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1Z0-408 Oracle Fusion Financials: General Ledger 2014

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Oracle Oracle Fusion Financials: General

financial institution of america Selects Oracle Cloud for ERP and Financials | killexams.com Real Questions and Pass4sure dumps

REDWOOD SHORES, Calif., June 26, 2017 /PRNewswire/ -- Oracle (NYSE: ORCL) introduced these days that financial institution of the united states (NYSE: BAC) has selected Oracle's cloud-primarily based ERP and monetary purposes for each its overseas generic ledger and its broker-broking methods. Oracle is the world chief in Cloud ERP programs. The company now has more than 5 thousand Fusion fiscal cloud functions valued clientele put in global.

"financial institution of the united states is among the most sophisticated applications clients on the planet," mentioned Mark Hurd, CEO, Oracle. "corporations in listing numbers are migrating legacy ERP applications to Oracle ERP Cloud.  Oracle will carry bank of america essentially the most modern, finished, world ERP purposes on the earth."

"Our continued center of attention on expertise modernization has positioned bank of america as a recent expertise business," stated Cathy Bessant, Chief Operations and technology Officer. "Our settlement with Oracle is ready their know-how and culture; they will learn with and from each different to bring the premier options.  They assume eighty % of their know-how workloads could be delivered on the cloud inside the following couple of years, and this solution for everyday ledger displays their evolving approach and the improvements in cloud safety and economics."

About bank of AmericaBank of the united states is one of the world's main monetary institutions, serving individual patrons, small and center-market companies and massive establishments with a full range of banking, investing, asset management and other monetary and chance management items and capabilities. The company offers unmatched convenience within the u.s., serving about forty seven million consumer and small enterprise relationships with about four,600 retail economic facilities, about 15,900 ATMs, and award-successful digital banking with about 35 million energetic users and greater than 22 million cellular users. financial institution of the united states is a global leader in wealth administration, corporate and investment banking and trading across a vast latitude of asset classes, serving enterprises, governments, institutions and people everywhere. financial institution of the united states offers business-main support to about 3 million small company house owners via a set of ingenious, handy-to-use online items and services. The enterprise serves customers through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 nations. financial institution of the usa service provider stock (NYSE: BAC) is listed on the long island stock change.

About OracleThe Oracle Cloud presents comprehensive SaaS utility suites for ERP, HCM and CX, plus most effective-in-class database Platform as a carrier (PaaS) and Infrastructure as a service (IaaS) from records facilities all the way through the Americas, Europe and Asia. For more counsel about Oracle (NYSE: ORCL), please consult with us at oracle.com.

TrademarkOracle and Java are registered trademarks of Oracle and/or its affiliates. other names could be emblems of their respective house owners.

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Fusion Apps Questions Oracle should still answer | killexams.com Real Questions and Pass4sure dumps

Oracle appears set to deliver more assistance than ever earlier than about its lengthy-awaited Fusion purposes on the OpenWorld conference in September, with greater than 30 sessions listed as of Tuesday.

Fusion purposes are presupposed to combine the most efficient attributes of Oracle's various software lines into a subsequent-era suite. Oracle CEO Larry Ellison has mentioned they are going to make their initial debut sometime this yr, and a lot of observers are expecting a liberate announcement at OpenWorld.

The conference sessions consist of deep-dives into individual Fusion modules, the suite's architectural underpinnings and its pervasive use of BI (business intelligence).

while the shows will apparently consist of a wealth of granular aspect concerning the application, OpenWorld additionally gifts a vital probability for Oracle to train customers on some broader facets of the Fusion launch, in line with some clients and analysts.

"The huge issue for me is the deployment approach," said Forrester analysis analyst Paul Hamerman.

Ellison informed last 12 months's OpenWorld viewers that Fusion purposes are developed to be deliverable as SaaS (application as a provider). but it is not clear if Oracle itself will promote all the purposes this way, Hamerman noted.

"I consider that Oracle's just no longer able to start into SaaS too a great deal, in reality, for monetary motives," he observed. "Ellison's on list saying nobody's making any cash with SaaS, and it be pretty tons real."

Fusion applications will absolutely be offered in on-premises kind in addition to via internet hosting capabilities like Oracle's own On Demand division, Hamerman brought. but it surely could be up to partners to bring the application as true multi-tenant SaaS, which offers charge discounts and cuts administration chores, in view that assorted customers share the equal application illustration.

Oracle would in fact do well to further spell out the deployment alternatives for Fusion, observed Floyd Teter, vp of the Oracle purposes users community. Teter is additionally on the community's Fusion Council, which has served as a liaison between Oracle and shoppers concerning the purposes.

Teter, who works as director of the program administration workplace for system integrator Innowave technologies, is available in contact with many small and medium-sized businesses, he pointed out.

"some of the issues they're drawn to phrases of Fusion Apps is, 'Do I in reality need to host this environment myself,'" Teter pointed out. "[Oracle needs] to be specific about that."

Fusion applications' technical underpinnings, which consist of Oracle Fusion Middleware and the JDeveloper toolkit, may end up in alternate for many users of Oracle's present ERP (commercial enterprise aid planning) items, which include JD Edwards, PeopleSoft and E-enterprise Suite.

The SaaS deployment alternative may additionally hence be greater beautiful to smaller groups with fewer components and desire to make one of these transition.

there is also the chance of Fusion purposes being delivered in equipment form, perhaps powered by Oracle's Exadata platform.

but clients can't make any colossal choices except the application is in fact launched.

a minimum of, Hamerman is expecting Oracle to announce a normal-availability date for Fusion's first wave at OpenWorld. while few purchasers may also start to buy it, Oracle nevertheless should set some expectations for the market, he pointed out.

"let them lay out the adoption curve," he pointed out. "the place do they are expecting to be in a yr or two years? For this product, or not it's key to have are living purchasers in extent on payroll or usual ledger, to prove out its capability to handle huge companies."

insight into when the second wave of Fusion may be released would even be advantageous to users, given that the preliminary launch will not consist of a complete set of ERP modules.

"no longer all of the verticals might be delivered," pointed out Altimeter community analyst Ray Wang. "it's essential for Oracle to show what that street map is."

That said, Oracle has naturally located Fusion applications as whatever users can adopt in modular fashion, at their personal pace.

"We do not think all clients are going to exchange what they have got today with Fusion," Ellison pointed out all over his OpenWorld speech closing year. "We believe they're going to augment what they have with some Fusion. Fusion is designed to be delivered that approach. ... they have substitute applications and then they now have internet-new applications."

but the business could do greater to cement this message, as many consumers seem to be beneath the influence that moving to Fusion purposes may be like other improvements, in response to another consumer.

"it's way more of a mixture-and-match [situation]. you'll make a decision what you desire. it be a different situation for every person," referred to Debra Lilley, deputy chairwoman of the uk Oracle person community and one more key liaison to Oracle involving Fusion.

it might support if Oracle began weaving Fusion purposes assistance into its displays for E-business Suite, PeopleSoft and JD Edwards shoppers, she stated.

In fairness, Cliff Godwin, the Oracle executive in can charge of E-business Suite, did just that throughout a contemporary event Lilley attended, she added.

meanwhile, Fusion's licensing mannequin is a "phenomenally important" area for Oracle to make clear, Teter referred to. "We deserve to hear how that is going to work. What i've been informed is we'll get 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that should be a no-can charge improve. but when or not it's a brand new module, with a purpose to cost you."

Lilley has a similar knowing. "In their conversations, they've been somewhat clear that if you personal that technique now, you are going to own that manner in Fusion," she pointed out.

but the usability advancements in Fusion functions are so strong that many corporations will seemingly add consumer licenses, in accordance with Lilley, who has had extensive arms-on experience with the software.

a further mystery is how open Fusion functions may be to other companies' applied sciences, corresponding to databases.

here is an important aspect for some Oracle customers. About one-third of PeopleSoft shops are databases other than Oracle, Hamerman estimated. relocating to Fusion therefore potentially entails expensive new license purchases.

Wang expects Oracle to provide some measure of go-platform compatibility.

"like several good supplier they might be optimized for their own stack, however that doesn't suggest they cannot work with others," he said. "The market will dictate that Oracle must be open ample to participate in different ecosystems."

Oracle did not reply to a request for remark about its plans for Fusion purposes at OpenWorld.

Chris Kanaracus covers commercial enterprise software and common technology breaking news for The IDG information service. Chris's email address is Chris_Kanaracus@idg.com

To comment on this article and different PCWorld content material, discuss with their facebook page or their Twitter feed.

Oracle nabs BofA as new cloud client | killexams.com Real Questions and Pass4sure dumps

No outcome discovered, try new keyword!The Fusion monetary application will run at BofA’s vicinity however the usage of Oracle’s personnel and hardware. ”We expect 80 % of their know-how workloads should be delivered on the cloud inside the next ...

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Oracle Fusion Financials: General Ledger 2014

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Oracle nabs BofA as new cloud customer | killexams.com real questions and Pass4sure dumps

No result found, try new keyword!The Fusion Financial software will run at BofA’s location but using Oracle’s staff and hardware. ”We anticipate 80 percent of their technology workloads will be delivered on the cloud within the next ...

Bank of America Selects Oracle Cloud for ERP and Financials | killexams.com real questions and Pass4sure dumps

REDWOOD SHORES, Calif., June 26, 2017 /PRNewswire/ -- Oracle (NYSE: ORCL) announced today that Bank of America (NYSE: BAC) has selected Oracle's cloud-based ERP and financial applications for both its international general ledger and its broker-dealer systems. Oracle is the world leader in Cloud ERP systems. The company now has more than five thousand Fusion Financial cloud applications customers installed worldwide.

"Bank of America is among the most sophisticated applications customers in the world," said Mark Hurd, CEO, Oracle. "Companies in record numbers are migrating legacy ERP applications to Oracle ERP Cloud.  Oracle will deliver Bank of America the most modern, complete, global ERP applications in the world."

"Our continued focus on technology modernization has positioned Bank of America as a contemporary technology company," said Cathy Bessant, Chief Operations and Technology Officer. "Our agreement with Oracle is about their technology and culture; we'll learn with and from each other to deliver the best solutions.  They anticipate 80 percent of their technology workloads will be delivered on the cloud within the next few years, and this solution for general ledger reflects their evolving strategy and the improvements in cloud security and economics."

About Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 15,900 ATMs, and award-winning digital banking with approximately 35 million active users and more than 22 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

About OracleThe Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

TrademarkOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Fusion Apps Questions Oracle Should Answer | killexams.com real questions and Pass4sure dumps

Oracle appears set to deliver more information than ever before about its long-awaited Fusion Applications at the OpenWorld conference in September, with more than 30 sessions listed as of Tuesday.

Fusion Applications are supposed to combine the best attributes of Oracle's various application lines into a next-generation suite. Oracle CEO Larry Ellison has said they will make their initial debut sometime this year, and many observers are expecting a release announcement at OpenWorld.

The conference sessions include deep-dives into individual Fusion modules, the suite's architectural underpinnings and its pervasive use of BI (business intelligence).

While the presentations will apparently include a wealth of granular detail about the software, OpenWorld also presents a crucial opportunity for Oracle to educate customers on some broader aspects of the Fusion launch, according to some users and analysts.

"The big thing for me is the deployment strategy," said Forrester Research analyst Paul Hamerman.

Ellison told last year's OpenWorld audience that Fusion Applications are built to be deliverable as SaaS (software as a service). But it is not clear if Oracle itself will sell all the applications this way, Hamerman said.

"I think that Oracle's just not ready to jump into SaaS too much, really, for financial reasons," he said. "Ellison's on record saying nobody's making any money with SaaS, and it's pretty much true."

Fusion Applications will obviously be sold in on-premises form as well as via hosting services like Oracle's own On Demand division, Hamerman added. But it may be up to partners to deliver the software as true multi-tenant SaaS, which provides cost savings and cuts management chores, since multiple customers share the same application instance.

Oracle would definitely do well to further spell out the deployment options for Fusion, said Floyd Teter, vice president of the Oracle Applications Users Group. Teter is also on the group's Fusion Council, which has served as a liaison between Oracle and customers regarding the applications.

Teter, who works as director of the program management office for system integrator Innowave Technologies, comes in contact with many small and medium-sized companies, he said.

"One of the things they're interested in terms of Fusion Apps is, 'Do I really have to host this environment myself,'" Teter said. "[Oracle needs] to be explicit about that."

Fusion Applications' technical underpinnings, which include Oracle Fusion Middleware and the JDeveloper toolkit, may result in change for many users of Oracle's existing ERP (enterprise resource planning) products, which include JD Edwards, PeopleSoft and E-Business Suite.

The SaaS deployment option may therefore be more attractive to smaller companies with fewer resources and desire to make such a transition.

There's also the possibility of Fusion Applications being delivered in appliance form, perhaps powered by Oracle's Exadata platform.

But users can't make any substantial decisions until the software is actually released.

At the least, Hamerman is expecting Oracle to announce a general-availability date for Fusion's first wave at OpenWorld. While few customers may leap to buy it, Oracle still needs to set some expectations for the market, he said.

"Let them lay out the adoption curve," he said. "Where do they expect to be in a year or two years? For this product, it's key to have live customers in volume on payroll or general ledger, to prove out its ability to handle large companies."

Insight into when the second wave of Fusion will be released would also be helpful to users, since the initial launch will not include a complete set of ERP modules.

"Not all the verticals will be delivered," said Altimeter Group analyst Ray Wang. "It's important for Oracle to show what that road map is."

That said, Oracle has clearly positioned Fusion Applications as something users can adopt in modular fashion, at their own pace.

"We don't think all customers are going to replace what they have today with Fusion," Ellison said during his OpenWorld speech last year. "We think they will augment what they have with some Fusion. Fusion is designed to be delivered that way. ... They have replacement applications and then they have net-new applications."

But the company could do more to cement this message, as many customers seem to be under the impression that moving to Fusion Applications will be like other upgrades, according to another user.

"It's far more of a mix-and-match [situation]. You'll decide what you want. It's a different scenario for every user," said Debra Lilley, deputy chairwoman of the UK Oracle User Group and another key liaison to Oracle regarding Fusion.

It would help if Oracle began weaving Fusion Applications information into its presentations for E-Business Suite, PeopleSoft and JD Edwards customers, she said.

In fairness, Cliff Godwin, the Oracle executive in charge of E-Business Suite, did just that during a recent event Lilley attended, she added.

Meanwhile, Fusion's licensing model is a "phenomenally important" area for Oracle to clarify, Teter said. "We need to hear how that's going to work. What I've been told is we'll get 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that should be a no-cost upgrade. But if it's a new module, that will cost you."

Lilley has a similar understanding. "In their conversations, they've been quite clear that if you own that process now, you'll own that process in Fusion," she said.

But the usability improvements in Fusion Applications are so strong that many companies will likely add user licenses, according to Lilley, who has had extensive hands-on experience with the software.

Another mystery is how open Fusion Applications will be to other vendors' technologies, such as databases.

This is an important point for some Oracle customers. About one-third of PeopleSoft shops are databases other than Oracle, Hamerman estimated. Moving to Fusion therefore potentially entails expensive new license purchases.

Wang expects Oracle to provide some measure of cross-platform compatibility.

"Like any good vendor they will be optimized for their own stack, but that doesn't mean they can't work with others," he said. "The market will dictate that Oracle has to be open enough to participate in other ecosystems."

Oracle did not respond to a request for comment about its plans for Fusion Applications at OpenWorld.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

To comment on this article and other PCWorld content, visit their Facebook page or their Twitter feed.


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