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Case Study

 

The Sweet Taste of Success

Confectionery Giant The Hershey Company Kisses Its Dated Account Reconciliations Processes Goodbye

by Andrea Haynes, Senior Editor, SAPinsider | SAPinsider, Volume 19, Issue 2

April 25, 2018

The Hershey Company, known for its chocolates, sweets, mints, and snacks, is a household name for many families around the world. Founded in 1894, Hershey continues to expand its business across 70 locations and 80 brands. With 4,104 accounts and growing, the reconciliation process soon became too unwieldly for the finance department to maintain as-is. Hershey realized it was time to make some changes and update its finance systems. Hear how Hershey implemented third-party products in tandem with an SAP S/4HANA deployment to gain enhanced efficiency and visibility during account reconciliation, alleviate potential risks from lack of oversight, and automate journal entry processes.

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