Riordan Manufacturing Financial State Essay Example for Free

Riordan Manufacturing financial State EssayRiordan Manufacturing (RM) is a global organization that specializes in the manufacture of molded plastic products. With revenues in excess of $1 billion, RM employs 550 people and has projected annual earnings of $46 million. The organization operates three crumble manufacturing facilities located in Albany, Georgia, Pontiac, Michigan, and a joint venture in Hangzhou, China. With such a broad base, the fellowship faces some challenges with the current infrastructure of its bill system.Its three distinct entities in Georgia, Michigan, and China employ their accept independent finance and placarding systems providing input for consolidation at the corporate headquarters in San Jose. As a result of incompatibilities, the data format the home office receives requires time and effort for processing (Apollo congregation Inc., 2011). RM can benefit from the integration of several of its financial and accounting subsystems into one ERP system.This system will fork over the company with the capability to consolidate information from data sources in its three operating units and make it affectionate in real-time company-wide In todays business climate, staying on the cutting edge and at the forefront of information technology has become imperative. Integrated enterprise business systems have become the favorable standard for successful businesses. Linking each functional vertical via enterprise software permits streamlined and consistent conference between business units in virtual companies. This paper summarizes Riordan Manufacturings financial state, and discusses major components of its financial and accounting system and modules. List of Accounting Software Modules (Collins)Core Modules1. General Ledger2. Accounts Payable3. Accounts Receivable 4. graze Entry5. Procurement6. Sales and Purchasing History7. Invoicing and Shipping8. Payroll9. Financial Reporting10. EDI* (Electronic information Interchange)11 . Bar Code Reading*12. EDSS (Executive Decision Support System) (Apollo Group Inc., 2011).E-commerce Modules 1. tissue 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 via the web) 7. Web Tools (allows company to create web sites and integrate their data) 8. Web admission (allows user to operate accounting system from remote locations via the web)