Business Needs for Finance and Accounting

Team B

BSA/310 Business Systems

March 24, 2012
William Zhang

The current business plan at Riordan Manufacturing has three operating entities in Georgia, Michigan, and California… plus a joint venture in the People’s Republic of China ( ecampus). Essentially the operating entities use self regulating software to gather, evaluate, and output financial information for the company and they provide input that is consolidated at the corporate location in San Jose ( ecampus). Basically this action forces the employees at Riordan Manufacturing to physically create reports, re- enter data and or switch data to compatible formats for the corporate headquarters to grasp. At this current time the basic components of the Riordan Manufacturing systems follows: □ General Ledger □ Accounts Payable □ Accounts Receivable □ Order Entry □ Procurement □ Sales and Purchasing History □ Invoicing and Shipping □ Payroll □ Financial Reporting □ EDI □ Bar Code Reading □ EDSS (Executive Decision Support System)
Each of the Riordan Manufacturing locations makes use of similar subsystems as procurement, order entry invoices and shipping. The invoice subsystem will need to line up with the account receivable components. These systems supply information into the sales and purchasing history, accounts receivable and accounts payable. All three of these systems, the procurement, accounts payable and accounts receivable are then provided to the general ledger. The proposed system is recommended by Smith Systems Consulting. The Smith Systems Consulting firm’s proposal would incorporate all four locations with a single software solution that will allow easy input, recording, and output of financial data. Smith Systems recommends using an ERP system to address