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1Z1-507 exam Dumps Source : Oracle Fusion Financials 11g Accounts Payable Essentials
Test Code : 1Z1-507
Test appellation : Oracle Fusion Financials 11g Accounts Payable Essentials
Vendor appellation : 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 still 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 appellation 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 quit 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 elect 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 harmonize 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 disburse of a provider-oriented structure (SOA), which takes on a newer, tons smoother manner in distinction to the forms and database-centric manner of the Oracle software architecture in EBS.big selection of products & efficacious information model
Fusion offers a number of items acquired by route of the Oracle over the final decade including diverse traffic options relish JD Edwards, PeopleSoft and Siebel, moreover the Oracle E-company Suite (EBS). for this reason, the facts mannequin of Fusion is furthermore 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 traffic manner Execution Language (BPEL) which assures a smoother, more seamless workflow. stories are furthermore 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 fiscal reporting with fiscal blueprint Generator, Fusion offers a colossal compass of options with Hyperion fiscal Reporting Studio, Oracle Transactional enterprise Intelligence (OTBI).Futuristic traffic Intelligence
As EBS uses Oracle Discoverer, which has now been phased out by means of Oracle Fusion, there will no longer live any uphold or compatibility with more recent items together with Microsoft home windows, web Explorer and Oracle database updates. Oracle Fusion, even so, makes disburse of the newer, more superior Oracle enterprise Intelligence enterprise edition (OBIEE).Simplified content material management
When EBS stores records in BLOBs, Fusion makes disburse of Oracle typical content material administration (formerly Stellant), which has been acquired from Stellant. This presents a simplified respond 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 perceive 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 section over EBS with its potential to create advert hoc reports for actual-time statistics devoid of the necessity to hasten numerous queries. quite simply put, Oracle Fusion is the traffic 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 respond for the Marcura community, an IT services provider for the transport and logistics trade. This turned into achieved inside a listing time carcass 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 traffic options designed to aid their valued clientele in the international maritime traffic 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 traffic 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 traffic 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 standard ledger, accounts payable, debts receivable, fixed belongings, and cash administration. It additionally contains rate and collections administration that elect a seat on excellent of a 100% open, requirements-based platform to uphold valued clientele expand 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 elect for subsequent generation corporations. we're assured that with Oracle Fusion Financials, the Marcura group can live capable of enhance productiveness and get stronger company choices with the precise-time intelligence capabilities.” He delivered, ”Clover Infotech has achieved a stellar job of imposing the respond within three months and should live 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 acquire been determined that Oracle Fusion Financials is the prerogative solution to fulfill their necessities. They looked for an implementation companion who may live mindful their enterprise requirements and live a vital section of this change. Clover Infotech got here on board and performed this challenging project in an utmost professional manner. Their team had a profitable composite of americans with accounting talents, and knowledge of earlier versions of Oracle. I congratulate the groups at Clover Infotech, Oracle usher 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 elect this possibility to thank the Marcura team for his or her aid in making confident this success and seem 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 prerogative into a next-generation suite. Oracle CEO Larry Ellison has referred to they're going to get their preparatory 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 disburse of BI (enterprise intelligence).
while the presentations will apparently involve a wealth of granular aspect about the utility, OpenWorld additionally gifts an primary probability for Oracle to prove consumers on some broader facets of the Fusion launch, based on some clients and analysts.
"The big constituent 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 live deliverable as SaaS (utility as a provider). however it is not transparent if Oracle itself will sell outright the purposes this fashion, Hamerman observed.
"I reckon that Oracle's simply not able to bounce into SaaS too tons, in fact, for fiscal reasons," he mentioned. "Ellison's on checklist epigram no person's making any money with SaaS, and it's fairly a all lot proper."
Fusion functions will obviously live offered in on-premises profile in addition to by the disburse of internet hosting functions relish Oracle's own On exact division, Hamerman added. but it can live up to companions to carry the software as exact multi-tenant SaaS, which offers imbue savings and cuts management chores, considering that several purchasers participate the equal application illustration.
Oracle would definitely enact well to extra spell out the deployment alternatives for Fusion, famed 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 minuscule 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 live express about that."
Fusion purposes' technical underpinnings, which consist of Oracle Fusion Middleware and the JDeveloper toolkit, may quit 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 live extra attractive to smaller groups with fewer substances and want to get any such transition.
there may live additionally the possibility of Fusion purposes being delivered in appliance form, most likely powered by using Oracle's Exadata platform.
but clients can't get any mammoth decisions except the software is definitely launched.
at least, Hamerman is anticipating Oracle to promulgate 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 enact they hope to live in a yr or two years? For this product, or not it's key to acquire reside purchasers in quantity on payroll or generic ledger, to prove out its means to tackle enormous organizations."
perception into when the second wave of Fusion could live launched would even live useful to clients, considering the fact that the initial launch will now not encompass a complete set of ERP modules.
"not outright the verticals might live delivered," famed 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 enact not feel outright shoppers are going to substitute what they acquire got today with Fusion," Ellison pointed out throughout his OpenWorld speech remaining yr. "We reckon they'll expand what they acquire with some Fusion. Fusion is designed to live delivered that manner. ... they now acquire alternative purposes and then they now acquire internet-new applications."
however the enterprise might enact extra to cement this message, as many consumers seem to live under the influence that relocating to Fusion applications could live relish different improvements, in line with one other person.
"it live far more of a combination-and-fit [situation]. you will Come to a decision 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 outright over a fresh event Lilley attended, she introduced.
meanwhile, Fusion's licensing model is a "phenomenally essential" region for Oracle to get clear, Teter mentioned. "We deserve to hear how it's going to work. What i acquire been told is they will gain 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that should live a no-cost improve. but when it's a novel module, so as to can imbue you."
Lilley has an identical figuring out. "In their conversations, they acquire been reasonably transparent 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 live 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 understanding probably entails costly novel license purchases.
Wang expects Oracle to give some measure of go-platform compatibility.
"like outright decent supplier they should live optimized for their own stack, but that doesn't express they can't toil with others," he mentioned. "The market will impose that Oracle has to live open ample to participate in other ecosystems."
Oracle did not reply to a request for comment 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 wield is Chris_Kanaracus@idg.comTo comment on this text and different PCWorld content, talk over with their fb page or their Twitter feed.
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Accounting and fiscal SoftwareShared customers will capitalize from increased scalability, manageability and Security of their mission-critical systems
NEW YORK CITY, July 11 / -- 170 Systems today announced that it will tender its flagship product line, the 170 MarkView fiscal Suite, based on Oracle® Database 11g. The novel performance, scalability, manageability and application evolution features in Oracle Database 11g will enhance 170 MarkView fiscal 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 fiscal Suite in the world's largest companies to optimize and manage their fiscal processes. The 170 MarkView fiscal Suite, which is integrated with the Oracle Database and Oracle Fusion Middleware, will extend Oracle Database 11g's novel benefits to its users.
"Our customers collectively process well over $100 billion in censorious fiscal transactions annually with the 170 MarkView fiscal Suite and necessity a secure and responsible 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, pains and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to acquire worked closely with Oracle as section 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 compass of novel evolution and management features that will befriend partners relish 170 Systems tender 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 traffic 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 live effectively deployed on everything from minuscule blade servers to the biggest SMP servers and clusters of outright sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique talent to manage outright data from traditional traffic information to XML and 3D spatial information makes it the exemplar choice to power transaction processing, data warehousing, and content management applications.
About Oracle PartnerNetworkOracle PartnerNetwork is a global traffic 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 live successful in today's global economy. Oracle partners are able to tender 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 traffic 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 traffic with Oracle qualify for the Oracle Certified edge 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 fiscal 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 fiscal processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, generic Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of outright transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, ameliorate 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, tickle convoke 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, -0.72%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to expand performance, reduce costs and enhance decision making. To sojourn at the forefront of the industry amidst outright 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 section of those efforts it upgraded to Oracle E-Business Suite 12.1, to gain to the current release and to address a significant change in charted accounts along with redesigning six of its core traffic processes. Now, Capital Power can access a suite of modern traffic applications that enable it to streamline traffic 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 found during the process, the actual rate of recur was 25.2 percent(i). -- With significant changes planned to its core traffic processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern traffic applications that could to live 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 traffic 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 fiscal operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle generic Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle fiscal Analytics, to ameliorate fiscal reporting accuracy and accelerate fiscal 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 poignant 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, ship 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 traffic Intelligence Enterprise Edition (OBIEE) 11g for fiscal analytics, project analytics, and procure and disburse analytics. OBIEE provides executives with a sole dashboard view of the company's health and furthermore enables outright 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 easy access to the data needed to enact their jobs.
Supporting Quote-- "We needed an automated and springy traffic platform to increase efficiencies and establish a solid foundation as they redesigned a number of their core traffic 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 dependence on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to capitalize from the latest technology advances that ameliorate the customer software undergo and drive better traffic 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 toil with and evolve your existing applications investments. Oracle's lifetime uphold policy helps ensure customers will continue to acquire a choice in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases travel to: www.oracle.com/applications.
About Oracle Oracle engineers hardware and software to toil 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 live trademarks of their respective owners.
(i) Internal rate of recur was calculated on a 10 year era 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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