Driving Outperformance – Hershey, SAP, and PwC Managed Services Collaboration for a Data-Driven TPM System

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  1. Hershey Demonstrates the Strategic Value of Controls & Compliance

    The Hershey Company’s move to SAP S/4HANA prompted a reassessment of its governance, risk, and compliance (GRC) strategy. As part of this review, Internal Audit (IA) resources were reviewed, restructured, and incorporated into the SAP S/4HANA project plan. The IA team employs an Agile implementation strategy to build controls into the process, evaluate performance, and…

  2. Driving Outperformance – Hershey, SAP, and PwC Managed Services Collaboration for a Data-Driven TPM System

    Reading time: 3 mins

    Hershey, a leading consumer packaged goods company, undertook a strategic overhaul of its Trade Promotion Management (TPM) system to enhance its retail marketing strategies, including special pricing and in-store promotions. The transition to a cloud-based solution from an outdated TPM system was aimed at improving data reliability, pricing accuracy, and promotional effectiveness, thereby ensuring Hershey’s…

  3. Hershey’s Minimizes Management Adjustments to Financial Close

    About 31% of the SAPinsider Community chose the “need to reduce time required to generate data and reporting at period close” as a key driver for their SAP S/4HANA Finance strategy, according to SAPinsider’s upcoming research on the “SAP S/4HANA Finance: State of the Market.” Additionally, 58% of the same survey’s respondents chose financial close…

  4. How Hershey Managed Risk During an SAP S/4HANA Implementation

    Mitigate risks during your SAP S/4HANA implementation. The larger and more complex an enterprise’s SAP landscape is, the more potential pain points the business will need to watch for. The Hershey Company need an SAP S/4HANA implementation strategy that would work effectively across 100 brands and 80 countries where it operates. Hershey adopted a five-step…

  5. BlackLine & Central Finance: A sweet success for The Hershey Company

    The Hershey Company initiated a finance transformation effort to enable its strategic initiatives. The project centered on moving to SAP S/4HANA Central Finance (cFIN), but a need was identified for additional solutions to address manual processes. Early on, Hershey implemented SAP Account Substantiation and Automation by BlackLine to bring visibility, standardization, and control to its…

  6. Video: Hershey Demonstrates the Strategic Value of Controls & Compliance

    The mention of Hershey might bring to mind an image of chocolate and it should, but there is a lot more to discover: a chocolate and confectionary leader, The Hershey Company has over 90 brands. Hershey is continuously challenged to innovate and at speed to meet changing consumer preferences and in a global context, like…

  7. Case Study: The Hershey Company Success Story

    It started with the production of hand-wrapped chocolate kisses in a rural area of Pennsylvania in 1894. Now, The Hershey Company is a global entity with 18,000 employees, 70 locations, and 80 brands of candy and snacks.

  8. Case Study: How Hershey is leveraging GRC to increase control automation with SAP S/4HANA

    Learn how The Hershey Company, one of the largest chocolate manufacturers in the world, partnered with their SAP S/4HANA ERP implementation team to embed a reliable system of internal controls as part of the solution confirmation phase of the implementation. Attend this session to hear how Hershey: - Partners with key business process owners to…

  9. Financials: Case study: How sweet it is — The Hershey Company’s Central Finance journey

    Learn how The Hershey Company planned for and structured its deployment of SAP S/4HANA Central Finance. here John M. Zimmerman If you have comments about this article or publication, or would like to submit an article idea, please contact the editor. Laura Lutz If you have comments about this article or publication, or would like…...…

  10. The Sweet Taste of Success

    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.…