems at each of its entities. This will streamline the consolidation of financial information from all the different entities. After the same financial system is implemented across all entities, Smith Systems Consulting recommends that Riordan connect the following systems to its accounting system:
Business Intelligence
Technologies used to extract, analyze and present information from accounting and ERP applications.
Human Resources
This deals with internal uses of a human asset system. This will help to satisfy the informational demands made by investors and by operating managers.
Budgeting & forecasting systems
This can provide support for all participants in the planning and budgeting cycles.
Operations
These include production, R&D, inventory, customer billing and receivables and general operations of the business.
Sales & Marketing
Legal
Information Technology
This area will keep the flow of the business going so it needs the financial flow to keep everyone informed. Also the financial flow to keep hardware and software up to date.
E-commerce modules basically fall into eight different categories, as follows:
1. Web Based Requisitioning: (allows employees to order supplies via the web)
2. Web Commerce Catalog: (allows company to publish a web catalog)
3. Web Customers: (allows customers to log in to their account history via the web)
4. Web Employee: (allows employees to maintain personal data & investments via the web)
5. Web Financial Statements: (allows executive to access financial statements via the web)
6. Web Orders: (allows the company to accept orders