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Riordan Manufacturing

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Riordan Manufacturing Riordan Manufacturing Corporation consists of four locations. The corporate office in San Jose, California, specializes in research and development. Riordan has three production plants, Pontiac MI with 130 employees, Albany, Ga. with 45 employees, and a foreign joint venture in China with 250 employees. Riordan has specific needs concerning management of its accounting and financial information. The objective of a good financial statement for the company is to provide information about the current financial position, or the performance and changes of the financial position of the enterprise that can be essential to making corporate economic decisions. Team A will provide Riordan Corporation with solutions to its accounting needs by proposing fully integrated accounting modules with a design specifically for the manufacturing industry.
Riordan Manufacturing has the opportunity to use many accounting modules as there are several options available. Some of the resource tools available are:
• General Ledger, helps to minimize, or possibly eliminate Journal posting errors, and results in real-time financial reporting.
• Cash and Bank, assists a company to avoid unapplied payments and illegal or incorrect cash disbursements.
• Cash Advance will allow the organization the ability to control and simplify cash advance requests and payment agreements by employees.
• Account Receivables helps Billing Department create Invoices from sales, project the sales receipt, and monitor debt balances, which also includes their bad debt.
• Account Payables allows the company to monitor outgoing payments and control their expense accounts.
• Budgeting enables the company to compare their current transactions with their working budget.
Finance and Accounting
Each operating entity for Riordan Manufacturing has Finance and Accounting systems. They currently

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