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1Z1-507 exam Dumps Source : Oracle Fusion Financials 11g Accounts Payable Essentials
Test Code : 1Z1-507
Test Name : Oracle Fusion Financials 11g Accounts Payable Essentials
Vendor Name : Oracle
Q&A : 150 Real Questions
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Oracle Oracle Fusion Financials 11g
different types of reports should be generated by a economic corporation. commonly, these studies are dealt with by way of different individuals and should flow records from one to yet another to finish studies. probably the most average difficulty these people go through is handling facts this is outdated; now not updated or ineffective searches that make records gathering a time consuming project.
To handle these considerations, Oracle presents Oracle Fusion Financials; part of Oracle Fusion applications which seamlessly reduces workload and store time by using integrating economic modules; reveal changes in information real-time by way of dashboard and reporting equipment.
gain knowledge of greatest business practices via Oracle Fusion Financials on-line practising offered with the aid of AADSEducation these days.
Why Oracle Fusion Financials?
Financials corporation at all times seek extra productive the right way to lower their price range spends on reporting whereas being effective. Oracle Fusion Finance presents such facets with integration aspects together with spreadsheets, decreasing the can charge of aid-intensive projects. while spreadsheets are nonetheless king in managing facts, advantageous ways of collaborating, sharing records is a hectic task as it contains replacing information manually aka transferring info, making certain it's the updated document.
Oracle Fusion financials eliminates such tasks with an integrated dashboard where people can store data to the cloud; edit, share and replace true-time which is beneficial for collaborating comfy. despite the fact that other opponents present such elements, Oracle Cloud family unit is the generally employed enterprise application which set new requisites for finance trade.
Oracle Fusion Financials helps managing a economic firm’s methods by using automating, streamlining and controlling via its built-in economic administration suite. purposes corresponding to frequent ledger, Account Payables and Receivables, assets, expenses, cash management, standard modules from EBS are built-in into one platform and may be accessed by any person to acquire facts in addition to view updates true-time.
Oracle Fusion Financials practising at AADSEducation:
Our approach to Oracle Fusion applications practicing is pleasing. We train enterprise techniques, ideas to individuals who not ever worked on different structures after which mapping, implementation. For specialists who at present work on EBS or equivalent systems, we train them at once on mapping and implementation in Oracle Fusion monetary.
Our Oracle financials training route is guided by way of specialists in the industry who've twenty years of international adventure within the box of IT and finance. through this software you may be in a position to study working with general Ledger, account payables and Receivables, property, cash, Tax and expenses administration, budgeting and budget controls. With, oracle cloud financials working towards course, you may be capable of put in force, set up and integrate Oracle Fusion Financials for stronger workflows.
AADSEducation’s Oracle fusion financials course outline is on par with Oracle tuition course. although, our streamlined path is as beneath:
Introduction to Oracle Fusion Financials: the use of rapid implementation task record with Oracle useful Setup manager
investigate a successful implementation by settling on key ideas of Oracle Financials quick Implementation
put into effect Oracle Financials the use of Oracle practical Setup manager
understanding of common software configuration for Financials
realizing integration facets, implementation consideration in accordance with commercial enterprise constructions
Setup generic Ledger, accounting suggestions, tax and many others related items to aid monetary workflows
via the conclusion of oracle Fusion fiscal practising, individuals could be capable of put into effect, configure and set up options required for financial agencies saving time and with ease use equipment for reporting. For more counsel about this path.
The Evangelical Christian credit score Union migrated from E-business Suite to Oracle Fusion Financials. It cut charges...
however lost out on integration.
At Collaborate sixteen, Mary Furman, application supervisor for the Evangelical Christian credit score Union (ECCU), described the process of migrating from on-premises Oracle E-business Suite financial functions to Oracle Fusion Financials in the cloud. whereas the corporation succeeded in slicing costs, there are nonetheless some issues that Furman misses about operating on premises.
"if you move to Fusion from E-enterprise Suite, it's not an upgrade," Furman mentioned. "or not it's truly a brand new implementation." Furman found that Fusion runs slowly and might absorb to three minutes to reload after an update. She talked about, "it's always slow when you are used to E-company Suite with the server on premises." She described the movement to cloud as an "adjustment." The studying curve for the protection equipment has been mainly steep, she mentioned. "The security setup in E-enterprise Suite is terribly diverse in Fusion. i'm having some difficulty mastering protection." youngsters, Furman mentioned, "every time anyone complains about Fusion, I say that we're saving a boatload of cash."
The circulation to the cloud was inspired by using the should reduce prices throughout the financial recession of the early 2000s. The wake-up call got here when ECCU had its first church foreclosure in 40 years. "It looks relatively bad to foreclose on a church," Furman talked about.
The Brea, Calif.-based credit union, which works with 1,700 ministries and 3,900 missionaries throughout 122 international locations, all started downsizing. Oracle E-company Suite got here with a lot of fees, comparable to licensing cost, group of workers, aid and the protection of the a variety of customizations the ECCU mandatory. So, the organization spent six months taking into account the deserves of the cloud earlier than identifying to make the jump to Oracle Fusion functions. Furman begun the implementation in February 2015 with a go-reside date set for July 1, 2015. She changed into able to implement the project on time.
before its circulate to the cloud, the ECCU used SQL Server and Oracle enterprise Intelligence Discoverer for reporting. The core banking application became no longer an Oracle product but did run on proper of an Oracle database. Furman mentioned that the ECCU reached its present configuration after going over 24 permutations of E-business Suite and Fusion, considering that the affect on end users, the normal integration of the device, the implementation time and the timing in the fiscal year. The most useful circumstance, Furman observed, would have been to hold and even enhance the mixing of the financials with HR and payroll. despite the fact, while this became possible, it would have taken extra time and cash than the ECCU turned into inclined to allocate. The tooling required to preserve the mixing would have pushed the go-live date returned to Jan. 1, 2016, according to Furman.
in the event you stream to Fusion from E-enterprise Suite, or not it's no longer an improve. it's basically a brand new implementation. Mary Furmanapplication supervisor, Evangelical Christian credit score Union
The present configuration replaces the fiscal module of Oracle E-company Suite with Oracle Fusion Financials, whereas human substances and payroll continue to be on premises. Furman noted, "The draw back is, we're no longer integrated anymore." To cut expenses, the ECCU dropped the computerized syncing between banking and payroll and now enters the changes through hand. while Furman hasn't given up on the probability of relocating payroll to the cloud, she pointed out "Fusion simply wasn't somewhat able for the payroll answer."
Furman and her group additionally bumped into complications specific to economic associations. as an example, Furman stated Oracle E-company Suite automatically up-to-date the depreciation of the price of gadgets like artwork and laptops, however with the Oracle Fusion Financials, all that tips must be entered by way of hand. The ECCU additionally needed to get rid of the use of company credit score playing cards as a result of loading value onto them with Oracle Fusion Financials proved to be tricky. Furman has additionally had concerns with updating data and she and her group have switched to updating statistics most effective on an as-needed groundwork.
however, the implementation itself took place with little difficulty, Furman spoke of. "i was expecting a lot of cell calls, but there were no concerns. I felt just like the Maytag fix man."
› more enterprise e-mail feature Articles
September 21, 2010
Oracle pronounces Oracle Fusion enterprise purposes
via Rajani Baburajan, TMCnet Contributor
Oracle, a provider of company software and hardware methods, introduced the subsequent technology of company functions, Oracle (news - Alert) Fusion applications, which might permit consumers to prolong the value of their application ambiance by way of setting the commonplace for utility architecture, design and use.
in accordance with company officers, Oracle Fusion functions have set a new regular for the users to innovate, work and adopt know-how.
The software provides performance for many industries and geographies in monetary administration, procurement and sourcing, challenge and portfolio administration, human capital management, client relationship management, give chain administration, and governance risk and compliance.
one of the advantages of the utility is the provider-oriented architecture. The software helps clients manage features throughout a heterogeneous ambiance akin to disbursed order orchestration and shared features procurement.
The utility offers a role-primarily based person event, combining business intelligence, exception-based processing, transactions and collaboration within the context of the work being performed, the business talked about.
one more vital characteristic of Oracle Fusion functions is the embedded company intelligence, wherein it provides counsel to take the appropriate choices inside the context of the work being performed without drawing near a separate BI system.
Oracle Fusion application is constructed on a groundwork of 100% necessities-based middleware the use of a provider oriented method and a standard facts mannequin. It benefits both the business and IT, accelerating the tempo of exchange and innovation whereas simultaneously lowering each short and lengthy-term costs, the enterprise said.
The simplified configuration and a typical facts model allow a change-once-exchange all over method to company dashing the pace of innovation and decreasing the boundaries and delays.
Oracle Fusion software features a job-primarily based person adventure that integrated enterprise intelligence, exception-primarily based indicators and collaboration ability delivered collectively within the context of the work being performed, business officials observed.
The utility offers groups the alternative of adopting a modular trend and operation selections and to scale up and down based upon the adjustments in the enterprise wants.
Oracle Fusion functions supply a set of deployment alternatives similar to on premise, private clouds, public clouds, and company technique outsourcing or a mixture of those.
clients adopt Oracle Fusion software to apply a modular fashion and to co– exist with the existing functions.
these days Oracle additionally introduced Oracle WebLogic Server 11g, a part of Oracle Fusion Middleware, operating Oracle Linux on a HP ProLiant DL980 G7 server, together with Oracle Database 11g, finished an international record single-node influence with the SPECjAppServer2004 trade average benchmark.
Rajani Baburajan is a contributing editor for TMCnet. To read greater of Rajani's articles, please consult with her columnist page.› extra Unified Communications function Articles
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Oracle Fusion Financials 11g Accounts Payable Essentials
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Industry: Electrical contracting
Company: Rosendin Electric Inc., based in San Jose, Calif., is a national electrical contracting firm that performs jobs at places like hospitals, corporate campuses and data centers. It has been in operation since 1919, has about 3,000 employees and is looking at potential revenues of about $900 million this year.
Problem: As the company expands its operations across the country as well as the globs, it needed to find a way to improve the procure-to-pay process. The manual, paper-based procurement and payment process wasn’t accurate or efficient enough.
“We saw the opportunity to totally eliminate paper and the paper trail from our business,” said Sam Lamonica, the company’s chief information officer. “We do a ton of work with some suppliers and we wanted to streamline the process and stay within our company’s goal of going paperless.”
Solution: The company was already using Oracle E-Business Suite (EBS) for financials and purchasing, so it sought software that could integrate with that.
Implementation timeframe: Analysis of various invoicing, middleware and service-oriented architecture (SOA) platforms began in February 2010. About four months later the company implemented Oracle SOA Suite 11g and WebLogic Suite 11g.
Implementation details: The company had tried using some electronic invoice contractors, such as Clearbridge, which build software specifically electric contractors. Under that system, Rosendin would send Clearbridge the invoices, and Clearbridge would turn them into electronic records and send them to the vendors. That was one option, but Rosendin decided that it would rather eliminate the middleman and needed to create and send the electronic invoices to the vendors itself.
Rosendin also looked at other middleware providers such as Tibco. But considering that Rosendin already ran Oracle Database and EBS, Fusion Middleware was the leading contender. Anand Tamboli, director of business applications at Rosendin, said the company particularly liked how it could use Fusion Middleware for electronic data interchange transactions with its suppliers.
“It was also the skill sets with the team I have,” Lamonica added. “They had familiarity in that environment. And we wanted to make sure the middleware provider had a decent idea of how the transactions with our vendors went on the daily basis.”
Hurdles: Tamboli said one of the major hurdles to implementing Fusion Middleware was the electrical contracting industry itself. About 90% of Rosendin’s customers are repeat customers. That is good because there is a lot of trust between Rosendin and its suppliers. But that trust actually created a problem.
“Oftentimes we will make orders after a phone call or an email before the purchase order is even created,” Tamboli explained. As a result, the email or fax would become the de facto purchase agreement. Then, when Rosendin created a more official purchase order, there was the possibility of creating a problem, possibly of duplicative orders, possibly of the two not matching up to one another.
So Rosendin had its suppliers enter transactions themselves.
“So now when we get the transaction, the (purchase order) matches the invoice that comes in,” Lamonica said. “It makes the entire transaction process easier for accounts payable. All the codes and line items match.”
Rosendin has implemented this process for two of its top 15 suppliers and hopes to have it for all its top suppliers by the end of this year.
Wish list: Rosendin wants better application integration with more vertical applications. In particular, the company is looking for integration with two construction management software packages it uses -- Prolog and Vela Systems.
“We want the ability to build stronger relationships with the companies that we have to buy software applications from, because we can’t do some of the things we would like to do,” Lamonica said. “We get good features from Oracle, Prolog and Vela, but there isn’t much integration between them. We would like Oracle to forge more relationships and get a standard interface between the two.”
Accounting and Financial Software
Shared customers will benefit from increased scalability, manageability and Security of their mission-critical systems
NEW YORK CITY, July 11 / -- 170 Systems today announced that it will offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application development features in Oracle Database 11g will enhance 170 MarkView Financial Suite's performance and value for its Global 2000 customer base.
One of the earliest Certified Advantage Partners in the Oracle PartnerNetwork, 170 Systems has deployed the 170 MarkView Financial Suite in the world's largest companies to optimize and manage their financial processes. The 170 MarkView Financial Suite, which is integrated with the Oracle Database and Oracle Fusion Middleware, will extend Oracle Database 11g's new benefits to its users.
"Our customers collectively process well over $100 billion in critical financial transactions annually with the 170 MarkView Financial Suite and need a secure and reliable database platform that can adapt and scale quickly to support their growing and changing organizations. The Oracle Database 11g will further enhance these areas for our customers, while helping to reduce the time, effort and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to have worked closely with Oracle as part of the Oracle Database 11g Beta program," Buttner added.
"We were delighted that 170 Systems participated in the Oracle Database 11g Beta Program," said Willie Hardie, vice president of Database Product Marketing at Oracle. "Oracle Database 11g delivers a wide range of new development and management features that will help partners like 170 Systems offer customers faster performance and more scalability from their application solutions."
About Oracle Database 11gOracle Database is the only database designed for grid computing. With the release of Oracle Database 11g, Oracle is making the management of enterprise information easier than ever, enabling customers to know more about their business and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry standard storage and servers. Oracle Database 11g is designed to be effectively deployed on everything from small blade servers to the biggest SMP servers and clusters of all sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage all data from traditional business information to XML and 3D spatial information makes it the ideal choice to power transaction processing, data warehousing, and content management applications.
About Oracle PartnerNetworkOracle PartnerNetwork is a global business network of more than 19,500 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. These partners receive a higher level of service, support, training and certification from Oracle. http://partner.oracle.com/
About 170 Systems170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.
For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit www.170systems.com.
FCMN Contact: email@example.com
Source: 170 Systems
CONTACT:Allison Parker of 170 Systems, +1-781-743-1991, aparker@170Systems.com
Web site: www.170systems.com/http://partner.oracle.com/
Thomas Industry Update
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