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Redwood Shores, Calif.—Apr 10, 2019
pupil debt is noiseless a big issue for American students who together owe an estimated $1.5T in loans. Navigating can suffuse and economic advocate is an indispensable step in a fancy procedure towards scholar attainment of bigger training. Butler institution wants to raise pupil success via a extra productive process and sound fiscal choices. Deploying Oracle pupil monetary Planning, Part of Oracle pupil Cloud, the institution might live able to book college students in opposition t extra liable borrowing and course-planning with a purpose to retain them on track in opposition t their commencement desires.
Butler, a private university in Indianapolis, integrates the openhanded arts with a professional education to supply the very best trait training. It fosters a stimulating intellectual community built upon interactive talk and probe amongst college students, college and personnel.
With cloud know-how featuring real-time synchronization with executive techniques and automatic, scholar-centric strategies, Oracle student pecuniary Planning will let Butler monetary serve officers and directors expend greater time advising students on monetary assist decisions and less time packaging their help. Direct integration with Oracle PeopleSoft Campus options will also permit the institution to reduce the expenses of ongoing economic advocate compliance. up to now, Oracle pupil economic Planning has processed $2.9 billion in economic aid, representing 15 million automatic packages.
“cost should noiseless not live the gating ingredient in people getting the education they need,” mentioned Pete Williams, CIO at Butler college. “With Oracle pupil Cloud, they can Have the tools they deserve to expand scholar success through offering a more transparent and positive economic assist experience.”
Oracle student pecuniary Planning supports ordinary and non-typical tutorial fashions and drives institutional transparency, regulatory compliance, sophisticated student visibility, and ply of training financing options. With it, associations can leverage advanced computerized applied sciences to maneuver finished fund administration, calculate and repackage scholar fiscal advocate in response to pre-set triggers, optimize both deepest and public funding sources in accordance with pupil financing necessities, chop back time and materials spent on assisting manual tactics, and chop back the complexity of annual audits and compliance risk.
“economic serve has been a irritating and perplexing procedure for a lot of college students, making it intricate to learn alternate options that optimal meets their qualifications and needs,” talked about Vivian Wong, GVP greater education development, Oracle. “With Oracle fiscal Planning, they are enabling revolutionary universities reminiscent of Butler to match students with their most advantageous monetary alternatives, giving them the resources they deserve to focal point on accomplishing their educational desires.”Contact data About Oracle
The Oracle Cloud presents an entire suite of built-in purposes for earnings, provider, marketing, Human resources, Finance, supply Chain and Manufacturing, plus highly automatic and restful technology 2 Infrastructure that includes the Oracle self reliant Database. For greater counsel about Oracle (NYSE: ORCL), delight talk over with us at www.oracle.com.trademarks
Oracle and Java are registered logos of Oracle and/or its associates. different names may live emblems of their respective homeowners.
The Prada group has announced a collaboration with Oracle to adopt a set of Oracle superior technological solutions in order to advocate effectivity total the artery through total of Prada community’s core retail methods.
they're going to additionally serve the company analyze historic data and existing market calls for across its international retail network of 634 retailers, improved-informing enterprise choices and presenting a distinct client adventure.
With Oracle Retail Cloud functions Merchandise pecuniary Planning, Assortment, and item Planning, the Prada community will optimize its merchandising technique together with sales and forecasts, performance analysis, margin, open to buy, inventory management, deliver chain, and stock allocation. enforcing this respond will antecedent a more counseled evaluation of the community’s KPIs and a more desirable capability to set recent pursuits and allocate more precise budgets.
The community will even live able to beef up its client members of the family at the constituent of buy with Oracle Retail customer rendezvous Cloud provider and Oracle Retail Xstore aspect of carrier. the two solutions will deliver precise-time visibility into total consumer-related details across every touchpoint, offering a personalized looking experience.
“by integrating Oracle’s superior digital technologies with their operations, they may live capable of release expanding cost within their company and tender extra alternatives to their world consumer base. Their collaboration with Oracle is a component of their wider strategy concentrated on improving their neighborhood with a powerful funding in expertise to expand operational efficiency and effectiveness,” pointed out Lorenzo Bertelli, Prada community Head of advertising and marketing and verbal exchange.
“For luxury brands, providing a special and fine company event is paramount,” pointed out Mike Webster, senior vice president and universal supervisor, Oracle Retail. “whether they're looking in Milan, San Francisco or on-line, Prada group’s purchasers await that inventory could live fresh, current and attainable. With Oracle, the company might live able to greater live mindful and assume client require and optimize stock assortments for that judgement to originate positive every brand connection consequences in a convinced consumer.”
Oracle is shedding cadaver of workers this month and, although the trade infrequently gives details on them, layoffs at Oracle ensue with regularity. Oracle has said restructuring fees in its financials for years (together with 2013, 2015, 2016, 2017 and 2018.)
but this most fresh layoff is diverse in who Oracle is focused on: individuals working on its cloud.
youngsters Oracle has established that layoffs are taking vicinity, it hasn't publicly stated how many jobs might live chop or how lengthy the cuts will proceed. Some sources await the cuts to continue unless the conclusion of Oracle's fiscal fourth quarter in may also.
One grownup company Insider talked to heard from his manager that 1,500 americans global were chop closing week. The Register became told with the aid of others that the cuts can live greater once they're completed, and total many hundreds globally. Oracle employs one hundred forty,000.
study: Oracle consumers dread its response if they consume Amazon's or Microsoft's cloud, survey indicates
business Insider/Julie Bort Oracle has so far simplest publicly disclosed that it reduce 352 people at its Silicon Valley offices final week, in response to kinds filed with the status of California. youngsters, sources inform us that extra individuals worldwide are impacted.
beyond the number of americans affected, these layoffs are big as a result of developers who labored on Oracle's cloud items are not being spared or automatically reassigned to different groups.
Cloud is the all-consuming direction of the business. And it's peculiar for an organization to reduce the people constructing the wager-the-business products.
One person who was let travel as Part of the layoff advised enterprise Insider that there is actually been two organizations of builders working on two models of cloud over the ultimate brace of years. One is led by artery of the teams in Seattle and works on what's usual internal the enterprise as Oracle Cloud Infrastructure (OCI). The other is led via the teams in Silicon Valley and works on what's known as Oracle Cloud Infrastructure basic (OCIC).
And in the energy struggle between the two factions, the Seattle community has won, this adult spoke of. "Oracle took over a company in Seattle and that they began a parallel edifice neighborhood. And or not it's obvious that neighborhood obtained the political clout and, most likely, the technical clout. They started to dominate the direction cloud construction goes. And a bunch of tasks in the classic cloud edifice had been canned or placed on assist simplest," this grownup described.Like 'IBM within the 1990's'
The Seattle team's initiatives became Oracle's Gen 2 cloud , which turned into announced within the plunge and is now at the middle of the business's company strategy.
This adult became working on an OCIC stint that got cancelled. He lost his job but he believes that eventually, these cuts, layoffs and the Seattle community's starting to live energy are really decent for the company.
it is because Seattle has swirl into a worldwide hub for cloud engineering talent, as it is domestic of two of the area's largest cloud gamers: Amazon with its cloud Amazon internet features and Microsoft with its cloud, Azure.
Scott Olson / Getty ImagesHe also says that Oracle has fats to reduce because it has grown its engineering team mostly through acquisitions over the years. That has bogged engineers down with core administration and paperwork.
"they've a ton of mid-stage managers, to me they're primarily clueless. perhaps it's my cynicism but that's why i'm not that nasty about what Oracle is doing. perhaps that group in Seattle are those that Have their online game collectively," this person said.
Having diverse teams working on sunder utility projects may additionally Have worked in the historic, legacy application world, the site utility was a package of different items and lines and recent models took site most efficient every brace of years. but the cloud trade is total about speed. Cloud companies like Amazon, Microsoft and Google free up dozens to lots of of latest features for their clouds every quarter.
"Oracle acquired into the cloud video game definitely late and or not it's total the time been a game of seize up and because they're so inefficient, it's in no artery in reality carried out what they notion it turned into going to obtain," this developer noted.
Oracle has "taken over a few corporations however that doesn't necessarily insinuate they Have got a ton of qualified utility in the cloud space. The issue with Oracle is that or not it's so darn massive, with so many builders, it seems like IBM within the 1990's. it's an excellent tanker poignant in an ill-started route."an excellent factor for Oracle?
Others exhibit trade Insider that the abstain inside the enterprise is now about boom with effectivity. with a purpose to contain pouring greater resources into the cloud services which are already promoting smartly and controlling charges.
Oracle had been ramping up its presence in Seattle considering that 2015. As of 2017, it had 300,000 square feet of office belt leased, GeekWire suggested, sufficient scope for 1,500 to 2,000 people.
it is unclear if Oracle has reduce any one from its Seattle location with these layoffs. Oracle has no longer disclosed any cuts to the status of Washington, the site status legislation requires a layoff disclosure handiest if 100 individuals or more lose their jobs.
Justin Sullivan/ Getty photos whereas Oracle is classic to present reasonable severance, some people Have additionally complained concerning the formulation Oracle used to notify people about dropping their jobs this time round. Some people scholarly their positions had been reduce by artery of text message, in keeping with one grownup they talked to.
Oracle declined to finger upon questions involving its engineering groups or they layoffs aside from confirming that layoffs are occurring.
"As their cloud company grows, they are able to at total times equilibrium their supplies and restructure their development group to aid live certain we've the amend americans supplying the most fulfilling cloud items to their purchasers everywhere," the Oracle spokeswoman Deborah Hellinger instructed trade Insider.
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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 conclude to amend this situation?A. originate positive the tree version was published successfully.B. originate positive to flatten the rows of the tree version.C. originate positive 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 drill when implementing; a recent chart of accounts? Howmany segments and what segment qualifiers should live used?A. Define four segments for the company, department, natur.il account, and intercompany segment.The qualifiers should live 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 live 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 live 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 achieve accounting functions across 50countries.What feature allows them to participate setup data, such as Payment Terms, across trade Units?A. Data Access SetsB. trade Units functionsC. Reference Data SetsD. None. Setup data is partitioned by trade Unit and must live defined separately per trade Unit.Answer: B
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Oracle and KPMG deliver the wealth management company’s first Australian deployment of Oracle ERP Cloud, completing their first major Oracle Cloud financials implementation
Sydney – 19 December 2016 – ClearView, a specialist in the manufacture of life insurance and wealth management products and a provider of pecuniary counsel solutions to its clients, has successfully deployed Oracle Enterprise Resource Planning (ERP) Cloud using KPMG implementation services. The result is the replacement of their legacy general ledger platform with a next generation platform transforming the effectiveness and efficiency of their pecuniary process.
“The scramble to a cloud-based solution is more than just an upgrade of a legacy general ledger platform, it paves the artery to truly evolve how they operate as a business,” said Athol Chiert, CFO of Clearview. “The solution will always live up-to-date, their data is clean, and they will now only need very limited third party vendor support. Most importantly, their finance teams will live able to free themselves from unadulterated transaction-processing activities and consecrate more time to acting as strategic partners to the ClearView business.”
Assisting with the Oracle deployment at ClearView, KPMG delivered the cloud platform in just five months using the KPMG Oracle Cloud Implementation methodology, which is designed for accelerated cloud transformation. The KPMG Integration framework and KPMG data migration framework allowed the rapid migration of seven years of ClearView’s heritage data into the Oracle ERP Cloud and integration into a ambit of on-premise systems.
Multiple core processes, including general ledger, accounts payable, fixed assets, and tax were implemented on Oracle’s industry-leading ERP Cloud platform, creating a separate source of veracity for pecuniary data. Additionally, ClearView will benefit from Oracle’s faculty to scale to accommodate their growth, ready access to recent functionality deployed through the cloud, and real-time reporting and analytics on live pecuniary information - resulting in up-to- the-minute insight into profitability and performance.
"ClearView is a company that is experiencing rapid year-on-year growth but was running their general ledger platform on an outdated technology stack. As a progressive company that values data driven insight, it was imperative that the ERP Cloud solution they selected had the capacity to grow with them as they scale,” said Thomas Fikentscher, general Manager, ERP, Oracle ANZ. “They needed a solution that had the capacity to provide resilient trade driven erudition through analytics and strategic trade intelligence, allowing them to consume action today and arrangement for tomorrow. Within five months, KPMG’s implementation delivered ClearView standardized trade processes, which will provide them seamless upgrades multiple times a year, ensuring modern best finance practices are always at the company's fingertips."
Julian Edwards, KPMG Technology Partner, says “This is a true first for the Australian market. They Have proven that the days of 18 months of mega implementations of back office systems are long gone. KPMG and ClearView were able to roll out Oracle ERP Cloud in just five months. ClearView was able to scramble from an passe version of PeopleSoft to the leading cloud financials software in a hugely efficient manner. The ease of the transformation, coupled with the value it unlocks, will originate a compelling case for many Australian businesses.”
About ClearView Wealth Limited
ClearView Wealth Limited is a diversified Australian pecuniary services company with businesses that provide integrated life insurance, wealth management and pecuniary planning solutions. Additional information is available at www.clearview.com.au
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit oracle.com.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may live trademarks of their respective owners.
About KPMG International
KPMG is a global network of professional services firms providing Audit, Tax, and Advisory services. They operate in 155 countries and Have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and sunder entity and describes itself as such.
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