1Z0-436 | Oracle BigMachines CPQ Cloud Service 2016 Implementation Essentials

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Vendor		Oracle
Exam Number		1Z0-436
Exam Name		Oracle BigMachines CPQ Cloud Service 2016 Implementation Essentials
Questions		80 Q & A
Recent Update		February 25, 2019
Free PDF Download		1Z0-436 Brain Dump
Download Complete PDF		Killexams 1Z0-436 Complete Document

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1Z0-436 Oracle BigMachines CPQ Cloud Service 2016 Implementation Essentials

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1Z0-436 exam Dumps Source : Oracle BigMachines CPQ Cloud Service 2016 Implementation Essentials

Test Code : 1Z0-436
Test Name : Oracle BigMachines CPQ Cloud Service 2016 Implementation Essentials
Vendor Name : Oracle
Q&A : 80 Real Questions

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Oracle Oracle BigMachines CPQ Cloud

Oracle Buys BigMachines To Win The Cloud combat: Will Transaction increase Margins? | killexams.com Real Questions and Pass4sure dumps

No result found, try new key phrase!BigMachines is a Chicago-primarily based enterprise choicest everyday for its potential in cloud-based mostly CPQ solutions (this is, configure, rate and quote cloud computing solutions) to enhance Oracle's CRM providing. Or...

Oracle Continues to improve Oracle CX Cloud With Oracle Configure, fee, and Quote Cloud Enhancements | killexams.com Real Questions and Pass4sure dumps

LAS VEGAS, NV--(Marketwired - Apr 9, 2014) - COLLABORATE 14 -- Oracle ( NYSE : ORCL )

information summary groups from each business, large and small, excel via delivering first-rate customer experiences across all consumer touch aspects. With the acquisition of BigMachines, Oracle introduced a key part to its cloud-based client event suite of items that manages the client lifecycle -- from lead era and probability management, via quoting and consumer provider. Oracle CPQ Cloud (BigMachines) streamlines the earnings process from inquiry to order by enabling sales staff and partners to generate earnings charges, orders and suggestions straight away and accurately -- from any place, on any gadget. Oracle these days announces Oracle CPQ Cloud has continued its speedy tempo of innovation in construction, presenting consumers with new capabilities that enrich earnings force efficiency.

information records

Oracle these days proclaims Oracle CPQ Cloud's ongoing commitment to presenting price to valued clientele through new aspects and enhancements.

With the latest liberate of Oracle CPQ Cloud, revenue authorities and partners can now entry the total CPQ suite by the use of cell capsules from any place every time and dwell productive whereas on the go.

newest enhancements assist extended integrations with Oracle earnings Cloud and Salesforce.com, enabling automation, efficiency, and accuracy during the revenue technique. corporations with Oracle sales Cloud and Salesforce.com sales force automation tools will appreciate Oracle CPQ Cloud's potential to leverage the aforementioned options for greater ease-of-use and versatile administration.

To further optimize and simplify administration of the solution, Oracle CPQ Cloud brought the following new points and enhancements:

components administration: extra allows for directors to create advanced pricing and discounting calculations in a drag-and-drop interface, without scripting or advanced suggestions.

Migration Rollback: Helps directors recuperate from the inadvertent migration of wrong content between test and construction environments. Rollback returns the construction website to a established restoration point with the touch of a button, quite simply cutting back downtime.

function-to-characteristic Calls: gives implementers and administrators the flexibility to optimize and re-use modular scripts.

Re-launched Product support: presents directors better search and collaborative facets to find the tips they need to correctly construct and retain their sites.

Oracle CPQ Cloud has also more advantageous benchmarks and tuning for significant costs.

Oracle CPQ Cloud building benchmarked a 2,000 line item quote and optimized probably the most standard activities clients operate to comprehensive the income cycle. subsequently, device performance better as much as 80%.

while the benchmark centered colossal charges, earnings forces that build smaller charges can now relish a quicker, greater responsive consumer journey, as smartly.

Integrating with revenue drive Automation gives Key merits Oracle CPQ Cloud conveniently integrates with each Oracle income Cloud and with Salesforce.com. The integrations give the following advantages:

Oracle income Cloud: clients of Oracle sales Cloud can now with ease integrate their sales force automation device with Oracle CPQ Cloud.

clients will advantage from Oracle CPQ Cloud's category-leading quoting, configuration, and document generation capabilities seamlessly built-in in the account and possibility administration screens of Oracle income Cloud CRM. This cohesive answer helps earnings groups more desirable manipulate and close offers -- for quicker and smarter selling.

the combination aspects single signal-on via SAML for seamless user event and safety.

Oracle CPQ Cloud can import and export information from lots of Oracle income Cloud ordinary and custom objects, disposing of the need for clients to re-key data, and ensuring that revenue forecasts are always updated.

Salesforce.com: Oracle CPQ Cloud continues to show its commitment to support Salesforce.com and Oracle CPQ Cloud joint shoppers by using continuing to make investments in the Oracle CPQ Cloud-Salesforce.com integration.

fresh Oracle CPQ Cloud enhancements encompass updates to the executive capabilities to supply superior records synchronization and reduced system renovation while utilising the newest Salesforce.com integration APIs.

Configuration Goes mobile With new elements optimized for pill instruments, Oracle CPQ Cloud provides the following merits on-the-go:

Collaborative and engaging Experiences: Modeled with field revenue brokers in mind, Oracle CPQ Cloud on the pill permits earnings brokers to sell collaboratively and to present an attractive and interactive customer journey by means of a tablet machine.

decreased revenue Cycles: by working side-by means of-side with the consumer, a box sales agent can effectively configure and quote the correct products. This engagement model consequences in greater client purchase-in, fewer product iterations, and precise-time opportunities to offer move-sells and upsells. This, in flip, leads to a greater engaged client, a sooner earnings system, and improved win fees.

supporting prices

"The addition of Oracle CPQ Cloud to Oracle CX Cloud makes it the ultimate cloud-based suite of advertising, revenue, and client service tools for businesses of all types and sizes," stated Ken Volpe, Senior vice chairman, Oracle Product construction. "Oracle CPQ Cloud helps enhance client delight and earnings efficiency. Its integration into Oracle CX Cloud allows sales groups to promote greater and sell faster, from result in order, and repair through renewal."

"BigMachines has developed a popularity for building category-leading CPQ solutions that help shoppers sell accurately and intelligently," pointed out Christopher Shutts, Oracle vice president of construction, and BigMachines Co-Founder. "shoppers can achieve more advantageous sales performance and stronger customer experiences on account of Oracle's dedication to raise funding within the innovation of the Oracle CPQ Cloud product."

helping elements

About Oracle Oracle engineers hardware and application to work together within the cloud and in your records center. For extra advice about Oracle ( NYSE : ORCL ), consult with www.oracle.com.

trademarks Oracle and Java are registered emblems of Oracle and/or its affiliates. different names may well be emblems of their respective owners.

Oracle Buys BigMachines | killexams.com Real Questions and Pass4sure dumps

Oracle Buys BigMachines

supply: Oracle employer

Oracle Corporation

October 23, 2013 07:59 ET

provides leading Configure, rate and Quote (CPQ) Cloud to the Oracle Cloud to enable Smarter promoting

REDWOOD SHORES, CA--(Marketwired - Oct 23, 2013) - Oracle (NYSE: ORCL)

news information

Oracle these days introduced that it has entered into an settlement to acquire BigMachines, a number one cloud-based Configure, price and Quote (CPQ) solution issuer.

BigMachines' CPQ Cloud quickens the conversion of revenue alternatives into profits by automating the income order technique with guided promoting, dynamic pricing, and an easy-to-use workflow approval process, available anyplace, on any device.

organizations that use earnings automation know-how regularly count on manual, cumbersome and disconnected techniques to convert opportunities into orders. This creates blunders, adds fees, delays income, and degrades the client event.

BigMachines' CPQ cloud extends sales automation to consist of the creation of an highest quality quote, which enables sales personnel to without problems configure and cost complicated items, choose the greatest options, promotions and deal phrases, and include up promote and renewals, all the usage of automated workflows.

In aggregate with Oracle's business-grade cloud solutions, together with marketing, earnings, Social, Commerce and repair Clouds, Oracle and BigMachines will create an end-to-end smarter promoting cloud answer so earnings personnel are extra productive, purchasers are greater convinced, and organizations develop profits faster.

extra counsel on this announcement can also be discovered at http://www.oracle.com/bigmachines

supporting rates

"The basic goals of smarter selling are to give sales groups with the assistance, entry, and insights they should maximize revenue opportunities and execute on all phases of the earnings cycle," noted Thomas Kurian, government vice chairman, Oracle building. "by means of adding BigMachines' CPQ Cloud to the Oracle Cloud, groups might be in a position to force greater revenue and enhance customer satisfaction with a seamlessly integrated manner across advertising and earnings, pricing and quoting, and fulfillment and repair."

"BigMachines has developed leading CPQ solutions that serve agencies of all sizes throughout numerous industries," said David Bonnette, BigMachines' CEO. "together with Oracle, we expect to deliver an entire cloud answer to manage sales strategies and convey great customer experiences."

assisting materials

About Oracle Oracle engineers hardware and utility to work together within the cloud and to your statistics center. For greater tips about Oracle (NYSE: ORCL), visit www.oracle.com.

trademarks Oracle is a registered trademark of Oracle supplier and/or its associates. different names can be emblems of their respective homeowners.

This doc is for informational applications simplest and can not be incorporated into a contract or agreement.

Oracle is at present reviewing the current BigMachines product roadmap and should be providing guidance to customers in response to Oracle's common product communication policies. Any resulting facets and timing of liberate of such features as determined by Oracle's evaluate of BigMachines' product roadmap are on the sole discretion of Oracle. All product roadmap counsel, even if communicated via BigMachines or by Oracle, doesn't signify a commitment to bring any fabric, code, or functionality, and will not be relied upon in making buying selections. it's intended for counsel purposes best, and may not be integrated into any contract.

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Why has Quote-to-Cash (Q2C) Become Exceptionally Hard and Why Salesforce and SAP are after it? | killexams.com real questions and Pass4sure dumps

Enterprises across all industry verticals have following urgent requirements:

Transition to subscriptions,

Ability to offer new sales bundles in hours & not weeks turnaround, and

Enable B2B self-service eCommerce (think Amazon-like buying experience for enterprise products).

Unfortunately, existing products in Q2C workflow have failed to meet any of the above requirements for enterprises (for mid-market, there are some point solutions though).

Here’s a quick summary on what’s broken based on my conversations:

Summary of Problems

Outdated and incompatible product catalog across CRM/CPQ/Billing/ERP leading to data duplication and lot of complicated integration work across the stack

Broken APIs

Sandbox to Production deployment is a nightmare

Complex approval workflows

Unfriendly UX across the board whether customer, channel or employee facing

No mobile-centric experience

Inherent lack of scalability in both CPQ and Billing solutions

Inflexible and inextensible systems leading to longer implementation times (usually in several months, often couple of years).

Usage-based billing doesn’t work

Hardware + subscription on same quote usually doesn’t work

Subscription amendments and later renewals are challenging

Analytics/reporting is weak/complex and non-actionable

Issues with multi-year contracts

Dynamic bundling is not supported

Dynamic pricing is not supported

No one is providing intelligence around the transaction data (that goes through Q2C process) to help in future sales

No multiple language support … Salesforce requires APEX, Oracle CPQ has BML. Side affect: Lack of availability of inexpensive talent to maintain such products

Why has Q2C become a complex problem & why has no one been able to fix it meaningfully? Assumption around “SKUs” (one-time sale)

Biggest change in last few years is around the customer expectation to “subscribe” to products/services instead of right-out purchase. This migration from one-time selling of SKUs to subscriptions is the primary reason behind why traditional Q2C products are failing.

For SKUs, information flow has largely been one-way i.e., from CRM to ERP with some reconciliation happening from ERP to CRM. Subscriptions have caused this flow to turn on its head as now orders are not final; amendments are the new norm i.e., adding/deleting/modifying subscription post-purchase. This requires ERP and CRM to communicate closely and often. However, these systems were not designed for such communication. Even simple data in/out is painful with each much less a well-oiled bi-directional data flow.

Underlying data model for product / pricing catalog was not designed for SKUs and not subscriptions. SKUs fundamentally represent a “fixed” product/service, there is no variability. On the other hand, subscriptions by definition have a term associated (6 month, 12 month etc.) and pricing / discounting will depend on the term. Furthermore, subscriptions are also priced based on # users which the end customer may vary over the liftetime of the subscription. Traditional product catalogs are not designed to handle this flexibility. To address this issue with current systems, enterprises are forced to create additional SKUs to handle every permutation leading to bizarre SKU proliferation (1000s of SKUs) which unnecessarily complicates everyone’s life (sales person, channel sales, marketing, accounting, and even the customer)

Changing ERP/CRM systems and product catalogs is a fundamental design change and is certainly not an add-on feature.

Assumed traditional / channel selling only

CRMs were designed for 1000s of accounts not millions of accounts/data points; consequently even basic scaling/performance requirements are unmet. I was told that Salesforce CPQ cannot handle quotes of more than 200 lines so the quote needs to be divided into multiple quotes (Salesforce experts can recall dreaded “governor” limits. Now, any PaaS system will have checks and balances around resource consumption (e.g., here is Google App Engine’s) but it seems that the way it is done in Salesforce imposes basic restrictions e.g., one can only query 100 SQL records per transaction,.. not 1M, 100K or even 10K… it is 100!). A larger point is that for new-age enterprises like Airbnb, Lyft, Uber, DoorDash etc. which count their customers/merchants in millions, none of the existing CRMs (and even CPQ/Billing/ERP systems) will work and from what I have been told each is working on their own version of these systems. In fact, this opens a very interesting startup opportunity to build massively scalable, user-friendly, cloud-based CRM etc. systems that can be used by next-gen enterprises. Even better, why not build a generic infrastructure enterprise IT layer that can run on top of any public cloud on top of which apps like CRM, CPQ, Billing, ERP etc. can be run. Now, enterprises don’t need to maintain a separate CRM/ERP or even HR IT stack… all enterprise resources (whether people or assets) are represented in this one single stack which will make the job of IT hugely simplified as no data transformations would be needed). More on this in a later post.

Downstream CPQ systems work off of a CRM “opportunity” only. This means if you are offering your products/services to be sold online directly, CPQ won’t work as the website user is not a CRM lead. This forces enterprises to build and manage two parallel Q2C workflows (one for direct-sales and another for self-serve).

Guided selling is limited to manual Q&A rather than auto-context-drive (customer, country, vertical) or prior purchase history.

Consumer concepts of UX, mobile-centricity were largely ignored.

Guts of the IT systems were designed for low-volume/high-dollar (direct/channel sales) and not for high-volume/low-dollar transactions (self-serve) which is majority business for increasingly large number of SaaS companies and long tail for others.

Fixing these issues is not a bolt-on feature fix-it, instead it requires a thought through software design from day 1.

Mid-market focus

It appears that all CPQ/Subscription Billing vendors took a mid-market approach early on (startups often do that for score early wins). Here’s the disastrous side-effect though — enterprise use-cases are not accounted for in these designs resulting in extremely inflexible systems with poor scalability, dysfunctional APIs, broken reporting etc. This is one consistent feedback I heard across all vendors — they are not “enterprise-ready”.

Existing products were created more than 10 years back (even Zuora is 11 yrs old) and most, if not all, seem to be running on an outdated software architecture. Artifacts of old architecture are — lack of scaling/performance, weak APIs, data in/out hard, restriction on programming language support, underlying systems that don’t scale (Salesforce and since practically all CPQ systems run on force.com platform they inherit the same limitations). Several companies mentioned that the cost of Salesforce sandbox environment is also very pricey.

Re-architecting the core-engine is essentially creating a new product.

In my interviews, consistent feedback was that Q2C products need to provide 60–70% expected functionality out-of-the-box while the rest (customization) will be done by customer themselves as long as it can be done easily which seems to be not possible by current tools.

Ok, but still existing vendors must be doing something. What’s that?

Either adding bolt-on products or doing acquisitions — Apttus did CPQ first, Billing later. Zuora did Billing first, CPQ later (in process). SAP acquired Billing first then CPQ (CallidusCloud, $2.4B, Jan 2018). Salesforce acquired CPQ (Steelbrick, $360M, Dec 2015) which in turn had acquired a billing vendor earlier.

All of these approaches seem to failing as the fundamental issue is not putting all products under one price list but in providing a true “integrated” product with enterprise-class design around handling subscriptions. None of the vendors seem to have that.

The multiple-product approach (whether in-house or through acquisition) introduces immense bottlenecks in data flow requiring painful data translations resulting in brittle connections & never-ending maintenance.

How are enterprises dealing with this now?

They are forced to do either of following:

Buy existing products and hire an army of System Integrators to somehow make the products work together by undertaking complex integrations — roughly 10–20% of such implementations simply fail, others that succeed end up creating brittle connections so that change management is a huge pain (both time & $$$) and agility is completely lost. One company spent $300M (!) on CPQ transformation project with less than satisfactory outcome. General average tends to be in 10s of millions of dollars (this includes license cost, implementation cost and ongoing maintenance).

Build own tools — Everyone from the bigwigs to medium enterprises know that it is not a long-term strategy (creating and maintaining systems like CPQ/Billing is a complex undertaking and early benefits quickly overtaken by long-term maintenance costs, lack of product direction, budget cuts etc.). In my conversations I came across 4 companies who have undertaken those efforts and with all of them (except one where it was CTO’s idea) were forced to do it — their point was if they will have to spend huge money on SIs anyway, why not pour that money in internal development and control their own fate. There could be some kingdom building situation but as a matter of fact all of these tools were struggling and IT leaders were looking for a good external alternative (though none is available).

What’s the fix?

After having several of these conversations, some patterns started emerging and here are my thoughts on a product/system that I think can potentially solve the problems:

First and foremost, Pricing engine, Product catalog & Subscriptions need to be in ONE SYSTEM. Traditional way of putting Pricing and Catalog in CPQ and Billing in ERP separately worked well for SKU-based ordering or one-time orders. With subscriptions, “order” is not a terminal entity, instead it lives on with amendments. Best way to handle that is by combining subscription handling (quoting, billing, amendments, renewals), product catalog and pricing in one system.

Second, think Enterprise-architecture Day 1. That means building a platform vs an application. Make data in/out extremely easy, provide home-grown rock-solid connectors to popular CRM/ERP solutions, focus on UX, easy extensibility, mobile-centric, run on independent cloud instead of force.com (limits scalability, performance, even AI options).

Third, cater to self-serve — future of enterprise selling: Provide an Amazon/Atlassian like buying experience to other enterprises whose customers are increasingly smart buyers. This will unlock new and previously untapped revenue opportunities for enterprises and could be a real game changer. According to Forrester, 74% of B2B buyers prefer to buy online vs through channel.

Fourth, put data science / ML to good use. Q2C workflow sees financial / customer / machine data — perfect place to apply ML driving up-sells, cross-sells, renewals. e.g., “60% customers like you bought this”. Also, how about tying product usage directly to customer portal to drive auto-upsell notification — “You are ready for an upgrade.”

Fifth, rethink customer success: How about tying revenue to a successful implementation instead of just initial sale. It may seem like a risky approach, but given that Q2C drives customers’ revenue/profitability, if a lot of value is created for the customer, it will be a huge a win-win proposition and a ton of money can be made to the extent that’s never been seen before in enterprise software.

Enter… Enterprise Monetization Platform Benefit

No need to buy & manage separate Billing and CPQ products (Do Subscription quoting, billing, renewals, amendments in ONE Platform).

Usage-based Billing Support

CPQ interface (web + mobile) that sales will LOVE to use. CPQ product primary purpose is to help sales folks close deal as fast as possible but most, if not all, CPQ solutions just automate selling process without making it easier/smarter. (I am reminded of a book “Don’t make me think” by Steve Krug).

Provision new sales bundles in matter of hours not weeks

Ability to create dynamic bundles (finally no SKU proliferation!)

Combine hardware and software on one quote

Subscription amendments are so easy that they can be self-served as well!

Go-live in < 1 month (post requirements gathering)

Summary

Classic ERP and CRM systems that were designed decades ago around concepts of one-time order, rigid catalogs, inflexible pricing, direct/channel sales only (not self-serve) and closed systems are increasingly becoming irrelevant for enterprises that are obsessed about being agile and customer-centric.

In short, existing CRM and ERP systems are failing systems of records, unimpressive systems of engagement & non-existing systems of intelligence.

There is a super massive opportunity around re-imagining & re-building these systems & deliver an experience and not just a tool.

Addendum Best independent writing I found on this subject:

The Future of Quote-to-Cash (Q2C) and the Commerce Cloud: Top Ten Strategies for SaaS Companies by Anandan (AJ), 2016. (I even met AJ in person subsequently).

Analyst Reports

Gartner MQ 2018 for CPQ (provide info to download free copy from CloudSense)

Forrester Wave CPQ Q1 2017 (provide info to download free copy from Apttus)

Market

CPQ/ Billing is part of overall $42.14B CERM (Customer Experience & Relationship Management) market. Source: Gartner.

CPQ Market: $1.2B (est. 2018). CAGR 20% through 2020.

Subscription Billing: $2.7B (est. 2018). CAGR 35% through 2022.

I think the market is much bigger since penetration of professional CPQ/Billing solutions is low (vs home grown or point solutions). One proxy for this data is # of customers for CPQ vendors (these are all in Gartner MQ)

Apttus — 300, Oracle BigMachines — 500, FPX — 62, Accenture — 25, Vendavo — 60

If we were to extrapolate the numbers to lets 5x of above, we get 5000 customers. By comparison, Salesforce CRM is deployed in more than 150K organizations. Moreover, enterprise subscription market is very nascent at this stage and both markets will have a healthy double digit growth through next 5 years so that overall market opportunity is close to $10B.

M&A (by date)

$1B-$2B estimated, Apttus majority stake by PE firm Thoma Bravo, Sep 2018

$2.4B SAP acquired CallidusCloud (CPQ), Jan 2018

$303M Salesforce acquired Steelbrick (CPQ), Dec 2015

$400M Oracle acquired BigMachines (CPQ), 2013

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