Riordan Manufacturing Essays

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Riordan Manufacturing Executive Summary ABCO Consulting thanks the Riordan organization for allowing us to do this upgrade analysis. A review of the existing infrastructure at Riordan has been completed and the findings are contained in this document. There will be a listing of what was found followed by a proposed upgrade system layout. The scope of this project is to cover the following systems and subsystems and to explain how they all interact one with another. Finance & Accounting Identify and describe existing system: Riordan’s Manufacturing’s Accounting Services division is responsible for overseeing all financial processes within the company. Everything from AR, AP, payroll, General Ledger, purchasing,…show more content…
The Plan: The proposed solution would also allow accountant and other team members to create new processes as: • new clients are brought on board which may have unique demands, • allow for internal, structural changes as Riordan continues to fine-time many of its internal processes which are for the most-part already effective • expedite internal audits processes, reducing the completion time from weeks to days Furthermore, it is our goal to ensure that all of the necessary visibility and metrics currently being used by each department remains as transparent as possible. The ability to manage and view the general ledger, accounts payable and receivable, inventories for each manufacturing vertical and project, and provide these through customized reports that should be not only tailored to each group but they should provide for greater control of the enterprise as a whole without the reliance on individual accounting teams to maintain accuracy and performance of their business units. The following table shows, in brief, the SWOT (Strengths, Weaknesses, Opportunites, and Threats) currently facing Riordan’s Finance & Accounting department:

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