Riordan Manufacturing Accounting and Finance Review Essay Example

for all branches, albeit with a few exceptions.

By upgrading to the product provided by Georgia's vendor, San Jose's branch will no longer have the EDI, Bar Code Reading, or EDSS within the system. Despite the need to accommodate for these lost features, it is considered acceptable when considering the advantages of using the global accounting software. Upgrading both San Jose and Michigan's Financial and Accounting systems will result in changes to current business processes. Eliminating the manual transfer of data and reducing the need for hard copies sent to the corporate office are among these changes. The audit process can now be managed through the corporate office, and all the information will be accessible in a single application. The corporate office can generate reports and receive results for all three regions without having to compile the data manually.

The corporate offices will be able to maintain government regulations compliance issues without the need for exchanging information manually with individual regions. Implementing a system with consistent and timely data flow will allow for end of month reports to be accessible to the corporate office within 10 days after the month ends. The financial benefits of creating a fully integrated system between all branches will outweigh the risk or loss of features. The software modifications will greatly enhance the company's financial records and its ability to maintain each system. Additionally, the vendor will provide support to each entity, and the company will have a license for the product's source code.

Overall, the upgrades will greatly enhance the business systems and processes for financial record keeping in these departments.

References

1. Apollo Group (2006). Riordan Finance and Accounting. Retrieved December 15,
   

2007, from https://ecampus.phoenix.edu/secure/aapd/CIST/VOP/Business/Riordan/Finance/RioFandA001.htm