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1Z1-507 exam Dumps Source : Oracle Fusion Financials 11g Accounts Payable Essentials
Test Code : 1Z1-507
Test denomination : Oracle Fusion Financials 11g Accounts Payable Essentials
Vendor denomination : Oracle
: 150 true Questions
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Oracle E-company Suite (EBS) is Oracle’s first suite of ERP and CRM functions, released in 2001. however, despite being over 17 years historical, it is silent one of the most prevalent with the aid of organizations today. however Oracle introduced a more moderen suite of functions with the aid of the denomination of Oracle Fusion in 2011, the sheer familiarity of EBS has held again many organizations from taking the plunge and adopting Fusion.
although, with EBS drawing near its immediate of aid, the migration to Fusion is now inevitable. through this text, they hope to provide you with insights on the various advantages of Fusion, in evaluation with EBS, and assist you entangle into account why the movement to Fusion has plenty going for it.
listed below are one of the crucial leading variations between EBS and Fusion that bethink to conform with whereas making your resolution to migrate from Oracle EBS to Oracle Fusion.carrier-Oriented structure
one of the vital basic highlights of Fusion is that it makes utilize of a provider-oriented structure (SOA), which takes on a newer, tons smoother routine in distinction to the forms and database-centric routine of the Oracle software architecture in EBS.big selection of products & efficient information model
Fusion offers a number of items acquired by pass of the Oracle over the final decade including diverse trade options relish JD Edwards, PeopleSoft and Siebel, moreover the Oracle E-company Suite (EBS). for this reason, the facts mannequin of Fusion is too a amalgamate of Oracle EBS, Siebel and PeopleSoft and is more useful.Smoother Workflow & Reporting
while Oracle EBS uses a PL/SQL procedural language, Fusion uses trade routine Execution Language (BPEL) which assures a smoother, more seamless workflow. stories are too generated using PL/SQL in EBS whereas Fusion uses BI writer and XML formats for reporting.assorted alternate options in economic Reporting
whereas Oracle EBS restricts the extent of monetary reporting with monetary procedure Generator, Fusion offers a mountainous ambit of options with Hyperion monetary Reporting Studio, Oracle Transactional enterprise Intelligence (OTBI).Futuristic trade Intelligence
As EBS uses Oracle Discoverer, which has now been phased out by means of Oracle Fusion, there will no longer breathe any uphold or compatibility with more recent items together with Microsoft home windows, web Explorer and Oracle database updates. Oracle Fusion, even so, makes utilize of the newer, more superior Oracle enterprise Intelligence enterprise edition (OBIEE).Simplified content material management
When EBS stores records in BLOBs, Fusion makes utilize of Oracle typical content material administration (formerly Stellant), which has been acquired from Stellant. This presents a simplified retort to order an commercial enterprise’s doc management requirements based on hierarchical approvals.Seamless Integration
EBS integrates with Oracle and non-oracle applications through software Integration structure (AIA) whereas Fusion does so through AIA, BPEL and other web functions.
listed here are just a few other key differentiators between Oracle EBS and Oracle Fusion:Why opt for Fusion
As that you could contemplate above, Oracle Fusion comes with more desirable security and cloud-based mostly access, conveniently navigable dashboards for productive troubleshooting and company-friendly applied sciences. It additionally has a particular portion over EBS with its potential to create advert hoc reports for actual-time statistics devoid of the exigency to hasten numerous queries. quite simply put, Oracle Fusion is the trade suite of the longer term!
The above content turned into taken firstly from Cloud applied sciences.
Clover Infotech, an IT functions provider, announced that it has efficaciously implemented Oracle Fusion Financials, a fiscal administration retort for the Marcura community, an IT services provider for the transport and logistics trade. This turned into achieved inside a listing time body of three months. here is additionally among the many first giant scale implementations of Oracle Fusion Financials within the global shipping and logistics house.
Marcura neighborhood comprises of companies that focus on proposing trade options designed to aid their valued clientele in the international maritime trade streamline techniques, navigate increasingly complicated laws and mitigate risks. The community contains of diverse international entities and offers multiple solutions with items relish DA-Desk®, ProtsDirect®, CP Desk®, Martrust, PortLog, PortPoint, Laytime-Desk and prove up-Desk.
After evaluating assorted trade useful resource Planning (ERP) and monetary accounting solutions, the Marcura group zeroed in on Oracle Fusion Financials on account of its finished nature and advanced cloud capabilities. Marcura become trying to find an implementation accomplice who might comprehensive the multi-location implementation inside three months. Clover Infotech’s capabilities in a diverse set of industries in addition to its consultative strategy resulted in Marcura choosing the trade as its accomplice of choice.
Oracle Fusion Financials is a complete fiscal administration solution on cloud. It revolutionizes productivity and information entry with native, actual-time intelligence. The solution comprises a extensive suite of capabilities including gauge ledger, accounts payable, debts receivable, fixed belongings, and cash administration. It additionally contains rate and collections administration that entangle a seat on excellent of a 100% open, requirements-based platform to uphold valued clientele extend company agility and standardize enterprise methods.
Commenting on the construction, Srikanth Doranadula, Senior Director & Head, Alliances & Channels, Oracle India spoke of, “Cloud is the profitable path to entangle for subsequent generation corporations. we're assured that with Oracle Fusion Financials, the Marcura group can breathe capable of enhance productiveness and form stronger company choices with the precise-time intelligence capabilities.” He delivered, ”Clover Infotech has achieved a stellar job of imposing the retort within three months and should breathe capable of present persisted uphold to the company.”
Congratulating Clover Infotech on this crucial undertaking, Tushar Trivedi, group Head of Accounting, Marcura group, said, “We beget been determined that Oracle Fusion Financials is the right solution to fulfill their necessities. They looked for an implementation companion who may breathe mindful their enterprise requirements and breathe a vital portion of this change. Clover Infotech got here on board and performed this challenging project in an utmost professional manner. Their team had a profitable mixture of americans with accounting talents, and knowledge of earlier versions of Oracle. I congratulate the groups at Clover Infotech, Oracle lead and Marcura for the marvelous collaboration, guaranteeing the success of this implementation”.
Commenting on the construction, Javed Tapia, MD, Clover Infotech credited his group for this achievement, “We knew from the primary day that they had been taking on a difficult project. i want to congratulate the Clover Infotech crew for offering as anticipated in the stringent timelines. I entangle this possibility to thank the Marcura team for his or her aid in making unavoidable this success and look ahead to many extra alternatives of collaboration”.
Oracle seems set to deliver more information than ever before about its lengthy-awaited Fusion applications at the OpenWorld conference in September, with greater than 30 sessions listed as of Tuesday.
Fusion purposes are imagined to combine the most fulfilling attributes of Oracle's a number of software traces right into a next-generation suite. Oracle CEO Larry Ellison has referred to they're going to form their preliminary debut sometime this 12 months, and many observers are expecting a liberate announcement at OpenWorld.
The convention classes consist of deep-dives into individual Fusion modules, the suite's architectural underpinnings and its pervasive utilize of BI (enterprise intelligence).
while the presentations will apparently embrace a wealth of granular aspect about the utility, OpenWorld additionally gifts an valuable probability for Oracle to prove consumers on some broader facets of the Fusion launch, based on some clients and analysts.
"The great ingredient for me is the deployment approach," talked about Forrester research analyst Paul Hamerman.
Ellison instructed remaining yr's OpenWorld audience that Fusion purposes are constructed to breathe deliverable as SaaS (utility as a provider). however it is not limpid if Oracle itself will sell any the purposes this fashion, Hamerman observed.
"I regard that Oracle's simply not able to bounce into SaaS too tons, in fact, for monetary reasons," he mentioned. "Ellison's on checklist proverb no person's making any money with SaaS, and it's fairly a all lot proper."
Fusion functions will obviously breathe offered in on-premises form in addition to by the utilize of internet hosting functions relish Oracle's own On demand division, Hamerman added. but it can breathe up to companions to carry the software as suitable multi-tenant SaaS, which offers pervade savings and cuts management chores, considering that several purchasers partake the equal application illustration.
Oracle would definitely finish well to extra spell out the deployment alternatives for Fusion, noted Floyd Teter, vice president of the Oracle applications users neighborhood. Teter is additionally on the community's Fusion Council, which has served as a liaison between Oracle and valued clientele concerning the applications.
Teter, who works as director of the software administration workplace for device integrator Innowave applied sciences, is available in contact with many miniature and medium-sized groups, he referred to.
"one of the issues they're attracted to phrases of Fusion Apps is, 'Do I in fact must host this atmosphere myself,'" Teter mentioned. "[Oracle needs] to breathe express about that."
Fusion purposes' technical underpinnings, which consist of Oracle Fusion Middleware and the JDeveloper toolkit, may immediate up in change for many users of Oracle's current ERP (enterprise aid planning) items, which consist of JD Edwards, PeopleSoft and E-business Suite.
The SaaS deployment option may additionally therefore breathe extra attractive to smaller groups with fewer substances and want to form any such transition.
there may breathe additionally the possibility of Fusion purposes being delivered in appliance form, most likely powered by using Oracle's Exadata platform.
but clients can't form any mammoth decisions except the software is definitely launched.
at least, Hamerman is anticipating Oracle to broadcast a prevalent-availability date for Fusion's first wave at OpenWorld. while few customers may additionally soar to buy it, Oracle nonetheless should set some expectations for the market, he observed.
"let them lay out the adoption curve," he spoke of. "where finish they anticipate to breathe in a yr or two years? For this product, or not it's key to beget reside purchasers in quantity on payroll or generic ledger, to prove out its means to tackle stupendous organizations."
perception into when the second wave of Fusion could breathe launched would even breathe useful to clients, considering the fact that the initial launch will now not encompass a complete set of ERP modules.
"not any the verticals might breathe delivered," noted Altimeter group analyst Ray Wang. "it's crucial for Oracle to demonstrate what that road map is."
That observed, Oracle has clearly placed Fusion purposes as something clients can adopt in modular fashion, at their personal pace.
"We finish not feel any shoppers are going to substitute what they beget got today with Fusion," Ellison pointed out throughout his OpenWorld speech remaining yr. "We regard they'll extend what they beget with some Fusion. Fusion is designed to breathe delivered that manner. ... they now beget alternative purposes and then they now beget internet-new applications."
however the enterprise might finish extra to cement this message, as many consumers look to breathe under the influence that relocating to Fusion applications could breathe relish different improvements, in line with one other person.
"it breathe far more of a combination-and-fit [situation]. you will Come to a determination what you want. or not it's a several situation for every consumer," said Debra Lilley, deputy chairwoman of the united kingdom Oracle consumer group and an extra key liaison to Oracle regarding Fusion.
it would uphold if Oracle started weaving Fusion purposes information into its shows for E-business Suite, PeopleSoft and JD Edwards consumers, she noted.
In equity, Cliff Godwin, the Oracle executive in cost of E-business Suite, did simply that any over a fresh event Lilley attended, she introduced.
meanwhile, Fusion's licensing model is a "phenomenally essential" district for Oracle to form clear, Teter mentioned. "We deserve to hear how it's going to work. What i beget been told is they will amass 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that should breathe a no-cost improve. but when it's a new module, so as to can pervade you."
Lilley has an identical figuring out. "In their conversations, they beget been reasonably limpid that in case you personal that system now, you're going to own that manner in Fusion," she said.
but the usability advancements in Fusion applications are so potent that many groups will likely add person licenses, in response to Lilley, who has had extensive fingers-on journey with the software.
an extra mystery is how open Fusion purposes will breathe to different carriers' applied sciences, such as databases.
here is a crucial aspect for some Oracle purchasers. About one-third of PeopleSoft stores are databases aside from Oracle, Hamerman estimated. relocating to Fusion for this judgement probably entails costly new license purchases.
Wang expects Oracle to give some measure of go-platform compatibility.
"like any decent supplier they should breathe optimized for their own stack, but that doesn't touch they can't work with others," he mentioned. "The market will prescribe that Oracle has to breathe open ample to participate in other ecosystems."
Oracle did not reply to a request for remark about its plans for Fusion functions at OpenWorld.
Chris Kanaracus covers commercial enterprise application and generic expertise breaking advice for The IDG advice provider. Chris's e-mail handle is Chris_Kanaracus@idg.comTo remark on this text and different PCWorld content, talk over with their fb page or their Twitter feed.
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Accounting and monetary 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 monetary Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application evolution features in Oracle Database 11g will enhance 170 MarkView monetary Suite's performance and value for its Global 2000 customer base.
One of the earliest Certified edge Partners in the Oracle PartnerNetwork, 170 Systems has deployed the 170 MarkView monetary Suite in the world's largest companies to optimize and manage their monetary processes. The 170 MarkView monetary 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 monetary transactions annually with the 170 MarkView monetary Suite and exigency a secure and reliable database platform that can conform and scale quickly to uphold their growing and changing organizations. The Oracle Database 11g will further enhance these areas for their customers, while helping to reduce the time, application and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to beget worked closely with Oracle as portion 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 ambit of new evolution and management features that will succor partners relish 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 trade and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry gauge storage and servers. Oracle Database 11g is designed to breathe effectively deployed on everything from miniature blade servers to the biggest SMP servers and clusters of any sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique aptitude to manage any data from traditional trade information to XML and 3D spatial information makes it the exemplar altenative to power transaction processing, data warehousing, and content management applications.
About Oracle PartnerNetworkOracle PartnerNetwork is a global trade 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 exigency to breathe 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 trade with Oracle qualify for the Oracle Certified ally levels. Partners who are able to demonstrate the highest flat of product knowledge, technical expertise and a commitment to trade with Oracle qualify for the Oracle Certified edge ally level. These partners receive a higher flat 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 monetary 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 monetary processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, universal Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of any 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, delight 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, -0.72%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to extend performance, reduce costs and enhance determination making. To wait at the forefront of the industry amidst any 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 succor manage its 15 plants around North America. As portion of those efforts it upgraded to Oracle E-Business Suite 12.1, to amass to the current release and to address a significant change in charted accounts along with redesigning six of its core trade processes. Now, Capital Power can access a suite of modern trade applications that enable it to streamline trade processes and reduce costs.
News Facts-- To succor 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 create during the process, the actual rate of return was 25.2 percent(i). -- With significant changes planned to its core trade processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern trade applications that could to breathe 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 succor redesign its trade 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 succor 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 succor optimize monetary operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle universal Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle monetary Analytics, to improve monetary reporting accuracy and accelerate monetary 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 lamentable 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, transmit 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 trade Intelligence Enterprise Edition (OBIEE) 11g for monetary analytics, project analytics, and procure and disburse analytics. OBIEE provides executives with a sole dashboard view of the company's health and too enables any employees to view near true 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 smooth access to the data needed to finish their jobs.
Supporting Quote-- "We needed an automated and supple trade platform to increase efficiencies and establish a solid foundation as they redesigned a number of their core trade processes. With the Oracle E-Business Suite 12.1, we've dramatically improved efficiencies and performance across their financial, human resource and supply chain processes, giving us a competitive advantage. They 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 their competitor to the market when releasing quarterly results. They 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 trust 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 sustain and drive better trade performance. Oracle Applications Unlimited is Oracle's commitment to customer altenative 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 uphold policy helps ensure customers will continue to beget a altenative in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases proceed 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, -0.72% visit www.oracle.com.
Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may breathe 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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