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Riordan Manufacturing

Currently, there is not a comprehensive view of the existing and needed business systems at Riordan Manufacturing. As such, the CEO has requested (Service Request #SR-rm-012), this document, which is a summary of all the business systems at all of Riordan Manufacturing’s plant locations. The summary will be the basis for a systems plan for more effective management and includes detail for the following divisions within Riordan Manufacturing: Finance and Accounting, Sales and Marketing, Human Resources and Legal, and Operations.
Riordan Manufacturing’s finance and accounting services division has systems in place, but key systems are missing. The typical systems are in place to have the company’s Financial and Accounting function properly. Additional systems are in use and are unique to Riordan Manufacturing. Finally, the typical missing systems are the systems that should be in place but are not. It is important to break up finance and accounting into two separate entities to identify each department’s existing structure as well as any missing structures.
Accounting’s business systems are the most complete when compared to Finance. The typical systems that are in place are as follows. The General Ledger is for tracking finances. Accounts payable tracks the debts owed. Accounts receivable tracks the debts that customers and suppliers owe, and payroll processes paychecks and salaries.
There are also additional systems that support the company’s mission. The systems are as follows. Order entry is for inputting all orders. Procurement acquires assets for Riordan Manufacturing. Sales and Purchasing History is used for recording all sales. The Invoicing and Shipping department ships all products to the customer along with an invoice. Financial reporting “is to provide information that is useful to both present, and potential, creditors, investors, and other users for decision-making purposes” (Dedicated Writers, N.D). “EDI is the computer-to-computer exchange...