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1Z0-506 exam Dumps Source : Oracle Fusion Financials 11g Accounts Receivable Essentials
Test Code : 1Z0-506
Test title : Oracle Fusion Financials 11g Accounts Receivable Essentials
Vendor title : Oracle
: 123 existent Questions
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Oracle E-business Suite (EBS) is Oracle’s first suite of ERP and CRM functions, released in 2001. although, despite being over 17 years historical, it is still one of the crucial generic through organizations nowadays. despite the fact Oracle added a more moderen suite of applications via the identify of Oracle Fusion in 2011, the sheer familiarity of EBS has held lower back many organizations from taking the plunge and adopting Fusion.
although, with EBS coming near its cease of assist, the migration to Fusion is now inevitable. through this text, they hope to provide you with insights on the many benefits of Fusion, in assessment with EBS, and assist you exist mindful why the stream to Fusion has a lot going for it.
listed here are probably the most leading changes between EBS and Fusion that exist confident you believe while making your determination emigrate from Oracle EBS to Oracle Fusion.carrier-Oriented structure
one of the most fundamental highlights of Fusion is that it uses a service-oriented structure (SOA), which takes on a more recent, a gross lot smoother mode in distinction to the kinds and database-centric mode of the Oracle software structure in EBS.wide selection of items & productive records mannequin
Fusion offers a number of products got by route of the Oracle over the terminal decade including distinctive commercial enterprise options relish JD Edwards, PeopleSoft and Siebel, in addition to the Oracle E-company Suite (EBS). hence, the data model of Fusion is additionally a blend of Oracle EBS, Siebel and PeopleSoft and is greater effective.Smoother Workflow & Reporting
while Oracle EBS uses a PL/SQL procedural language, Fusion makes use of industry mode Execution Language (BPEL) which assures a smoother, more seamless workflow. stories are furthermore generated using PL/SQL in EBS whereas Fusion makes use of BI writer and XML formats for reporting.varied alternate options in economic Reporting
while Oracle EBS restricts the extent of economic reporting with financial arrangement Generator, Fusion presents a wide orbit of alternate options with Hyperion financial Reporting Studio, Oracle Transactional company Intelligence (OTBI).Futuristic company Intelligence
As EBS makes use of Oracle Discoverer, which has now been phased out with the aid of Oracle Fusion, there will not exist any advocate or compatibility with more recent products together with Microsoft home windows, web Explorer and Oracle database updates. Oracle Fusion, nevertheless, makes use of the newer, extra superior Oracle enterprise Intelligence commercial enterprise edition (OBIEE).Simplified content management
When EBS outlets records in BLOBs, Fusion makes use of Oracle everyday content management (previously Stellant), which has been bought from Stellant. This presents a simplified solution to order an business’s doc management requirements in line with hierarchical approvals.Seamless Integration
EBS integrates with Oracle and non-oracle applications through utility Integration architecture (AIA) whereas Fusion does so via AIA, BPEL and different net functions.
listed below are a number of different key differentiators between Oracle EBS and Oracle Fusion:Why choose Fusion
As you can remark above, Oracle Fusion comes with more advantageous protection and cloud-primarily based entry, easily navigable dashboards for productive troubleshooting and business-pleasant technologies. It additionally has a particular Part over EBS with its ability to create ad hoc experiences for true-time data devoid of the necessity to sprint diverse queries. quite simply put, Oracle Fusion is the company suite of the long run!
The above content material turned into taken in the nascence from Cloud applied sciences.
Clover Infotech, an IT services provider, announced that it has correctly implemented Oracle Fusion Financials, a financial management reply for the Marcura group, an IT features issuer for the delivery and logistics trade. This become achieved within a listing time body of three months. this is additionally among the first giant scale implementations of Oracle Fusion Financials within the world shipping and logistics house.
Marcura group includes of groups that focal point on offering company options designed to aid their customers in the global maritime industry streamline procedures, navigate more and more complex regulations and mitigate dangers. The community contains of assorted world entities and presents multiple options with items relish DA-Desk®, ProtsDirect®, CP Desk®, Martrust, PortLog, PortPoint, Laytime-Desk and appear-Desk.
After evaluating discrete enterprise aid Planning (ERP) and monetary accounting solutions, the Marcura neighborhood zeroed in on Oracle Fusion Financials because of its finished nature and advanced cloud capabilities. Marcura became looking for an implementation colleague who could finished the multi-vicinity implementation inside three months. Clover Infotech’s talents in a various set of industries in addition to its consultative mode resulted in Marcura opting for the company as its associate of alternative.
Oracle Fusion Financials is an entire financial management reply on cloud. It revolutionizes productivity and assistance entry with native, precise-time intelligence. The solution includes a broad suite of capabilities together with prevalent ledger, debts payable, debts receivable, fastened assets, and cash management. It additionally includes expense and collections administration that sit down on proper of a a hundred% open, specifications-based mostly platform to advocate purchasers raise industry agility and standardize enterprise tactics.
Commenting on the building, Srikanth Doranadula, Senior Director & Head, Alliances & Channels, Oracle India observed, “Cloud is the profitable path to assume for next generation agencies. they are assured that with Oracle Fusion Financials, the Marcura group can exist capable of enlarge productivity and accomplish stronger enterprise decisions with the true-time intelligence capabilities.” He introduced, ”Clover Infotech has performed a stellar job of implementing the solution inside three months and should exist capable of present continued advocate to the company.”
Congratulating Clover Infotech on this vital task, Tushar Trivedi, neighborhood Head of Accounting, Marcura community, pointed out, “We had been confident that Oracle Fusion Financials is the remedy reply to fullfil their necessities. They searched for an implementation companion who might assume note their company requirements and exist an integral Part of this alternate. Clover Infotech got here on board and carried out this difficult venture in an utmost expert method. Their team had a constructive blend of americans with accounting capabilities, and potential of past versions of Oracle. I congratulate the teams at Clover Infotech, Oracle assist and Marcura for the unbelievable collaboration, making confident the success of this implementation”.
Commenting on the development, Javed Tapia, MD, Clover Infotech credited his crew for this achievement, “We knew from the first day that they were taking up a difficult challenge. i would relish to congratulate the Clover Infotech crew for providing as expected in the stringent timelines. I assume this desultory to thank the Marcura group for his or her befriend in making confident this success and materialize forward to many extra opportunities of collaboration”.
Oracle appears set to bring extra tips than ever before about its lengthy-awaited Fusion functions at the OpenWorld conference in September, with greater than 30 sessions listed as of Tuesday.
Fusion purposes are supposed to blend the optimal attributes of Oracle's quite a lot of software lines into a subsequent-technology suite. Oracle CEO Larry Ellison has spoke of they are going to accomplish their initial debut sometime this yr, and many observers are expecting a unlock announcement at OpenWorld.
The conference periods consist of deep-dives into particular person Fusion modules, the suite's architectural underpinnings and its pervasive use of BI (company intelligence).
while the shows will apparently comprehend a wealth of granular detail in regards to the application, OpenWorld additionally presents a crucial possibility for Oracle to consumers on some broader aspects of the Fusion launch, in line with some clients and analysts.
"The massive issue for me is the deployment strategy," stated Forrester research analyst Paul Hamerman.
Ellison advised final year's OpenWorld audience that Fusion applications are built to exist deliverable as SaaS (application as a provider). however is not pellucid if Oracle itself will sell the entire functions this fashion, Hamerman referred to.
"I believe that Oracle's simply no longer ready to bounce into SaaS too lots, definitely, for economic causes," he stated. "Ellison's on listing epigram no person's making any funds with SaaS, and it's pretty a Great deal authentic."
Fusion purposes will most likely exist offered in on-premises kind as well as via internet hosting services relish Oracle's own On claim division, Hamerman added. nevertheless it could exist as much as partners to convey the utility as existent multi-tenant SaaS, which gives cost consequence downs and cuts management chores, since dissimilar clients participate the identical utility example.
Oracle would in reality conclude well to further spell out the deployment options for Fusion, pointed out Floyd Teter, vp of the Oracle functions users neighborhood. Teter is additionally on the community's Fusion Council, which has served as a liaison between Oracle and customers related to the applications.
Teter, who works as director of the software administration workplace for system integrator Innowave applied sciences, is available in contact with many petite and medium-sized corporations, he pointed out.
"one of the vital things they are attracted to phrases of Fusion Apps is, 'Do I really bask in to host this atmosphere myself,'" Teter noted. "[Oracle needs] to exist express about that."
Fusion functions' technical underpinnings, which comprehend Oracle Fusion Middleware and the JDeveloper toolkit, can result in alternate for a lot of users of Oracle's current ERP (commercial enterprise useful resource planning) items, which encompass JD Edwards, PeopleSoft and E-business Suite.
The SaaS deployment alternative might furthermore hence exist more eye-catching to smaller organizations with fewer materials and want to accomplish this kind of transition.
there is furthermore the probability of Fusion functions being delivered in paraphernalia kind, in full probability powered through Oracle's Exadata platform.
however users can't accomplish any sizable choices unless the application is in fact launched.
a minimum of, Hamerman is expecting Oracle to advertise a typical-availability date for Fusion's first wave at OpenWorld. whereas few customers may additionally bounce to purchase it, Oracle nevertheless needs to set some expectations for the market, he noted.
"allow them to lay out the adoption curve," he talked about. "the plot conclude they prognosticate to exist in a 12 months or two years? For this product, it's key to bask in reside customers in volume on payroll or regularly occurring ledger, to prove out its capacity to tackle tremendous businesses."
perception into when the second wave of Fusion could exist released would furthermore exist helpful to clients, considering the fact that the introductory launch will no longer encompass a complete set of ERP modules.
"now not the entire verticals could exist delivered," observed Altimeter community analyst Ray Wang. "it exist crucial for Oracle to disclose what that street map is."
That said, Oracle has certainly located Fusion purposes as whatever thing users can undertake in modular fashion, at their own tempo.
"We don't account full valued clientele are going to substitute what they bask in got nowadays with Fusion," Ellison pointed out during his OpenWorld speech final yr. "We account they're going to augment what they bask in got with some Fusion. Fusion is designed to exist delivered that method. ... they bask in substitute purposes and then they bask in net-new purposes."
however the company could conclude greater to cement this message, as many purchasers materialize to exist beneath the imprint that touching to Fusion purposes should exist relish other upgrades, according to yet another consumer.
"or not it's route more of a mixture-and-fit [situation]. you will accomplish a determination what you desire. it's a different situation for each user," talked about Debra Lilley, deputy chairwoman of the uk Oracle consumer community and an additional key liaison to Oracle involving Fusion.
it might befriend if Oracle started weaving Fusion purposes tips into its displays for E-enterprise Suite, PeopleSoft and JD Edwards consumers, she talked about.
In equity, Cliff Godwin, the Oracle govt in cost of E-enterprise Suite, did simply that full through a fresh adventure Lilley attended, she delivered.
meanwhile, Fusion's licensing model is a "phenomenally essential" enviornment for Oracle to accomplish clear, Teter referred to. "We necessity to hear how that's going to work. What i bask in been told is we'll tangle 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that may still exist a no-can freight upgrade. but if or not it's a new module, as a route to freight you."
Lilley has an identical understanding. "In their conversations, they bask in been degree pellucid that in case you own that system now, you're going to personal that manner in Fusion," she stated.
but the usability improvements in Fusion purposes are so sturdy that many agencies will feasible add user licenses, in line with Lilley, who has had huge arms-on adventure with the utility.
an extra secret is how open Fusion applications could exist to other vendors' applied sciences, equivalent to databases.
here's a vital aspect for some Oracle purchasers. About one-third of PeopleSoft stores are databases aside from Oracle, Hamerman estimated. relocating to Fusion for this judgement doubtlessly entails costly new license purchases.
Wang expects Oracle to provide some measure of cross-platform compatibility.
"like several worthy supplier they might exist optimized for his or her own stack, but that doesn't spell they cannot work with others," he noted. "The market will ordain that Oracle needs to exist open adequate to participate in other ecosystems."
Oracle didn't respond to a request for remark about its plans for Fusion applications at OpenWorld.
Chris Kanaracus covers industry utility and well-known technology breaking news for The IDG information carrier. Chris's e mail tackle is Chris_Kanaracus@idg.comTo touch upon this article and different PCWorld content, discuss with their fb web page or their Twitter feed.
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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 present its flagship product line, the 170 MarkView financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application progress 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 odds 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 faultfinding financial transactions annually with the 170 MarkView financial Suite and necessity a secure and reliable database platform that can felicitous and scale quickly to advocate their growing and changing organizations. The Oracle Database 11g will further enhance these areas for their 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 bask in 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 orbit of new progress and management features that will befriend partners relish 170 Systems present 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 industry 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 exist effectively deployed on everything from petite blade servers to the biggest SMP servers and clusters of full sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage full data from traditional industry 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 industry 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 necessity to exist successful in today's global economy. Oracle partners are able to present 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 industry with Oracle qualify for the Oracle Certified colleague levels. Partners who are able to demonstrate the highest flush of product knowledge, technical expertise and a commitment to industry with Oracle qualify for the Oracle Certified odds colleague level. These partners receive a higher flush 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, common Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of full 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: firstname.lastname@example.org
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, +1.32%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to enlarge performance, reduce costs and enhance determination making. To abide at the forefront of the industry amidst full 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 befriend manage its 15 plants around North America. As Part of those efforts it upgraded to Oracle E-Business Suite 12.1, to tangle to the current release and to address a significant change in charted accounts along with redesigning six of its core industry processes. Now, Capital Power can access a suite of modern industry applications that enable it to streamline industry processes and reduce costs.
News Facts-- To befriend 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 recur of 12.5 percent from its upgrade. Due to additional savings that were institute during the process, the actual rate of recur was 25.2 percent(i). -- With significant changes planned to its core industry processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern industry applications that could to exist 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 befriend redesign its industry 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 befriend 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 befriend optimize financial operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle common 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 touching 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 industry 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 furthermore enables full employees to view near existent 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 conclude their jobs.
Supporting Quote-- "We needed an automated and elastic industry platform to increase efficiencies and establish a solid foundation as they redesigned a number of their core industry 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 tense 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 undergo and drive better industry 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 advocate policy helps ensure customers will continue to bask in 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, +1.32% visit www.oracle.com.
Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may exist trademarks of their respective owners.
(i) Internal rate of recur was calculated on a 10 year age 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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Nextgen Runs Oracle Software on Oracle Hardware in Preparation to Sell Oracle Systems
· Nextgen Distribution Pty Limited (Nextgen), a technology distributor based in Sydney and a Platinum flush member of Oracle colleague Network (OPN), has selected the Oracle E-Business Suite 12.1 (including Oracle E-Business Suite Financials and Oracle Discrete Manufacturing, as well as Oracle iStore) and Oracle CRM On claim to provide the industry backbone for its business.
· During this first phase of the IT transformation project planned at Nextgen, the company will sprint its industry on open, standards-based and integrated solutions with some modules of Oracle Fusion Middleware due in phase two of the IT transformation project.
· Nextgen has been implementing the system with OPN Gold flush members, Dataweave for the Oracle E-Business Suite and CrmNow for the Oracle CRM On claim implementations.
· As a start-up Value Added Distributor (VAD), Nextgen was seeking a basic infrastructure to sprint a successful distribution industry and selected Oracle to advocate their platform for growth against a number of other vendor solutions. Considerations such as scalability; cost savings, flexibility; and longer term maintenance and advocate requirements, were full primary and carefully assessed. Above all, the requirement to implement a well respected enterprise flush solution to advocate swiftly growth was essential.
· Nextgen chose Oracle Applications due to best exercise industry processes, ease of integration with the Oracle Database Appliance, competitive pricing and the hasten of implementation.
· The first phase of the project for both the Oracle E-Business Suite 12.1 and Oracle CRM On claim went live in just six weeks.
· phase Two will commence shortly, which will comprehend Oracle iStore and aspects of Oracle Fusion Middleware 11g to befriend integrate full aspects of the solution. Supporting Quotes · “We are a new industry and they needed a major and robust ERP system that will scale for growth, easily change and felicitous as they grow but that is furthermore cost effective from a maintenance perspective. The deployment happened quickly, with the Oracle E-Business Suite 12.1 up and running in just six weeks. Their industry is built on agility and responsiveness; relationships and integrity; and on executing innovative channel programs. The Oracle infrastructure will advocate their strategy,” said John Walters, Managing Director, Nextgen. “Oracle was the right choice for us with the added benefit of being able to sprint the Oracle Applications on their Oracle Database Appliance. It furthermore presents a valuable demonstration for their current and future clients of how Oracle solutions are engineered to work together!”
· “We are excited to remark this young company embrace the benefits of running the Oracle software on Oracle hardware,” said John Smith, common Manager, Applications Channels and Commercial, Oracle Australia and New Zealand. “The combination of the Oracle E-Business Suite 12.1 and Oracle CRM On claim together with Oracle Database Appliance can befriend provide Nextgen with a reliable platform to grow from and the flexibility of the licensing model needed for a company that is projecting a quick expansion of its business.”
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