Hormel Pilot Leads to Selection of FORGE Suite of Solutions

Austin, MN -- Following a six month multi-functional team evaluation, Hormel Foods has selected Blacksmith Applications, the leading provider of contract, trade and deduction management solutions for the foodservice and consumer goods industry.  

Tailored solutions to meet Hormel’s requirements included analysis of operated-based contract and claim processing workflow through complete automation of the claim workflow, inclusive of validation and settlement.  This streamlined claim settlement process represents a 'Best In Class' approach within the industry relative to cycle time and automation.

Additionally, Blacksmith’s FORGE Analytics strategic value surrounding operated-based spending and trends will allow users to access, format, and deliver accurate trade spending information such as operator and distributor profitability, net price integrity by distributor, category and SKU profitability, and workflow key performance indicators throughout the organization.

About Hormel

Since 1981, Austin, Minnesota based Hormel Foods Corporation has been recognized as a leader in the processing and marketing of pork, highly regarded for taste, nutrition, convenience and value.  It’s near 19.000 employees and $7 billion in revenue deliver such renowned brands as SPAM and its family of products, Jennie-O Turkey Store, Dinty Moore Stew and Stagg Chili to name a few.  Hormel Foods Foodservice brings solutions to its challenged operators from shelf-life to menu offerings.      

FORGE SETTLEMENTS and ANALYTICSis a registered service mark of Blacksmith Applications, Inc.