Finance and Accounting

Finance and accounting are essential aspects of the backbone of any organization. They provide quantified measurements and indicators of organizational effectiveness and success. Finance and accounting are highly internal processes that are processed year round. Due to the wealth of data handled by Finance and accounting, these departments have come to heavily rely on information systems. Having an effective integrated system across all parts of an organization can ensure effectiveness and productivity.

Riordan Manufacturing’s finance and accounting system is highly diversified and not compatible in some cases. Riordan consists of 3 operating facilities, Georgia, Michigan, and California. There is also a joint venture in the Peoples Republic Of China Each plant has an independent finance and accounting system with basic features. These features include:

 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)

All finance and accounting is handled by each facilities system. All input is consolidated at corporate. It is important to note that that compatibility issues were not addressed for both the Michigan and Georgia plants upon acquisition. All three plants Finance and Accounting are operated under different Systems. While all systems are specialized for plastics processors and assembly manufacturers, the systems vary