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1Z1-507 exam Dumps Source : Oracle Fusion Financials 11g Accounts Payable Essentials
Test Code : 1Z1-507
Test Name : Oracle Fusion Financials 11g Accounts Payable Essentials
Vendor Name : Oracle
: 150 Real 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 name 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 end 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 take 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 remember to agree 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 use of a provider-oriented structure (SOA), which takes on a newer, tons smoother method in distinction to the forms and database-centric method of the Oracle software architecture in EBS.big selection of products & effective information model
Fusion offers a number of items acquired by way of the Oracle over the final decade including diverse business options like JD Edwards, PeopleSoft and Siebel, moreover the Oracle E-company Suite (EBS). for this reason, the facts mannequin of Fusion is also a mix of Oracle EBS, Siebel and PeopleSoft and is more useful.Smoother Workflow & Reporting
while Oracle EBS uses a PL/SQL procedural language, Fusion uses business method Execution Language (BPEL) which assures a smoother, more seamless workflow. stories are also 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 financial reporting with financial plan Generator, Fusion offers a big range of options with Hyperion financial Reporting Studio, Oracle Transactional enterprise Intelligence (OTBI).Futuristic business Intelligence
As EBS uses Oracle Discoverer, which has now been phased out by means of Oracle Fusion, there will no longer be any support or compatibility with more recent items together with Microsoft home windows, web Explorer and Oracle database updates. Oracle Fusion, even so, makes use of the newer, more superior Oracle enterprise Intelligence enterprise edition (OBIEE).Simplified content material management
When EBS stores records in BLOBs, Fusion makes use of Oracle typical content material administration (formerly Stellant), which has been acquired from Stellant. This presents a simplified answer 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 see 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 part over EBS with its potential to create advert hoc reports for actual-time statistics devoid of the need to run numerous queries. quite simply put, Oracle Fusion is the business 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 answer for the Marcura community, an IT services provider for the transport and logistics trade. This turned into achieved inside a listing time body 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 business options designed to aid their valued clientele in the international maritime business streamline techniques, navigate increasingly complicated laws and mitigate risks. The community contains of diverse international entities and offers multiple solutions with items like DA-Desk®, ProtsDirect®, CP Desk®, Martrust, PortLog, PortPoint, Laytime-Desk and show up-Desk.
After evaluating assorted business 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 business 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 take a seat on excellent of a 100% open, requirements-based platform to support valued clientele increase 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 take for subsequent generation corporations. we're assured that with Oracle Fusion Financials, the Marcura group can be capable of enhance productiveness and make stronger company choices with the precise-time intelligence capabilities.” He delivered, ”Clover Infotech has achieved a stellar job of imposing the answer within three months and should be capable of present persisted support to the company.”
Congratulating Clover Infotech on this crucial undertaking, Tushar Trivedi, group Head of Accounting, Marcura group, said, “We have been definite that Oracle Fusion Financials is the right solution to fulfill their necessities. They looked for an implementation companion who may be mindful their enterprise requirements and be a vital part of this change. Clover Infotech got here on board and performed this challenging project in an utmost professional manner. Their team had a beneficial mixture of americans with accounting talents, and knowledge of earlier versions of Oracle. I congratulate the groups at Clover Infotech, Oracle guide 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 take this possibility to thank the Marcura team for his or her aid in making certain 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 right into a next-generation suite. Oracle CEO Larry Ellison has referred to they're going to make their preliminary 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 use of BI (enterprise intelligence).
while the presentations will apparently include a wealth of granular aspect about the utility, OpenWorld additionally gifts an important probability for Oracle to show consumers on some broader facets of the Fusion launch, based on some clients and analysts.
"The large element 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 be deliverable as SaaS (utility as a provider). however it is not clear if Oracle itself will sell all the purposes this fashion, Hamerman observed.
"I consider that Oracle's simply not able to bounce into SaaS too tons, in fact, for financial reasons," he mentioned. "Ellison's on checklist saying no person's making any money with SaaS, and it's fairly a whole lot proper."
Fusion functions will obviously be offered in on-premises form in addition to by the use of internet hosting functions like Oracle's own On Demand division, Hamerman added. but it can be up to companions to carry the software as true multi-tenant SaaS, which offers charge savings and cuts management chores, considering that distinct purchasers share the equal application illustration.
Oracle would definitely do well to extra spell out the deployment alternatives for Fusion, noted 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 small 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 be express about that."
Fusion purposes' technical underpinnings, which consist of Oracle Fusion Middleware and the JDeveloper toolkit, may end 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 be extra attractive to smaller groups with fewer substances and want to make any such transition.
there may be additionally the possibility of Fusion purposes being delivered in appliance form, most likely powered by using Oracle's Exadata platform.
but clients can't make any mammoth decisions except the software is definitely launched.
at least, Hamerman is anticipating Oracle to announce 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 do they expect to be in a yr or two years? For this product, or not it's key to have reside purchasers in quantity on payroll or generic ledger, to show out its means to tackle enormous organizations."
perception into when the second wave of Fusion could be launched would even be useful to clients, considering the fact that the initial launch will now not encompass a complete set of ERP modules.
"not all the verticals might be delivered," noted 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 do not feel all shoppers are going to substitute what they have got today with Fusion," Ellison pointed out throughout his OpenWorld speech remaining yr. "We consider they'll increase what they have with some Fusion. Fusion is designed to be delivered that manner. ... they now have alternative purposes and then they now have internet-new applications."
however the enterprise might do extra to cement this message, as many consumers seem to be under the influence that relocating to Fusion applications could be like different improvements, in line with one other person.
"it be far more of a combination-and-fit [situation]. you will come to a decision what you want. or not it's a distinct 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 support 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 all over a fresh event Lilley attended, she introduced.
meanwhile, Fusion's licensing model is a "phenomenally essential" area for Oracle to make clear, Teter mentioned. "We deserve to hear how it's going to work. What i have been told is they will get 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that should be a no-cost improve. but when it's a new module, so as to can charge you."
Lilley has an identical figuring out. "In their conversations, they have been reasonably clear 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 be 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 reason probably entails costly new license purchases.
Wang expects Oracle to give some measure of go-platform compatibility.
"like all decent supplier they should be optimized for their own stack, but that doesn't mean they can't work with others," he mentioned. "The market will dictate that Oracle has to be 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 news for The IDG news provider. Chris's e-mail handle 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 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 offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application development 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 Advantage 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 critical financial transactions annually with the 170 MarkView Financial Suite and need a secure and reliable database platform that can adapt and scale quickly to support 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 have 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 range of new development and management features that will help partners like 170 Systems offer 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 business 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 be effectively deployed on everything from small blade servers to the biggest SMP servers and clusters of all sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage all data from traditional business 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 business 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 need to be successful in today's global economy. Oracle partners are able to offer 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 business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. These partners receive a higher level 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, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all 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, please 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, -0.72%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to increase performance, reduce costs and enhance decision making. To stay at the forefront of the industry amidst all 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 help manage its 15 plants around North America. As part of those efforts it upgraded to Oracle E-Business Suite 12.1, to get to the current release and to address a significant change in charted accounts along with redesigning six of its core business processes. Now, Capital Power can access a suite of modern business applications that enable it to streamline business processes and reduce costs.
News Facts-- To help 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 return of 12.5 percent from its upgrade. Due to additional savings that were found during the process, the actual rate of return was 25.2 percent(i). -- With significant changes planned to its core business processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern business applications that could to be 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 help redesign its business 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 help 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 help optimize financial operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle General 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 moving 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, send 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 Business 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 also enables all employees to view near real 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 do their jobs.
Supporting Quote-- "We needed an automated and flexible business platform to increase efficiencies and establish a solid foundation as they redesigned a number of their core business 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 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 experience and drive better business 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 support policy helps ensure customers will continue to have 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, -0.72% visit www.oracle.com.
Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
(i) Internal rate of return was calculated on a 10 year period 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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