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1Z0-960 exam Dumps Source : Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Test Code : 1Z0-960
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Vendor Name : Oracle
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Feb 01, 2019 (Euclid Infotech Ltd by the use of COMTEX) -- Oracle these days announced Oracle ERP Cloud has been named a leader in Gartners Magic Quadrant for Cloud ERP for Product-Centric Midsize organizations analysis file. Out of 14 items evaluated, Oracle ERP Cloud is listed as the best chief in the Gartner evaluation. A complimentary copy of the file is purchasable right here.
Gartner notes that Leaders exhibit a market-defining imaginative and prescient of how ERP product-centric systems and procedures can be supported and stronger by relocating them to the cloud. They couple this with a clear capability to execute this vision via products, services and go-to-market suggestions. they have a robust presence out there and are starting to be their revenues and market shares. within the cloud ERP suite market, Leaders exhibit a consistent skill to win deals with groups of different sizes, and have a very good depth of functionality across all areas of operational and administrative ERP. they have assorted proofs of a hit deployments by means of purchasers primarily based in their home place and in other places. Their offerings are often used by equipment integrator companions to aid company transformation initiatives.
Our focal point on creating an entire and resourceful monetary, operational, manufacturing and supply chain answer delivered natively on the Cloud is helping agencies of all sizes and across all industries pressure greater enterprise results, referred to Rondy Ng, senior vice chairman, Oracle purposes building. we're proud to convey on their promises for Oracle ERP Cloud and are very blissful to be recognized through Gartner because the sole chief in this file. They accept as true with this acknowledgement additional validates Oracles dedication to delivering continual innovation in their market-main ERP Cloud for their customers.
Oracle ERP Cloud includes finished ERP capabilities across Financials, Procurement, and assignment Portfolio management (PPM), in addition to commercial enterprise performance administration (EPM), and Governance chance and Compliance (GRC). at the side of provide Chain administration (SCM) and native integration with the broader Oracle SaaS portfolio for Human Capital administration (HCM) and client adventure (CX), Oracle presents valued clientele a pragmatic, business-driven, quick adoption direction forward.
Oracles vast portfolio of economic management and planning cloud offerings have garnered industry awareness. Oracle ERP Cloud changed into named a frontrunner in Gartners most fresh Magic Quadrant for Cloud Core financial administration Suites for Midsize, large and world corporations, while Oracle became also located in the Leaders quadrant for the 2018 Magic Quadrant for Cloud monetary Planning and analysis solutions and in the 2018 Magic Quadrant for Cloud financial close solutions.
Partnership Integrates Arachnys' consumer chance Intelligence Platform With Oracles FSFCC options to accelerate AML Compliance Investigations, Streamline KYC Onboarding, and Create Agile customer chance Scoring
long island, ny / ACCESSWIRE / January 29, 2019 / Arachnys, the leader in client chance Intelligence (CRI) options for client Onboarding, be aware of Your client (KYC), consumer Due Diligence & enhanced Due Diligence (CDD/EDD) and Anti money Laundering (AML), today introduced that is has develop into an Oracle PartnerNetwork (OPN) Platinum level member with the Arachnys customer possibility Intelligence (CRI) suite.
The partnership launches with Arachnys / Navigator, part of the Arachnys cloud-native CRI platform, because the first solution planned for integration to additional increase Oracle's financial services fiscal Crime and Compliance administration (FCCM) answer suite. With this integration, Oracle will present its consumers extra capabilities to boost the due diligence technique, together with access to the broadest, cloud-based mostly content material library exclusively tailor-made for financial crime investigations and KYC profile list completion.
Arachnys / Navigator enables analysts to dynamically reveal for terrible information and entity profile advice for brand spanking new shoppers at client onboarding and linked events within transaction monitoring investigations. applying this advice offers a more accurate understanding of the risks across entities for extra prudent and proactive chance decisioning, whereas guaranteeing Oracle valued clientele improved auditability, compliance and policy conformance throughout investigations.
''The open structure, possibility abilities management, and finished capabilities of the consumer possibility Intelligence platform provides for each speedy integration and options for a large choice of consumer risk evaluation use circumstances,'' mentioned Ed Sander, President of Arachnys. ''Oracle is one of their most valued companions in helping corporations impulsively onboard their customers while thwarting bad actors.''
''The transformative expertise of Arachnys' cloud-native platform stands out in the field for its skill to accelerate profits by augmenting compliance and operations. They consider its approach to entity facts administration is enormously complementary to Oracle's and look forward to creating cost for their shoppers in the combat towards fiscal crime,'' stated Ambreesh Khanna, neighborhood vice chairman and generic supervisor, Oracle financial features Analytical applications.
As an Oracle Platinum degree member, Arachnys receives the benefit of being in a position to beginning constructing specializations on the way to enable them to grow their company, boost their advantage, reach greater ranges of customer retention and create differentiation within the marketplace. Platinum individuals additionally turn into eligible to resell all Oracle technology items and may apply to resell Oracle purposes and trade options. additionally, they acquire entry to My-Oracle aid to aid building, demonstration and integration licenses only, coupon codes on practicing, limited free assessment/exam vouchers, decreased quotes on the buy of Oracle licenses for internal use, discounts on advances client services and extra. For greater suggestions concerning the advantages of fitting an OPN Platinum degree partner, please talk over with: http://www.oracle.com/us/partnerships/index.htm.
Arachnys is a leader in customer risk Intelligence. They harness the world's suggestions to empower the investigative minds that comfortable their world. Their cloud-native, consumer risk intelligence platform makes it possible for monetary associations global to thwart dangerous actors, cut back operational fees, speed up topline salary, decrease false positives and cut back rejection and error charges. It ensures a firm's KYC, AML and CDD /EDD capabilities support regulatory compliance calls for. Arachnys' enjoyable use of RPA and ML technologies garnered it a 2018 ''KYC class chief'' score from Chartis analysis and placed it in the Chartis RiskTech 100, which identifies and profiles the exact one hundred RiskTech international providers. The business also garnered its inaugural rating in the RegTech one hundred. Arachnys is the most recent member of the challenge capital company QED's portfolio.
Arachnys is the registered trademark of Arachnys suggestions features, headquartered in London with offices in ny. The Arachnys emblems and product brands are logos/service marks of Arachnys. For extra assistance please seek advice from www.arachnys.com. follow us on Twitter and LinkedIn.
About Oracle PartnerNetwork:
Oracle PartnerNetwork (OPN) is Oracle's accomplice application that gives partners with a differentiated skills to boost, promote and put into effect Oracle solutions. OPN presents substances to educate and help really good abilities of Oracle's products and solutions and has developed to admire Oracle's becoming product portfolio, accomplice base and business opportunity. Key to the newest enhancements to OPN is the capacity for partners to be diagnosed and rewarded for his or her investment in Oracle Cloud. companions attractive with Oracle will be able to differentiate their Oracle Cloud abilities and success with purchasers in the course of the OPN Cloud software – an resourceful software that enhances existing OPN software levels with tiers of cognizance and progressive advantages for partners working with Oracle Cloud. To discover more talk over with: http://www.oracle.com/companions.
Oracle and Java are registered emblems of Oracle and/or its associates.
Articulate CommunicationsArachnys@articulatecomms.comUK: +44 (0)7951163615US: + 1 646 661 4223
View supply edition on accesswire.com:https://www.accesswire.com/531785/Arachnys-and-Oracle-integrate-financial-Crime-and-Compliance-options-to-increase-Compliance-Investigations-and-Streamline-customer-Onboarding
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When it comes to accounting software, entry-level financial applications such as Intuit QuickBooks are the most often installed apps in small to midsize businesses (SMBs). This is even more the case now that so many cloud-based accounting programs such as Freshbooks have entered the market. Intuit QuickBooks, Freshbooks, and similar apps are excellent tools because they're relatively easy to set up and use; that's one of the reasons they're so popular with SMBs. But accounting software that's popular with SMBs generally only gets you so far once your business grows past a certain size. Especially true if it starts doing business internationally, your expanding business is going to need more functionality from its accounting system.
For the purposes of this review roundup, rather than relegate these reviews to midsize businesses only, we'll instead use the increasingly more popular segment description "SME software"—small to midsize enterprise accounting. And the metric we'll use to determine if a particular accounting system falls into this category is its ability to handle complex business functions.More than Just Bookkeeping
The reason for using this particular approach is simple: Over the past decade or so, business has changed dramatically. With the internet fostering global sales, inventories in multiple locations and countries, and a bewildering mélange of currencies and taxes, even a company with just a few employees can require the sort of financial system complexity once reserved solely for multibillion dollar multinationals. Those multinationals could afford to spend hundreds of thousands of dollars on IT and financial system acquisition, implementation, and support on an ongoing basis, but most SMEs cannot.
The goal of SME software is to present a good portion of this capability at a price and usability a modest-sized business can afford. In this review roundup, they test 10 SME accounting systems that, for the most part, exist in the cloud, either as managed services or hosted systems. Many of the financial systems they reviewed are actually parts of larger suites, including additional modules covering a wide variety of functionality such as customer relationship management (CRM), business intelligence (BI), project management, data mining, financial reporting, complex budgeting and forecasting, and any number of other areas. For that reason, they had to limit what they looked at and, for now, they stuck with general ledger accounting. Look for us to examine some of these other modules in more detail in an upcoming roundup covering SME enterprise resource planning (ERP) apps.SME Customizability
Because of their modular approach to software delivery, the SME accounting systems they look at here for the most part allow customers to build their own financial systems based on what their operations require. While they examine baseline general ledger capability, these systems often also offer vertical market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or real estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.
For example, production, warehousing, and distribution businesses all have very different inventory needs, and this becomes even more complex when the business houses inventory of different kinds in multiple locations or countries. One of the areas they examined, but did not test, was a vendor's ability to meet these various inventory complexities, including bill of materials (BOM) processing, kitting (inventorying subcomponents of a finished product), and supply chain management.
Other characteristics of higher-level accounting systems include the ability to handle multiple companies and divisions, frequently with intercompany or interdivisional transactions; multicurrency capability, enhanced security, and features such as self-service payroll where the employee can directly access his or her information and make limited changes such as increasing or decreasing the number of dependents.Cloud-Scale Accounting
Another important characteristic of SME software is scalability. This is more of an issue with in-house systems than it is with cloud-based accounting, because scalability is mainly limited by the infrastructure upon which the system is running. In your data center that infrastructure limit can be quickly reached, thereby limiting your scale. In the cloud, you've got as much infrastructure as you feel like paying for at any given time.
In terms of SME accounting, scalability can be viewed as the ability to add simultaneous users. As the company grows, and as the financial system grows beyond bookkeeping into other areas of financial and managerial utility, the need to grow its users base quickly and easily is critically important. However, because these are high-end systems, especially when you get into in-house financial and ERP systems, scaling up for more users can mean substantially increased licensing costs, higher maintenance fees, and the need for higher-end hardware (if you're running the system in-house rather than as a managed cloud service).
Another limiting factor in SME accounting scalability is the underlying database. Most entry-level accounting apps use a proprietary database or a third-party offering with an inexpensive licensing fee. Either model, however, can limit the number of users. On the other hand, true enterprise financial systems are likely to use expensive databases, such as IBM DB2, Oracle, or SAP, any of which can dramatically drive up licensing, implementation, and maintenance costs. In between these two extremes, you'll find apps using Microsoft SQL Server (though this one is quickly approaching high-end database territory in terms of both feature and licensing complexity), MySQL, or PostgreSQL. While the accounting staff probably doesn't need to know what the underlying database of their accounting app is, it's definitely something your IT department needs to know and factor into their long-range planning—and that's regardless of whether the overall system is housed on-site or in the cloud.
Fortunately, your IT department won't have to work alone when it comes to implementing these SME accounting systems. That's because, for the most part, SME accounting systems are not offered for customer installation but rather only through value added resellers (VARs), most of which will make installation part of the package. None of the apps they tested are off-the-shelf retail boxed products, whether they're eventually housed on-site or in the cloud. However, while these services can drive up costs, they can also be highly valuable.
Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can all save significant time, at both the implementation stage and if anything ever goes wrong. Good planning and coordination between your staff, the reseller, and your accountant are difficult must-haves but can pay big dividends down the line.Evaluating SME Accounting
In their reviews, they tested using a fully functional testing account provided by the vendors, except when a cloud-based or hosted account wasn't available. In these few instances, they installed the in-house version with the help of the vendor or a designated reseller. Many of the accounting apps they tested include mobile access. With these apps, they tested available remote operations by using an iPad Air, a Lenovo Android tablet, and a Microsoft Surface 3, in addition to a desktop PC (which was their primary test platform).
When testing these systems yourself, remember that, while SME accounting systems are extremely powerful apps, the one you choose should fit as closely as possible to the way your business runs. That means you need to put in some real work to understand the workflows in your business—not just various accounting practices but also how your inventory is truly managed, for example, or how billing occurs for different kinds of customers. Meet with key business process owners and walk through all of the major workflows of your business before deciding on an SME accounting platform. You need to be aware of where data is generated, what it's used for, and how it might interact with other apps beyond the accounting system. The better you understand these nuances and the closer you can match the app's capabilities to what you need, the more successful your implementation will be.
Pros: Solid customer relationship management features. Broad enterprise resource planning features apply to wide variety of businesses. Excellent drilldown capabilities from several system views. Simple reporting. Custom process workflows. Easily navigable, hierarchical dashboards.
Cons: Confusing help system. Difficult to configuring system for specific roles. Broad but complex feature set.
Bottom Line: Oracle NetSuite OneWorld is written for the cloud, focusing on ease of use and modularity. It is a solid financials platform that can be easily expanded to meet other business needs simply by buying additional functionality through the cloud.Read Review
Pros: On-premises or cloud deployment. Robust amount of costing methods. Works on many databases. Solid reporting. Non-user-based pricing accommodates growing companies. Browser-based app makes it easy to use mobile devices. Navigation is easy.
Cons: Estimating licensing costs can be difficult. Standard report filters may need customizing. Reliance on third-party add-ons needed if implementing ERP for companies outside the manufacturing/distribution vertical. Unusual pricing structure.
Bottom Line: Acumatica's intuitive design, enterprise scalability, and flexible pricing model help make Acumatica an excellent choice for enterprise resource planning, general ledger accounting, and inventory management.Read Review
Pros: Many report export options. Great transaction drilldown. Extensive online training and help functionality. Solid audit trail report capability
Cons: . No HR or POS modules for ERP implementations. Limited graphics and charting. Task shortcuts need to be configured. No true dashboards. No process flowchart navigation.
Bottom Line: AccountMate is a solid entry in small to midsize business (SMB) financials, inventory management, and enterprise resource planning (ERP). Though it's missing some sophisticated features that other products have, it's still very usable and configurable.Read Review
Pros: Easy navigation. Two of the three bundles include Crystal Reports. Available as a single purchase or per-month payments. Can be purchased directly or through a reseller channel. Fund Accounting edition available.
Cons: Crystal Reports costs $495 extra, even for the most basic bundle. Report filters and data entry screens are not particularly intuitive. Not much charting or graphics capability within most modules.
Bottom Line: Cougar Mountain Denali Summit is aimed squarely at midsized businesses and it sports a wide variety of expansion modules. Its design can be a little lackluster in places, but for most businesses it provides a serviceable financial platform.Read Review
Pros: Deep dashboard drilldown. Full suite of ERP creation modules. Good documentation and Help screens. Available in-house or hosted. Includes Working Trial Balance report. Screen, forms, and reports customization. Easy hosted mobile access.
Cons: No Flowchart/Process navigation. Setting up data entry and reports is somewhat complex.
Bottom Line: While Open Systems Traverse is one of the oldest players in the space, it actually shows its age in areas like UI design. Still it's a solidly capable mid-tier financial platform that's well worth a look.Read Review
Pros: Extensive customization available. Underlying SAP HANA database allows for complex business analytics. Microsoft SQL Server also available. Includes Crystal Reports for custom reporting. Can handle multiple currencies. Benefits administration module. Excellent documentation.
Cons: Initial configuration and installation usually requires partner or expensive Value Added Reseller (VAR). Extensive customization necessary. Only supports Mozilla Firefox browser; testing failed. Ancillary system applications such as HR have pared-down feature sets.
Bottom Line: SAP Business One Professional has good features and flexibility overall, but is designed as an "old school" enterprise resource planning (ERP) platform. It may be too complex for many users especially small to midsize businesses (SMBs).Read Review
Pros: Mobile access from multiple operating systems using Google Chrome. CRM available in the 300 product line. Easily changeable dashboard widgets. Customizable, ribbon-based navigation menus.
Cons: Payroll and inventory unavailable as 300 components. No hard timetable for adding modules. No flowchart/process navigation. Limited dashboard widgets on screen. Missing drill-down or navigation capability.
Bottom Line: Sage 300 is a mid-range accounting and enterprise resource planning (ERP) software solution that is easy to use. But its functionality and expansion modules are limited, and it lags slightly behind the competition in drill-down and customization features.Read Review
Pros: Easy-to-navigate process menus. Familiar user interface (UI) for current QuickBooks users. Huge user community. Simple forms and report customization. Large number of standard and contributed reports. Excellent import capabilities. Excellent integration with Sales and Purchasing.
Cons: Offers only Average Costing if acquired without Advanced Inventory feature. No Economic Order Capabilities. Basic Low Inventory warnings. Scalable only up to 30 users. Proprietary database. No true central documentation. Mobile access only with an add-on service.
Bottom Line: QuickBooks Desktop Enterprise is a good next step for companies that have gotten to large for Intuit's more small business-focused cloud-based versions. However, there are some scalability and back-end integration issues you'll want to consider before making the move.Read Review
Pros: Exceptional functionality. Numerous optional components can bring it up to true ERP capability. Base software (Starter Pack) is very well-provisioned. Available on-premises or as a managed cloud service. Large variety of available mobile applications. Huge number of customizable reports.
Cons: Outdated user interface (UI) isn't user-friendly. Workflow isn't intuitive. Will probably require extensive (and expensive) configuration and customization from Microsoft partners/resellers. Modular approach can result in an expensive system if many subsidiary journals are required.
Bottom Line: Microsoft Dynamics GP puts functionality rather than user-friendliness at the top of its feature list.Read Review
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