|Exam Name||:||Oracle Financials Cloud: General Ledger 2016 Implementation Essentials|
|Questions and Answers||:||80 Q & A|
|Updated On||:||February 15, 2019|
|PDF Download Mirror||:||Pass4sure 1Z0-333 Dump|
|Get Full Version||:||Pass4sure 1Z0-333 Full Version|
1Z0-333 exam Dumps Source : Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Test Code : 1Z0-333
Test Name : Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Vendor Name : Oracle
Q&A : 80 Real Questions
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Feb 01, 2019 (Euclid Infotech Ltd by means of COMTEX) -- Oracle these days introduced Oracle ERP Cloud has been named a leader in Gartners Magic Quadrant for Cloud ERP for Product-Centric Midsize firms research file. Out of 14 items evaluated, Oracle ERP Cloud is listed because the handiest leader in the Gartner evaluation. A complimentary copy of the report is obtainable here.
Gartner notes that Leaders demonstrate a market-defining imaginative and prescient of how ERP product-centric techniques and methods may also be supported and superior with the aid of moving them to the cloud. They couple this with a clear means to execute this imaginative and prescient via products, capabilities and go-to-market thoughts. they have a robust presence in the market and are starting to be their revenues and market shares. within the cloud ERP suite market, Leaders show a consistent means to win offers with companies of distinctive sizes, and have a great depth of performance throughout all areas of operational and administrative ERP. they have got diverse proofs of successful deployments via shoppers based of their domestic vicinity and somewhere else. Their choices are commonly used by gadget integrator partners to support company transformation initiatives.
Our focus on creating a complete and ingenious financial, operational, manufacturing and supply chain solution delivered natively on the Cloud is helping organizations of all sizes and across all industries force superior business results, referred to Rondy Ng, senior vice president, Oracle applications building. we are proud to deliver on our guarantees for Oracle ERP Cloud and are very blissful to be identified by means of Gartner as the sole chief in this report. We trust this acknowledgement further validates Oracles commitment to providing continual innovation in our market-leading ERP Cloud for our customers.
Oracle ERP Cloud contains finished ERP capabilities across Financials, Procurement, and challenge Portfolio administration (PPM), as well as enterprise performance management (EPM), and Governance risk and Compliance (GRC). at the side of deliver Chain administration (SCM) and native integration with the broader Oracle SaaS portfolio for Human Capital management (HCM) and customer journey (CX), Oracle offers purchasers a pragmatic, business-driven, speedy adoption course ahead.
Oracles extensive portfolio of fiscal management and planning cloud choices have garnered trade recognition. Oracle ERP Cloud was named a frontrunner in Gartners most recent Magic Quadrant for Cloud Core fiscal administration Suites for Midsize, huge and international organisations, while Oracle was additionally positioned within the Leaders quadrant for the 2018 Magic Quadrant for Cloud financial Planning and analysis options and within the 2018 Magic Quadrant for Cloud economic close options.
Partnership Integrates Arachnys' client risk Intelligence Platform With Oracles FSFCC solutions to accelerate AML Compliance Investigations, Streamline KYC Onboarding, and Create Agile customer chance Scoring
big apple, the big apple / ACCESSWIRE / January 29, 2019 / Arachnys, the chief in customer chance Intelligence (CRI) solutions for client Onboarding, be aware of Your client (KYC), client Due Diligence & enhanced Due Diligence (CDD/EDD) and Anti funds Laundering (AML), nowadays introduced it really is has turn into an Oracle PartnerNetwork (OPN) Platinum level member with the Arachnys client chance Intelligence (CRI) suite.
The partnership launches with Arachnys / Navigator, a part of the Arachnys cloud-native CRI platform, as the first answer deliberate for integration to additional enhance Oracle's fiscal capabilities monetary Crime and Compliance management (FCCM) solution suite. With this integration, Oracle will offer its customers extra capabilities to enhance the due diligence system, including entry to the broadest, cloud-based mostly content library exclusively tailor-made for fiscal crime investigations and KYC profile list completion.
Arachnys / Navigator allows analysts to dynamically monitor for bad news and entity profile information for new shoppers at customer onboarding and related events inside transaction monitoring investigations. making use of this assistance provides a more correct realizing of the risks throughout entities for extra prudent and proactive risk decisioning, while ensuring Oracle purchasers superior auditability, compliance and policy conformance across investigations.
''The open architecture, possibility capabilities administration, and finished capabilities of the customer chance Intelligence platform gives for each rapid integration and options for a large choice of client chance evaluation use cases,'' stated Ed Sander, President of Arachnys. ''Oracle is one in all our most valued companions in helping establishments impulsively onboard their consumers while thwarting bad actors.''
''The transformative potential of Arachnys' cloud-native platform stands out in the box for its capacity to accelerate salary via augmenting compliance and operations. We believe its strategy to entity facts administration is incredibly complementary to Oracle's and appear ahead to creating price for our shoppers in the battle towards economic crime,'' talked about Ambreesh Khanna, community vice chairman and established supervisor, Oracle financial services Analytical functions.
As an Oracle Platinum level member, Arachnys receives the benefit of being capable of delivery constructing specializations as a way to permit them to develop their company, raise their potential, attain bigger stages of client retention and create differentiation in the marketplace. Platinum participants also turn into eligible to resell all Oracle technology items and might observe to resell Oracle purposes and business options. moreover, they acquire access to My-Oracle guide to aid building, demonstration and integration licenses most effective, coupon codes on practising, constrained free assessment/examination vouchers, reduced prices on the buy of Oracle licenses for inside use, discounts on advances consumer capabilities and extra. For greater tips in regards to the merits of becoming an OPN Platinum level associate, please consult with: http://www.oracle.com/us/partnerships/index.htm.
Arachnys is a pacesetter in client possibility Intelligence. We harness the realm's tips to empower the investigative minds that at ease our world. Our cloud-native, client chance intelligence platform allows for monetary institutions global to thwart unhealthy actors, reduce operational fees, accelerate topline revenue, decrease false positives and cut back rejection and error charges. It ensures a firm's KYC, AML and CDD /EDD capabilities aid regulatory compliance demands. Arachnys' entertaining use of RPA and ML applied sciences garnered it a 2018 ''KYC class leader'' ranking from Chartis research and placed it within the Chartis RiskTech 100, which identifies and profiles the proper one hundred RiskTech global suppliers. The company additionally garnered its inaugural rating in the RegTech 100. Arachnys is the newest member of the venture capital company QED's portfolio.
Arachnys is the registered trademark of Arachnys counsel functions, headquartered in London with places of work in long island. The Arachnys trademarks and product manufacturers are trademarks/service marks of Arachnys. For more assistance please seek advice from www.arachnys.com. comply with us on Twitter and LinkedIn.
About Oracle PartnerNetwork:
Oracle PartnerNetwork (OPN) is Oracle's companion application that provides partners with a differentiated knowledge to increase, sell and enforce Oracle solutions. OPN presents resources to educate and help specialized competencies of Oracle's products and solutions and has evolved to respect Oracle's starting to be product portfolio, partner base and enterprise chance. Key to the newest enhancements to OPN is the capacity for companions to be diagnosed and rewarded for their funding in Oracle Cloud. partners engaging with Oracle should be capable of differentiate their Oracle Cloud talents and success with shoppers throughout the OPN Cloud application – an imaginitive software that complements latest OPN software stages with tiers of consciousness and revolutionary merits for partners working with Oracle Cloud. To find out greater talk over with: http://www.oracle.com/partners.
Oracle and Java are registered trademarks of Oracle and/or its associates.
Articulate CommunicationsArachnys@articulatecomms.comUK: +44 (0)7951163615US: + 1 646 661 4223
View source edition on accesswire.com:https://www.accesswire.com/531785/Arachnys-and-Oracle-combine-monetary-Crime-and-Compliance-solutions-to-increase-Compliance-Investigations-and-Streamline-client-Onboarding
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NO.1 When working with Essbase, versions of the tree hierarchy as defined in the Fusion notavailable in the Essbase balances cube.What should you do to correct this situation?A. Make sure the tree version was published successfully.B. Make sure to flatten the rows of the tree version.C. Make sure the tree is active.D. Redeploy the chart of accounts.Answer: D
NO.2 Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They useintercompany entries.What is Oracle’s recommended best practice when implementing; a new chart of accounts? Howmany segments and what segment qualifiers should be used?A. Define four segments for the company, department, natur.il account, and intercompany segment.The qualifiers should be primary balancing segment, cost center segment, natural account segment,and intercompany segment, respectively.B. Define five segments for the company, department, natural account, intercompany, and future usesegment. The qualifiers should be primary balancing segment, cost center segment, natural accountsegment, intercompany segment, and no qualifier, respectively.C. Define three segments tor the company, department, and natural account. The qualifiers for thefirst segment should be primary balancing segment and intercompany segment, cost center segment,and natural account segment, respectively.D. Define three segments for the company, department, and natural account. The qualifiers shouldbeprimary balancing segment, cost center segment, and natural account segment, respectivelyAnswer: B
NO.3 Your customer operates three shared services that perform accounting functions across 50countries.What feature allows them to share setup data, such as Payment Terms, across Business Units?A. Data Access SetsB. Business Units functionsC. Reference Data SetsD. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.Answer: B
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Sabre Corp. is a poster child for digital business transformation, as almost everything about it has changed since it was started.
It began as a ticketing reservations system for American Airlines, but it is now an independent software developer that provides a wide variety of products and software-as-a-service (SaaS) offerings for the travel industry. The company, based in Southlake, Texas, is now completing the transition from its aging SAP ERP system to S/4HANA, which forms the technological core of the digital transformation.The integration of technology and business processes
Sabre had implemented SAP ERP Central Component (ECC) in the early 1990s when it was still a part of American Airlines, and a system upgrade was inevitable. This became an opportunity to undergo a fundamental transformation, according to Steve Strout, Sabre's vice president of corporate technologies, who was brought into the company in May 2015 to lead the transformation, which eventually led to implementing S/4HANA.
Before the technical upgrade could begin, Strout saw the need to examine and change the company's business processes. "In many large corporations, you do technical upgrades, but you don't always upgrade all your business processes," Strout said. "Sabre had gotten into that same kind of mindset of doing technical upgrades, but never really going back and looking at how processes work end to end, [and] how new best practices could be employed to improve the operations."
Regardless of the technology at this point, Sabre was transforming from a company that made travel-related transactional products to one that produces a much wider range of software products for the travel industry. The transition required a back-end system to support an entirely new business model, with requirements like introducing new product masters into the system, setting up new pricing mechanisms and developing new contract schemes.
Strout said it was immediately evident that this couldn't be done easily with the entrenched SAP system, and there was no way the system could scale up to meet the growing demands from the product side. The upgrade then became a chance to take advantage of the digital transformation and a new integration of process and technology.
"For years, we've all been taught, 'People, process and technology.' But what's emerging is that the process is the technology, and the two are so intertwined that what we are now looking at is people, data, and the process and technology together as one kind of entity," he explained. "We started looking at some of the platforms that could support the growth for the future."Evaluating a future-proof system
Even though Sabre was running SAP ECC, it was not automatic at first that S/4HANA would be the chosen technology for the new digital business. Strout noted that he had come from BlackBerry, where he had overseen a project to replace SAP with the Workday cloud ERP platform. One of the prime requirements was to implement a system that was built for the long haul.
"I wanted to make sure that the technologies that we put into Sabre were going to grow with the company, so this wasn't a three- or five-year kind of event; this was a 15-, 20- or 30-year event," Strout said. "We looked at Oracle and Workday, but what we really wanted was for the process and the technology to be completely integrated, and I wanted to create a more prominent focus on the data."
Strout said data is the key to driving all business in the future -- how to access it and how to leverage it. "We really needed a system that could both process that data faster, as well as providing a center core to connect it to everything else," he said. "I don't know what the everything else is yet. I know what I have today, but I don't know what it's going to need tomorrow, so I needed to future-proof that."
After a three-month evaluation period in the summer of 2015, Strout determined S/4HANA was the best system to take Sabre into the future.Moving swiftly and with purpose to S/4
Once the decision was made to move to S/4HANA, Sabre wasted no time in getting the process underway, according to Strout. Contracts were signed with SAP at the end of September 2015, and the transitional work began.
The process started with integrating acquisitions Sabre had made in August 2015 in the Asia-Pacific region. "We had acquired 12 businesses in the APAC region, and we used this process as the starting point for building the new future," Strout said. "I created a greenfield S/4 environment, created a brand new hierarchy, cleaned up some of the data and then migrated the acquisitions first. They went live in April , and what we call the rest of Sabre goes live in September."
For the most part, Sabre has performed the implementation on its own, Strout said.
"We did not hire a traditional systems integrator, but we hired a boutique firm, called Norstar, to bring in some very specific skills around S/4 and data integration," he explained. "We did that on purpose because I wanted to make sure that we owned the knowledge and the skills of how to operate this thing after the end of the implementation, so we have been doing this all ourselves."
Because Sabre is a services company, it doesn't have much use for the logistics functions in ERP, so it primarily uses S/4HANA Finance -- formerly Simple Finance. This has allowed it to consolidate and streamline accounts, and have one source of financial truth, Strout said. The company pared down more than 16,000 profit and cost centers, as well as 36,000 general ledger accounts, many of which were obsolete, dating back to Sabre's life as part of American Airlines.
The company is running S/4HANA version 15.03 on a private cloud hosted by Virtustream, which was selected because Strout did not think HANA Cloud Platform was ready for prime time when the process began. However, the move to the cloud was entirely intentional, because it fits perfectly with Strout's vision of the company being able to constantly change, innovate and absorb new technologies.
"As time goes on, what I want to make sure what we move to is a SaaS model, because it forces us to continually absorb change, and we're doing that with Ariba, SuccessFactors, Fieldglass, and even Salesforce and some of the other technologies," he said. "The whole intent for me is to drive a different cultural change inside our organization to continuously look at how we improve, and that's a big cultural change, at least for a company like Sabre."Think about the future of data before implementing
Using S/4HANA as the core of a digital business transformation is not for everyone, and you need to think carefully about how you use data -- not only now, but several years down the road, Strout advised. The way you use it today may not be the way you use it in five years.
"If you think you're only just going to do transactions and data is only the result of a transaction, and you're not really going to use it to manage your business or to look forward, then you're probably just as good to stay on ECC," he said. "But if you're really looking at how to drive both the data side of it, as well as the technology -- how to allow the technology and process to get deeply integrated, and you become a digitized company -- then S/4HANA helps you to drive all of those pieces."
Companies that are preparing for digital transformation need to focus on all the business processes that will happen in newer technologies, rather than older ones, Strout said, like doing transaction approvals via a Twitter feed.
"It's going to help you to be prepared for those kinds of things today," he said. "And the thing to look for is how good your data is today, how all the systems are integrated and if you have an end-to-end automated process for everything in your business that you can get away with. You need to optimize every single process, not just major ones, as the more you can automate, the more efficient things are."
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