|Exam Name||:||Oracle Fusion Financials 11g Accounts Payable Essentials|
|Questions and Answers||:||119 Q & A|
|Updated On||:||April 23, 2019|
|PDF Download Mirror||:||Pass4sure 1Z0-507 Dump|
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1Z0-507 exam Dumps Source : Oracle Fusion Financials 11g Accounts Payable Essentials
Test Code : 1Z0-507
Test Name : Oracle Fusion Financials 11g Accounts Payable Essentials
Vendor Name : Oracle
Q&A : 119 Real Questions
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Clover Infotech, an IT functions issuer, announced that it has efficiently implemented Oracle Fusion Financials, a economic management solution for the Marcura community, an IT functions issuer for the shipping and logistics business. This changed into accomplished inside a listing time body of three months. here's also among the many first large scale implementations of Oracle Fusion Financials in the global delivery and logistics space.
Marcura community includes of agencies that focus on offering company solutions designed to help their purchasers within the global maritime business streamline techniques, navigate more and more complicated rules and mitigate dangers. The neighborhood contains of distinctive international entities and presents diverse options with items like DA-Desk®, ProtsDirect®, CP Desk®, Martrust, PortLog, PortPoint, Laytime-Desk and occur-Desk.
After evaluating dissimilar enterprise useful resource Planning (ERP) and fiscal accounting solutions, the Marcura community zeroed in on Oracle Fusion Financials because of its complete nature and sophisticated cloud capabilities. Marcura turned into looking for an implementation partner who might complete the multi-place implementation inside three months. Clover Infotech’s capabilities in a diverse set of industries in addition to its consultative approach ended in Marcura making a choice on the enterprise as its partner of option.
Oracle Fusion Financials is an entire monetary management solution on cloud. It revolutionizes productiveness and information access with native, true-time intelligence. The solution includes a huge suite of capabilities together with ordinary ledger, money owed payable, money owed receivable, mounted assets, and money administration. It additionally contains cost and collections administration that sit down on top of a a hundred% open, necessities-based mostly platform to help shoppers increase company agility and standardize enterprise tactics.
Commenting on the construction, Srikanth Doranadula, Senior Director & Head, Alliances & Channels, Oracle India spoke of, “Cloud is the ecocnomic path to take for subsequent era agencies. we're confident that with Oracle Fusion Financials, the Marcura community may be in a position to boost productiveness and make superior business choices with the precise-time intelligence capabilities.” He added, ”Clover Infotech has finished a stellar job of enforcing the solution within three months and will be able to present persisted assist to the enterprise.”
Congratulating Clover Infotech on this vital project, Tushar Trivedi, group Head of Accounting, Marcura community, noted, “We had been definite that Oracle Fusion Financials is the correct answer to meet our necessities. We searched for an implementation accomplice who may take into account our company necessities and be an essential component of this exchange. Clover Infotech came on board and conducted this challenging project in an utmost expert manner. Their team had a valuable mix of people with accounting competencies, and abilities of previous versions of Oracle. I congratulate the teams at Clover Infotech, Oracle aid and Marcura for the striking collaboration, ensuring the success of this implementation”.
Commenting on the development, Javed Tapia, MD, Clover Infotech credited his crew for this fulfillment, “We knew from the primary day that we have been taking over a challenging challenge. i need to congratulate the Clover Infotech crew for providing as expected in the stringent timelines. I take this opportunity to thank the Marcura crew for his or her guide in guaranteeing this success and seem forward to many greater opportunities of collaboration”.
Oracle seems set to convey greater counsel than ever earlier than about its lengthy-awaited Fusion functions at the OpenWorld convention in September, with greater than 30 sessions listed as of Tuesday.
Fusion functions are imagined to combine the most efficient attributes of Oracle's various utility lines into a next-era suite. Oracle CEO Larry Ellison has spoke of they're going to make their preliminary debut sometime this year, and many observers expect a free up announcement at OpenWorld.
The convention classes encompass deep-dives into individual Fusion modules, the suite's architectural underpinnings and its pervasive use of BI (enterprise intelligence).
while the displays will curiously include a wealth of granular detail concerning the utility, OpenWorld additionally items an important probability for Oracle to valued clientele on some broader facets of the Fusion launch, in line with some clients and analysts.
"The huge issue for me is the deployment method," spoke of Forrester analysis analyst Paul Hamerman.
Ellison told closing year's OpenWorld viewers that Fusion functions are developed to be deliverable as SaaS (software as a provider). nonetheless it isn't clear if Oracle itself will sell the entire purposes this fashion, Hamerman said.
"I consider that Oracle's simply not able to leap into SaaS too much, definitely, for monetary explanations," he noted. "Ellison's on checklist saying no one's making any money with SaaS, and it be pretty a good deal real."
Fusion functions will absolutely be offered in on-premises form in addition to by means of internet hosting features like Oracle's own On Demand division, Hamerman added. but it could be up to partners to bring the software as genuine multi-tenant SaaS, which gives charge discount rates and cuts management chores, given that diverse consumers share the identical utility instance.
Oracle would in reality do well to further spell out the deployment alternatives for Fusion, pointed out Floyd Teter, vice chairman of the Oracle purposes users community. Teter is also on the neighborhood's Fusion Council, which has served as a liaison between Oracle and consumers involving the applications.
Teter, who works as director of the software management office for equipment integrator Innowave applied sciences, comes in contact with many small and medium-sized companies, he noted.
"some of the issues they're drawn to terms of Fusion Apps is, 'Do I definitely need to host this atmosphere myself,'" Teter mentioned. "[Oracle needs] to be specific about that."
Fusion functions' technical underpinnings, which consist of Oracle Fusion Middleware and the JDeveloper toolkit, may result in change for a lot of users of Oracle's existing ERP (business aid planning) items, which include JD Edwards, PeopleSoft and E-company Suite.
The SaaS deployment option can also for this reason be extra beautiful to smaller groups with fewer elements and need to make any such transition.
there is additionally the possibility of Fusion applications being delivered in equipment kind, most likely powered by using Oracle's Exadata platform.
but users cannot make any huge decisions unless the software is definitely launched.
at the very least, Hamerman is expecting Oracle to announce a accepted-availability date for Fusion's first wave at OpenWorld. whereas few shoppers may additionally start to buy it, Oracle still should set some expectations for the market, he said.
"allow them to lay out the adoption curve," he stated. "where do they predict to be in a 12 months or two years? For this product, it's key to have live clients in quantity on payroll or general ledger, to show out its potential to handle massive corporations."
perception into when the 2d wave of Fusion should be launched would also be valuable to users, in view that the initial launch will no longer consist of an entire set of ERP modules.
"now not all of the verticals might be delivered," noted Altimeter neighborhood analyst Ray Wang. "it's crucial for Oracle to reveal what that street map is."
That noted, Oracle has obviously placed Fusion applications as anything clients can adopt in modular fashion, at their personal tempo.
"We don't believe all purchasers are going to substitute what they have today with Fusion," Ellison spoke of all the way through his OpenWorld speech ultimate yr. "We suppose they're going to augment what they have got with some Fusion. Fusion is designed to be delivered that manner. ... we now have alternative functions and then we've internet-new applications."
however the enterprise could do greater to cement this message, as many purchasers seem to be below the influence that moving to Fusion applications may be like other enhancements, in accordance with an additional user.
"it be far more of a combination-and-suit [situation]. you'll decide what you want. it's a different state of affairs for each consumer," talked about Debra Lilley, deputy chairwoman of the uk Oracle user group and a different key liaison to Oracle regarding Fusion.
it could aid if Oracle begun weaving Fusion functions information into its displays for E-company Suite, PeopleSoft and JD Edwards shoppers, she referred to.
In fairness, Cliff Godwin, the Oracle govt in charge of E-enterprise Suite, did simply that all over a fresh adventure Lilley attended, she delivered.
meanwhile, Fusion's licensing model is a "phenomenally critical" area for Oracle to clarify, Teter noted. "We need to hear how that's going to work. What i've been told is we'll get 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that may still be a no-cost improve. but if it be a brand new module, on the way to can charge you."
Lilley has the same realizing. "In our conversations, they have been quite clear that in case you own that method now, you are going to personal that method in Fusion," she spoke of.
however the usability advancements in Fusion applications are so robust that many companies will likely add consumer licenses, in response to Lilley, who has had wide palms-on journey with the software.
another secret is how open Fusion applications might be to different vendors' technologies, reminiscent of databases.
this is a crucial aspect for some Oracle shoppers. About one-third of PeopleSoft shops are databases apart from Oracle, Hamerman estimated. moving to Fusion hence potentially entails costly new license purchases.
Wang expects Oracle to supply some measure of pass-platform compatibility.
"like every respectable supplier they may be optimized for his or her own stack, however that doesn't mean they can not work with others," he noted. "The market will dictate that Oracle must be open enough to participate in different ecosystems."
Oracle did not respond to a request for comment about its plans for Fusion applications at OpenWorld.
Chris Kanaracus covers commercial enterprise software and standard know-how breaking information for The IDG information carrier. Chris's e mail tackle is Chris_Kanaracus@idg.comTo touch upon this article and different PCWorld content material, seek advice from our fb web page or our Twitter feed.
Oracle has quietly revealed pricing assistance for its lengthy-awaited Fusion purposes, suggesting the software may additionally now be often accessible or can be quickly following a six-year building method.
No formal announcement of Fusion purposes' unencumber has been made. An Oracle spokeswoman did not immediately respond to a request for remark Monday on the price record, which has been posted to the enterprise's website.
[ Also on InfoWorld: Oracle cautiously pushes Fusion Applications to enterprises. | Discover what's new in business applications with InfoWorld's Technology: Applications newsletter. | Get the latest insight on the tech news that matters from InfoWorld's Tech Watch blog. ]
Fusion applications are speculated to mix the optimal attributes from Oracle's quite a few ERP (business aid planning) and CRM (client relationship management) product traces into a subsequent-era suite that can be obtainable in on-premises and cloud-based mostly kind.
The record offers pricing suggestions on Fusion applications modules for financials, procurement, PPM (challenge portfolio administration), HCM (human capital management), SCM (deliver chain administration), CRM, PRM (companion relationship management) and GRC (governance, possibility and compliance).
in lots of circumstances, it seems that Fusion applications are priced the equal as corresponding modules in Oracle's other ERP suites. for example, Fusion Financials and E-business Suite Financials are priced the equal, at $four,595 per application person license.
but a Fusion CRM Base license is priced at $4,910 per consumer, compared to $three,750 for a Siebel CRM Base license.
in the meantime, Oracle has closely emphasized the incontrovertible fact that Fusion applications will feature pervasive BI (enterprise intelligence) all over the person event, but that feature may additionally ought to be bought one at a time. a couple of Fusion utility classes on the expense checklist include an entry for a "transactional business intelligence" license, priced at $2,000 per user.
standard, an extensive pricing evaluation is elaborate to make, given the distinctive names used for one of the vital Fusion applications modules, as well as what looks to be a few absolutely new capabilities.
Then there's the query of how meaningful rate lists definitely are, given the heavy discounting that usually takes area all over contract negotiations.
consumers shouldn't bank on bargains with Fusion purposes, however, in line with analyst Ray Wang , CEO of Constellation analysis. "expenditures are going up at this time, until the offers are competitive," he mentioned. "Oracle's reaching pricing energy in the market."
Oracle has referred to current applications shoppers will be credited for "like-to-like" functionality when upgrading to Fusion applications, a couple of clients in the past instructed IDG information carrier.
"I feel the real question is what migration rights clients will get," Wang mentioned.
"There are just a few scenarios," he delivered. "internet-new clients will negotiate as with some other new Oracle deal. purchasers with some accessories will need to see how lots credit score they get for improve rights and what functionality is covered. Full-suite Oracle consumers will should establish which like-like performance is migrated ahead."
it be doubtful how strongly Oracle's sales drive will push Fusion purposes to existing valued clientele.
Oracle CEO Larry Ellison has observed E-company Suite, PeopleSoft and J.D. Edwards clients can flow to Fusion at a time of their picking. This stance must be positioned in context, however, because Oracle would continue to compile lucrative annual renovation fees from purchasers who decide to stay put.
but extra currently, Ellison indicated Oracle expects large earnings from Fusion functions, and soon.
"We suppose here is going to be an important contributor this year and the following year and the yr after that, and it's going to enable us to take a major amount of share from SAP and a few share from our chums at Salesforce.com," he pointed out all through Oracle's fourth-quarter earnings convention call remaining week.
Chris Kanaracus covers business utility and well-known technology breaking news for The IDG news provider. Chris's electronic mail tackle is Chris_Kanaracus@idg.com
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Accounting and Financial SoftwareShared 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/Related Thomas Industry Update
REDWOOD SHORES, CA, Jul 30, 2013 (Marketwired via COMTEX) -- Oracle ORCL, +0.59%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to increase performance, reduce costs and enhance decision making. To stay at the forefront of the industry amidst all these changes, Canadian-based power producer, Capital Power Corporation wanted to redesign its core financial, human resource and supply chain processes to drive efficiencies and costs savings to help manage its 15 plants around North America. As part of those efforts it upgraded to Oracle E-Business Suite 12.1, to get to the current release and to address a significant change in charted accounts along with redesigning six of its core business processes. Now, Capital Power can access a suite of modern business applications that enable it to streamline business processes and reduce costs.
News Facts-- To help minimize customizations and drive efficiencies and cost savings, Capital Power Corporation, has upgraded to the latest release Oracle E-Business Suite 12.1. -- Capital Power originally expected to achieve an internal rate of return of 12.5 percent from its upgrade. Due to additional savings that were found during the process, the actual rate of return was 25.2 percent(i). -- With significant changes planned to its core business processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern business applications that could to be more efficient across its financial, human resource and supply chain processes. -- Completed on time and under budget, Capital Power leveraged the Oracle E-Business Suite 12.1 to help redesign its business processes and create a standardized and automated IT environment that helped reduce its system customizations by 90 percent over its legacy system and simplified application maintenance. -- Capital Power leveraged Oracle E-Business Suite Human Capital Management (HCM) to help streamline and centralize benefits and payroll in order to better respond to employee and staffing needs. Oracle Self-Service HR has further increased efficiencies in HR processes by reducing manual administrative functions and empowering employees to update and maintain their own information. -- To help optimize financial operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle General Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle Financial Analytics, to improve financial reporting accuracy and accelerate financial close. -- In addition, by using Oracle's Advanced Procurement suite of applications, including Oracle iProcurement, Capital Power has been able to reduce overall supply chain costs by streamlining the Procure-to-Pay process for employees. Capital Power expanded its application footprint after moving to the Oracle E-Business Suite 12.1 by implementing Oracle iSupplier Portal without customizations. Oracle iSupplier Portal provides suppliers with quick direct system access so that they can receive purchase orders, send invoices, check payment status and maintain their company profile details, significantly improving efficiency and accuracy for supplier and buyer. -- In recognition of the success Capital Power has achieved with the Oracle E-Business Suite 12.1, the company was recently awarded the 2013 Project of the Year by the Project Management Institute Northern Alberta Chapter. -- In addition, Capital Power implemented Oracle Business Intelligence Enterprise Edition (OBIEE) 11g for financial analytics, project analytics, and procure and spend analytics. OBIEE provides executives with a single dashboard view of the company's health and also enables all employees to view near real time information about financials, supply chain, and projects in a flexible, intuitive and individually configured way. -- OBIEE eliminates a massive amount of spreadsheet-based work, enables managers a near-real time view on budgets versus actuals, and provides accounts payable and accounts receivable staff easy access to the data needed to do their jobs.
Supporting Quote-- "We needed an automated and flexible business platform to increase efficiencies and establish a solid foundation as we redesigned a number of our core business processes. With the Oracle E-Business Suite 12.1, we've dramatically improved efficiencies and performance across our financial, human resource and supply chain processes, giving us a competitive advantage. We believe that over time these improvements will lead to significant cost savings," said Darryl Vleeming, Director, IS and CIO, Capital Power. "One of the goals of the project was to beat our competitor to the market when releasing quarterly results. We previously had never done that. This quarter we beat them to the market by four days, which is a massive amount of time when talking about the tight window that there is to release quarterly results."
Supporting Resources-- Oracle Applications -- Oracle E-Business Suite -- Oracle E-Business Suite Financials -- Oracle E-Business Suite Human Capital Management -- Oracle Advanced Procurement -- Oracle iProcurement -- Oracle iSupplier Portal -- Oracle Self-Service HR
About Oracle Applications Over 65,000 customers worldwide rely on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to benefit from the latest technology advances that improve the customer software experience and drive better business performance. Oracle Applications Unlimited is Oracle's commitment to customer choice through continuous investment and innovation in current applications offerings. Oracle's next-generation Fusion Applications build upon that commitment, and are designed to work with and evolve your existing applications investments. Oracle's lifetime support policy helps ensure customers will continue to have a choice in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases go to: www.oracle.com/applications.
About Oracle Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle ORCL, +0.59% visit www.oracle.com.
Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
(i) Internal rate of return was calculated on a 10 year period using net present value.Contact Info Danielle Cormier-Smith Oracle +1.610.766.3463 Email Contact Simon Jones Blanc & Otus +1.415.856.5155 Email Contact
SOURCE: Oracle Corporationhttp://www2.marketwire.com/mw/emailprcntct?id=BBB08CFAA9AFC143 http://www2.marketwire.com/mw/emailprcntct?id=78403057C4C880DE
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