Bsa375
Riordan Manufacturing
Finance and Accounting Systems
Claudia Iniguez
Matthew Shurtleff
Michael Mogck
Rich Ojeda
Will Perreault
BSA 375
Jonathan Vinoskey
08 February 2006
Riordan Manufacturing has recently been experiencing a financial crisis. Due to increasing administrative and operational costs the company’s net profit has significantly been reduced. It is apparent that a streamlined method of operations will enable the company to provide improved product distribution and customer support. Pursuant to the Riordan Manufacturing mandate regarding the remediation of the current situation in Finance and Accounting, a solution to unify the existing Finance and Accounting systems is included in this proposal. The current situation has been deemed unacceptable by Riordan Manufacturing’s parent company, Riordan Enterprises. Business process reengineering at Riordan Manufacturing is required to rectify legacy system obsolescence and incompatible system interactions. Riordan Manufacturing’s finance and accounting systems need to be standardized and integrated throughout the enterprise due to increasing administrative and operational costs.
Current Operations Riordan Manufacturing currently has three operating entities. Branches are located in Georgia, Michigan, and California, with a joint venture in China. Each site has their own Finance and Accounting System that provides data for consolidation at the corporate site in San Jose. Each system is comprised of the following components: 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)* . Items with an asterisk denote the San Jose location only (Riordan Manufacturing 2005). All three sites have separate and distinct Finance and Accounting systems running on UNIX, VAX4000 workstations, and AS/400 environments. In one
Finance and Accounting Systems
Claudia Iniguez
Matthew Shurtleff
Michael Mogck
Rich Ojeda
Will Perreault
BSA 375
Jonathan Vinoskey
08 February 2006
Riordan Manufacturing has recently been experiencing a financial crisis. Due to increasing administrative and operational costs the company’s net profit has significantly been reduced. It is apparent that a streamlined method of operations will enable the company to provide improved product distribution and customer support. Pursuant to the Riordan Manufacturing mandate regarding the remediation of the current situation in Finance and Accounting, a solution to unify the existing Finance and Accounting systems is included in this proposal. The current situation has been deemed unacceptable by Riordan Manufacturing’s parent company, Riordan Enterprises. Business process reengineering at Riordan Manufacturing is required to rectify legacy system obsolescence and incompatible system interactions. Riordan Manufacturing’s finance and accounting systems need to be standardized and integrated throughout the enterprise due to increasing administrative and operational costs.
Current Operations Riordan Manufacturing currently has three operating entities. Branches are located in Georgia, Michigan, and California, with a joint venture in China. Each site has their own Finance and Accounting System that provides data for consolidation at the corporate site in San Jose. Each system is comprised of the following components: 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)* . Items with an asterisk denote the San Jose location only (Riordan Manufacturing 2005). All three sites have separate and distinct Finance and Accounting systems running on UNIX, VAX4000 workstations, and AS/400 environments. In one
References: John W. S., Robert B. J., Stephen D. B., & Richard J. (2004). System Analysis and Design in a changing World. [University of Phoenix e-text] Thompson Place, Boston MA: Retrieved February 05, 2006, from University of Phoenix, rEsource McMillan, Y Riordan Manufacturing (2004). Turnover Report (2001 to 2004). Retrieved January 30, 2006 from https://ecampus.phoenix.edu/secure/aapd/CIST/VOP/ Business/Riordan/HR/Turnover%20Report.pdf Riordan Manufacturing University of Phoenix. (2003). rEsource Virtual Organization Portal- Riordan Manufacturing. Retrieved February 5, 2006, from https://mycampus.phoenix.edu/secure/resource/resource.asp Appendices: