Hershey’s Minimizes Management Adjustments to Financial Close

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  1. Simplifying, Standardizing, and Automating SAP Close Activities

    Financial close is consistently highlighted by SAPinsiders as one of the most challenging and complex aspects of their organization’s finance processes. Much of this complexity comes from the fact that many organizations rely on manual processes to address the close, leading to delays and errors that can stack up over time. For SAP users, the…
  2. How to Achieve Speed, Control, and Compliance during an Entity Close Using SAP GRC 10.0

    Learn how to use SAP GRC 10.0 to improve control and accountability while automating manual activities and providing centralized access to documents during a closing cycle. Key Concept An improved closing cycle benefits the entire organization. A truly successful closing cycle focuses first on control and accountability as a means to achieve acceleration, thereby empowering…...…
  3. How to Automate and Streamline the Financial Close Process in Your SAP Systems

    In this Q&A, experts provided tips and best practices for automating and streamlining the financial close process, including deep insight into suggested tools ways to leverage those tools for improved error management, faster data extraction, and greater efficiency.  If you missed the chat or need a refresher, we welcome you to view the online chat…...…
  4. Accelerate Your Financial Close to Support Strategic Decision Making

    Establishing an efficient financial close is a challenge for many businesses due to the number of people and complexity of tasks involved, and yet it is key to a best-run finance organization. By understanding how financial transformation—including the use of automation to increase operational efficiency—can support finance teams in the close process and add more…
  5. What You Need to Know About Period Close

    SAP R/3 provides various processes to simplify the period closing for different subledgers. Learn how to contribute to and benefit from period closing information quickly and easily. Key Concept Period close refers to the end of a fiscal period. The period may be a month, a quarter, or a fiscal year. Many areas of a…...…
  6. Analytics for Continuous Performance Management

    Organizations can benefit from replacing the traditional annual performance review process with a continuous performance culture. Users of SAP SuccessFactors continuous performance management functionality can generate reports and tiles to monitor the use and effectiveness of the solution in the organization. Key Concept Annual performance reviews hold employees accountable for their past performance rather than…...…
  7. Factors Driving Financial Close Transformation

    In this post, we will explore the drivers behind why organizations are overhauling their financial close strategies and procedures. In SAPinsider’s Financial Close Transformation report, most respondents surveyed either agreed or strongly agreed that their organization’s financial close processes and technologies are too reliant on manual methods and legacy tools. Outdated manual tools and methods…
  8. Improve Your Planning and Execution Process for a Successful SAP Go-Live

    ManagementLearn about the Technical Implementation Gantt (TIG) methodology for improved planning and execution of your cutover. Understand the approach to build and review the TIG, its execution, and the benefits of using it. Also understand some of the pitfalls that you can avoid and best practices you can put to use for a successful go-live…....…
  9. Cure Your Cost Allocation Fears: Overcoming the Four Causes of CO Module “Activities Phobia”

    The “activities” functionality in the CO module is a powerful allocation tool, but many sites fail to take full advantage of it due to confusion. The author clears up this confusion by explaining its root causes. The Controlling (CO) functionality known as “activities” is potentially the most useful allocation tool in the module. This tool…...…
  10. Trintech Expands Adra Suite Financial Close Offering into EMEA Markets

    Financial close is one of the most important yet difficult process for many SAPinsider organizations. Unfortunately, manual activities, data silos, and disparate systems often cause inefficiencies and make it even harder for enterprises to execute their financial close. Automated financial close solutions allow for reduced closing time by automating or eliminating any long-running steps in…